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Showing posts with the label bearish trend

PepeCoin Price Prediction: PEPECOIN Tops Meme Coin Losers With 8% Plunge, But This New PEPE 2.0 Goes Ballistic In Presale With $16.4 Million Raised

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The PepeCoin price plunged 8% in the last 24 hours to trade at $3.175 as of 03:19 a.m. EST on trading volume that dropped almost 2% to $4 million. The drop made PEPECOIN the top loser among the biggest meme coins by market capitalization, ahead of Turbo, which suffered a 6% slump, according to CoinMarketCap. PepeCoin Price On A Bearish Trend The PepeCoin price picked up momentum in mid-September, soaring from the $2.3 support to the $3.5 resistance, according to GeckoTerminal . PEPECOIN then formed a double-top pattern within this resistance, signalling the possibility of an incoming downward trend. The PepeCoin price has now breached the previous support level at $3.4 (50-day Simple Moving Average (SMA)) but trades above the 200-day SMA, which now acts as the next support zone.   Furthermore, the Relative Strength Index (RSI) is plunging further towards the 30-oversold region, currently at 33, showing that the token is under intense selling pressure. The presence ...

Bitcoin Price Prediction: BTC Tops $59K, As Investors Rush To Buy DICE Before It Launches For Its 100X Potential

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The Bitcoin Price has surged by 0.3% in the last 24 hours to trade at  $59242 as of 8 p.m. EST on a 26% pump in trading volume to $38.9 billion. This rice price comes as Bitcoin ETFs mark the ninth day in August with recorded outflows deviating from the typically positive trend observed in previous months. Among the Bitcoin ETFs, Grayscale’s Bitcoin Trust saw the highest outflow of $70.2 million, followed by ARK’s ARKB with $65 million, Bitwise’s BITB with $16.4 million, Fidelity’s FBTC with $12.9 million, and Invesco’s BTCO with $11.1 million. 🚨 US #ETF 30 AUG: 🔴$176M to $BTC and ⚪$0M to $ETH 🌟 BTC ETF UPDATE (final): -$176M • No US Bitcoin ETFs saw an inflow yesterday. • The total flow for the week is -$227M with outflows on the past 4 days! 🌟 ETH ETF UPDATE (final): $0M • All US Ethereum ETFs had $0 net… pic.twitter.com/g2ek81iNSZ — Spot On Chain (@spotonchain) August 31, 20...

Battle Infinity Price Prediction for Today, October 20: IBATUSD Set to Retrace at $0.003407 Value

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IBATUSD Retracing at the $0.003407 Support Value IBATUSD selling pressure may possibly end soon to face the positive side as usual. Therefore; if the buyers should accelerate their price actions in the market $0.400 upper resistance level may be retested. Key Levels: Resistance Levels: $0.005100, $0.005200, $0.005300 Support Levels: $0.003400, $0.003300, $0.003200 IBAT (USD) Long-term Trend: Bearish (1H) As an outcome of low volume from the bulls, the IBATUSD pair is in a bearish trend on the 1-hourly chart. The pair has reached the $0.003630 resistance mark as the 1-hourly chart opens today after which the intervention from the bears now dropped the coin price to a low at the $0.003407 level. However, with this trend, traders may buy the coin at a low price and move the market higher . Meanwhile, there is a possibility of a price reversal at the mentioned support level as the market is now below 20% in the oversold region of the daily stochastic. This means that the selling mo...

Bitcoin Price Prediction – Is BTC About to Surge 20%?

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Bitcoin price prediction remains neutral to slightly bullish, as technical indicators indicate investor indecision. The BTC/USD pair is trading in a narrow range of $19,210 to $19,000. The cryptocurrency market is devoid of volatility, and investors appear to be waiting for a solid fundamental reason to trigger breakouts.  BTC Sideways Range - Source: Tradingview Let's start with the news highlights, and then I'll go over the technical outlook to determine price prediction. War-Driven Crypto Activity in Russia and Ukraine As the conflict between Russia and Ukraine worsens, so does the volume and intensity of cryptocurrency activity .  New York-based blockchain Analysis firm Chainalysis released a report on the rapidly expanding use of crypto, the vast majority of which is illegal in origin, in Eastern Europe as a preview of its forthcoming 2022 Geography of Cryptocurrency Report. Residents of both countries began engaging in significantly more activity sh...

Bitcoin Price Prediction for Today, October 10: BTC/USD Bears Could Demolish $19,000 Support

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The Bitcoin price prediction shows that BTC keeps trading below the moving averages as the coin touches $19,100 support. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,222 Bitcoin market cap – $368.6 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $22,000, $24,000 $26,000 Support Levels: $17,000, $15,000, $13,000 Buy Bitcoin Now Your capital is at risk BTC/USD is currently facing a setback as this could be a permanent one as revealed by the daily chart. The king coin is likely to have a bearish run in the short term as a price rally may help the coin to head to the south. Currently, Bitcoin (BTC) is trading around the $19,222 level after a free fall from $19,528 during the European session and the coin has shown tremendous volatility over the past few days. Bitcoin Price Predi...

Polygon (MATICUSD) Price Is Rejected at Support Level of $0.74

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Bulls dominate Polygon market Polygon (MATICUSD) Price Analysis – October 07 More pressure from buyers will break up the resistance level of $0.90, this may increase the price to $1.01 and $1.18 resistance levels. In case sellers acquire more pressure, Polygon price may reduce to the support level of $0.74 and the support level of $0.64. Key Levels: Resistance levels: $0.90, $1.01, $1.18 Support levels: $0.74, $0.64, $0.47   MATIC/USD Long-term Trend: Bullish On the Long-term outlook, MATIC/USD price is on the bullish trend . The coin was on the bearish trend last week. Sellers took over the market on September 13 at $0.90 resistance level with the formation of bearish engulfing candle. MATIC decreased below $0.74 support level. Bulls gained more momentum and returns price towards previous high at $0.90 level.  At the moment bulls are actively controlling polygon market. Polygon is trading above the 9 periods EMA and 21 periods EMA with the later above forme...