Tag: Bearish

Crypto Price Analysis & Overview July 3: Bitcoin, Ethereum, Ripple, Kyber Network, and Bancor

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Bitcoin Bitcoin pretty much moved sideways this week after slipping by a small 1%. While predominantly trading in a tight range, BTC did slip beneath a critical level on a couple of occasions but has managed to recover. Last week, Bitcoin fell beneath a rising trend line formation that had been in play since mid-March. […]
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Binance Coin Price Analysis: BNB Follows Bitcoin’s Downturn Despite 7-Days Recovery, Charts 3% Daily Loss

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Binance Coin lost 3% over the past hours following a quick drop in Bitcoin’s price. The price continues to face rejection at a crucial resistance line after seven days of recovery. After the breakout, BNB consolidated and dropped back inside a demand zone of 0.0165 BTC BNB/USD: BNB Rejects At Resistance Line Key Resistance Levels: […]
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Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why

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Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set at a new yearly high. While these figures might sound promising, they have coincided with a steep $300 crash in Bitcoin’s price over a 2.5 […]
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Ripple Price Analysis: Things Looking Grim for XRP as Bears Attempt To Push Below 1900 SAT

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XRP has moved sideways over the last few days as the bulls battle to defend $0.175. A break beneath $0.175 could result in XRP unwinding toward $0.15. Against Bitcoin, XRP continues to make lower lows as the sellers flirt with breaking beneath 1900 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.175, $0.171, $0.157. Resistance: […]
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Cardano Price Analysis: ADA Surges 13% And Finally Conquers 1000 SAT

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Cardano starts the monthly opening on a bullish foot with a total of 13% gains over the past hours. The price is increasing following a huge daily buying volume. Against Bitcoin, ADA surged above last month’s high after seeing 11.11% gains today. ADA/USD: Cardano Signals Fresh Increase Key Resistance Levels: $0.095, $0.97, $0.1 Key Support […]
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Bitcoin Price Analysis: BTC Bears Eye $8,600 As RSI Divergence Grows

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On the 1D BTC/USD chart, we can see that the leading crypto-asset remains range-bound between the daily $8,600 and $10,000 levels. Rumors earlier in the week regarding PayPal possibly adding support for Bitcoin and other cryptocurrencies on its platform, sparked a small rally but failed to fuel a much-needed breakout above a key resistance level […]
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Ethereum Price Analysis: ETH Bulls Defending $225 And Looking For a Rebound

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Ethereum moved sideways over the past 24 hours as the bulls battle for the $225 level. The cryptocurrency has been falling all week as it drops by 5% after failing to break $250 last week. Against Bitcoin, Ethereum is attempting to reclaim the 0.025 BTC level. Key Support & Resistance Levels ETH/USD: Support: $225, $215, […]
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Chainlink Price Analysis: $5 Seems Less Likely As LINK’s Volume Fades

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The price slowly recovers after finding small support around $4.27. The daily decrease in volume shows that bears may be around the corner. LINK/USD: Trading Volume Is Fading Away Key Resistance Levels: $4.9, $5, $5.5 Key Support Levels: $4.27, $3.9, $3.5 Chainlink’s performance has been quite impressive during the second quarter of 2020. The bulls […]
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Cardano’s Shelley Mainnet Launch at Virtual Summit Could be a Catalyst for ADA Price Rally

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Prior to the bearish slump, Cardano’s ADA cryptocurrency has risen around 50% since late May 2020, in light of the news of its Shelley upgrade. The Shelley mainnet is a decentralized network of community nodes operating on a proof-of-stake consensus protocol, with less central governance coming from the developers. (Read More) …

Ripple Price Analysis: Can The Bulls Prevent XRP From Slipping Towards $0.15?

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XRP saw a sharp 6% price drop over the past week as the bulls battle to defend $0.175. A break beneath $0.175 would result in XRP unwinding toward the $0.15 level. Against Bitcoin, the disaster continues as it created fresh lows beneath 1950 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.175, $0.171, $0.165. Resistance: […]
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Bitcoin Price Analysis: The Worrying Sign That Can Send BTC To New Lows Very Soon

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During the past two days, the Bitcoin price was trading under a tight range between $9000 and $9200. This untypical stability by Bitcoin is just showing how indecisive the primary cryptocurrency is. What is for sure is that a wild price move is likely to take place over the next few days. Following the Saturday’s […]
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Synthetix Network Token Price Analysis: DeFi Craze Slows Down As SNX Looks to Consolidate Around $1.8

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After witnessing a five-days correction, SNX recovered almost 6% over the last 48-hours trading. Sellers may resume pressure if the price fails to increase above the previous resistance. The trend is still looking bullish in the short-term despite the five-day selling. SNX/USD: It Maintains Lower High Lower High Pattern Key Resistance Levels: $1.83, $1.92, $1.964 […]
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Ethereum Price Analysis: ETH Dropped Below a 3-Month Rising Trend As Bears Start to Settle, What’s Next?

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Ethereum saw a sharp 5.6% price fall this past week as it drops to $223. This has caused ETH to penetrate beneath a rising trend line that has been in play since mid-March 2020. Against Bitcoin, Ethereum failed to overcome 0.0253 BTC again and dropped to 0.0245 BTC. Key Support & Resistance Levels ETH/USD: Support: […]
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Ripple price on the brink of dropping to 2020 lows

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Ripple price may be stagnant, trending in a tight trade range with caps at $0.17 and $0.20, respectively. Nonetheless, far and beyond the depressing price action are interesting fundamentals. Founded to ease remittance, the multi-billion for-profit company recently announced PayID. It is a coalition of over 40 companies aiming to ease the sending and reception of funds, […] …

Bearish: Positive Bitcoin Mentions Approach New 2020 Low As Fear Index Surges

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Recent data revealed that the number of positive Bitcoin mentions on the popular social media platform Twitter has dropped significantly since the halving in May. At the same time, the fear and greed index has downgraded from its neutral stance in May to a more fearful state in June. Twitter BTC Positivity Drops According to […]
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