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Ethereum has been a major victim of the ongoing crypto market onslaught, recording a 27.63% loss in the last month alone. The largest altcoin now trades around $2,800, representing a significant fall from the local cycle peak around $4,800. As prices continue to tumble with each new drop triggering waves of liquidation, analyst Ali Martinez has postulated on a market bottom target.
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The crypto market continued to trade in red early Saturday, extending a sell-off fueled in part by liquidity shortage that followed October's sell-off and liquidation event.
At the time of writing, Solana was trading unchanged in the last 24 hours at $125.94, and down 11% weekly, extending a drop from Nov. 14 into the fourth day.
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Dogecoin price started a fresh decline after it closed below $0.1620, like Bitcoin and Ethereum. DOGE declined below the $0.160 and $0.1550 support levels.
The price even traded below $0.150. A low was formed near $0.1448, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1593 swing high to the $0.1448 low. There is also a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair.
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Asiftahsinvip:
thank you so much for the information
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Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment.
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Bitcoin’s (BTC) drawdown on Monday pushed the asset into a 26.7% loss, narrowly overtaking the 26.5% slide seen in April, and marking the steepest correction of the current bull market. The move red-lined multiple market structure indicators, suggesting the current correction could be a final leverage washout phase.
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XRP price attempted a recovery wave above $2.30 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.250 and $2.20.
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XRP price attempted a recovery wave above $2.320 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.30 and $2.250.
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The Bitcoin price has ostensibly continued down in its bearish direction, which started in the second week of October. After slipping beneath the psychological $100,000 support, worries have surfaced among Bitcoin market participants regarding the broader market structure. Interestingly, the latest on-chain evaluation justifies this worry, as the downside bias for the Bitcoin price seems to be on the rise.
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Bitcoin fell to $94,000 on Friday, driving concerns of further liquidation and heading towards a yearly low of $76,000. BTC faces growing downside pressure after dropping under its 365-day moving average, a level that has defined the current bull cycle’s support.
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Bitcoin’s sharp fall from nearly $126K to below $95K has wiped out over $680 billion, shaking confidence across the market. With fear rising and traders unsure what comes next, a key question has been circulating: Should you wait for the perfect bottom, or keep buying slowly over time
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VIKI05vip:
Jump in 🚀
XRP price attempted more gains above $2.50 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.450 and $2.420.
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The cryptocurrency market found a reason to be optimistic again, and this time not from thin-air narratives or ETF paperwork but from a surprisingly loud rumor about a fresh batch of so-called "helicopter money" hitting American households, which instantly pushed Bitcoin from $101,000 to $104,000 in a matter of hours and sent Dogecoin up almost 5% before the move faded.
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XRP price has dropped 3% in the past 24 hours, currently trading at $2.38, as market sentiment turns cautious ahead of the highly anticipated Canary XRP ETF launch. The token briefly touched a high of $2.48 before retreating, while trading volume plunged over 40%, signaling reduced activity from retail traders.
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Ethereum price managed to stay above $3,200 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $3,350 and $3,400 resistance levels.
There was a break above a bearish trend line with resistance at $3,350 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. The upward move was such that the price spiked above $3,620.
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Bitcoin (BTC) recently bounced from the $100,000 level, sparking hopes of a bullish reversal. However, traders remain cautious, as this rebound could also be a temporary bull trap. With key resistance looming around $105,000–$106,000, the market’s next move will be critical in determining whether BTC can sustain an upward trend or resume its downtrend.
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Polkadot’s price action is beginning to hint at a possible shift in momentum, with a reversal setup forming just below the critical $2.85 level. The bulls are gradually building pressure, eyeing a breakout that could confirm a change in trend. Still, the presence of strong resistance overhead means the coming sessions will be crucial in determining whether DOT can break free or face another rejection.
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Ether’s latest sell-off was stopped at $3,000, as bulls aggressively defended this level. ETH has since recovered to current levels above $3,300, increasing the odds that the price was unlikely to drop lower, backed by several onchain and technical data.
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Historically, when XRP saw such hard rejections at the upper range, it slipped not only to that mid-level but even further below it. In 2022, a similar setup led to a 69% correction before the market went on a 884-day accumulation
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Dogecoin's volume surge coincides with a broader market sell-off, which saw $1.7 billion in liquidations. DOGE was liquidated for $22 million, with longs accounting for the majority at $16.92 million.
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Ethereum price failed to stay in a positive zone and started a fresh decline below $3,550, like Bitcoin. ETH price declined below $3,500 and $3,450 to enter a bearish zone.
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GateUser-37edc23cvip:
nice possssssssst goooood
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