Bitcoin’s Key Resistance Stall Could Send it Tumbling Much Lower: Analysts
Bitcoin is in danger of falling much lower, possibly to a new bear market low after failing to break key resistance.
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Dogecoin started a recovery wave above the $0.1040 zone against the US Dollar. DOGE is now facing hurdles near $0.1075 and might struggle to continue higher. DOGE price started a recovery wave from $0.1020 and climbed above $0.1040. The price is trading below the $0.1075 level and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.1040 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.1020. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.1020 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1035 and $0.1040 resistance levels. There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1021 low. Besides, there was a break above a bearish trend line with resistance at $0.1040 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading belo
Read full articleBitcoin is in danger of falling much lower, possibly to a new bear market low after failing to break key resistance.
XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3940. XRP price started a recovery wave above the $1.3620 zone. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3940. XRP Price Eyes Recovery XRP price remained supported above $1.3450 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3550 and $1.360 to enter a short-term positive zone. More importantly, there was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair. However, the bears could be active near the $1.3820 zone and the 23.6% Fib retracement level of the downward move from the $1.5495 swing high to the $1.3465 swing low. The pr
Bsquared Technology Pte Ltd has no auditors to answer to yet — but it will. Singapore’s central bank has ordered the crypto firm to produce a closure certificate confirming that all customer funds have been returned. The company told regulators it holds no outstanding customer assets. Related Reading: Kraken Slashes 150 Roles While Ramping Up […]
Ethereum price started a recovery wave above the $2,110 zone. ETH is now consolidating and might struggle to continue higher above the $2,150 resistance. Ethereum started a recovery wave above the $2,120 zone. The price is trading below $2,140 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 zone. Ethereum Price Eyes Recovery Ethereum price remained bid above the $2,065 support zone, like Bitcoin. ETH price formed a base and started a recovery wave above the $2,080 resistance. The price surpassed the 50% Fib retracement level of the downward move from the $2,198 swing high to the $2,075 swing low. Besides, there was a break above a bearish trend line with resistance at $2,110 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average. If the bulls
Dogecoin spot ETFs are showing a clear pickup in May inflows, with SoSoValue data pointing to $2.15 million in net additions so far this month and no recorded outflow day in the period shown. The numbers remain small in absolute ETF-market terms, but they mark the strongest monthly inflow total for DOGE products since January and suggest that demand has reappeared after several quieter months. The May data gives DOGE ETF bulls a cleaner talking point than in prior months: inflows have returned, the monthly total has already reached $2.15 million, and the product group remains net positive every month since its November 2025 launch. Still, the scale is important. The inflows are meaningful for DOGE’s young ETF market, but they remain modest in absolute terms and are concentrated across only a handful of trading days rather than showing steady daily accumulation, according to SoSoValue data. Dogecoin ETF Momentum Builds Again From May 1 through May 19, DOGE spot ETFs recorded five positi
Bitcoin price started a recovery wave above the $76,800 zone. BTC is consolidating and might aim for more gains if it clears the $78,300 resistance zone. Bitcoin managed to form a base above $76,000 and started a recovery wave. The price is trading above $77,200 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $77,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $79,000 zone. Bitcoin Price Eyes Fresh Upside Break Bitcoin price remained supported above the $76,000 zone. BTC formed a base and settled above $76,500 to start a recovery wave. There was a move above the $76,650 and $77,000 levels. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,020 low. Besides, there was a break above a bearish trend line with resistance at $77,200 on the hourly chart of the BTC/USD pa
Profit-taking by Bitcoin traders pushed the Coinbase BTC premium to a six-week low, but demand from longer-term traders put a clear support under the range lows.