Bitcoin Price Weakness Persists, Traders Brace For Possible $75K Test

XRP price extended losses and traded below $1.420. The price is now consolidating losses and faces hurdles near $1.40 and $1.4350. XRP price started another decline and traded below the $1.420 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.420. XRP Price Extends Losses XRP price failed to stay above $1.4350 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.4250 and $1.420 to enter a short-term bearish zone. The price even extended losses below $1.40. A low was formed at $1.3630, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.5496 swing high to the $1.3630 low. The price is now trading below $1.420 and the 100-hourly Simple Moving Average. If there is a fresh rec

BNB monthly chart signals a third accumulation zone as price trades near $649 after pulling back from $690 resistance. BNB traded near $649.48 as traders reviewed a monthly chart setup described as a third major accumulation zone. The view came as BNB pulled back from recent resistance, while long-term targets remained part of the technical […] The post BNB Monthly Chart Signals Third Major Accumulation Zone For Bulls appeared first on Live Bitcoin News.

Bitcoin has witnessed a drop back below the $77,000 level, and with it, the cryptocurrency has lost its recovery above the short-term holder cost basis. Bitcoin Has Fallen Under The STH Realized Price In a new post on X, analyst Maartunn has talked about how BTC’s move above the short-term holder Realized Price ended in rejection. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor or address on the Bitcoin network. Related Reading: Ethereum Sell Signal That Last Preceded A 63% Drop Flashes Again When the spot price of the cryptocurrency is greater than this metric, it means the investors as a whole are in a state of net unrealized profit. On the other hand, the asset being under the indicator implies the dominance of loss on the blockchain. In the context of the current topic, the Realized Price of a specific investor group is of interest: the short-term holders (STHs). This cohort includes all addresses that purchased their c

Ethereum price started a fresh decline and traded below $2,120. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a sharp decline. The price is trading below $2,165 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,200 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,200 and started a downside correction, like Bitcoin. ETH price dipped below the $2,165 and $2,150 levels. The price even traded below $2,020. A low was formed at $1,914 on Kraken, and the price is now attempting to recover most losses. There was a recovery wave above the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. Ethereum price is now trading below $2,165 and the 100-hourly Simple Moving Average. Beside

ADA faces downside risk after rejection at channel resistance, with support near $0.22 and price trading around $0.25. Cardano traded near $0.2500 after a 1.61% daily decline on the Capital.com chart. The move came as ADA remained under pressure after rejection at the upper trendline of a descending channel. ADA Rejected At Channel Resistance Cardano […] The post ADA Faces Fresh Downside Risk After Rejection At Channel Resistance appeared first on Live Bitcoin News.

While the rest of the crypto market has shown more signs of an intensifying bear market, Zcash (ZEC) is making major waves. Over the last 30 days, the privacy-focused coin has surged by around 60%, while Bitcoin (BTC) and Solana (SOL) have remained relatively quiet, each slipping by single digits in the same timeframe. Nevertheless, Alex Cardichi, market expert from The Motley Fool, argues that Bitcoin, Solana and Zcash have several potential catalysts remaining this month that could trigger a fresh rebound rally. Bitcoin Could Aim For $100K, Solana Prepares Alpenglow In his latest report, Cardichi starts by discussing Bitcoin, citing the United States’ holdings of around 328,000 seized coins. He refers to comments made by White House advisor Patrick Witt on 6 May, when Witt revealed that a significant update on the Strategic Bitcoin Reserve is anticipated ‘in the next few weeks’. Cardichi argues that a positive announcement, especially one that provides clearer details on the status o

Kraken’s plan to go public in the US may have to wait until 2027. The crypto exchange, formally known as Payward, laid off about 150 workers last week, a move that has pushed back its initial public offering timeline by at least a year, Bloomberg reported, citing a person familiar with the matter. Related Reading: […]