Why Polkadot price needs to crash more before triggering an explosive rally
Polkadot price is in a tough spot after breaching a significant support level. This development is likely to trigger a further descent before finding a stable support floor. Here, DOT bulls are likely to make a comeback and trigger a new run-up.
Polkadot price formed a double top at roughly $23.27 on February 6 and April 1. Since the second local top, DOT has crashed 40%, flipped the $15.97 support level into a resistance barrier and is currently hovering around $14.89.
Dogecoin price could fall to $0.11 as the crypto world anticipates the upcoming FOMC meeting
Dogecoin price is looking dangerously bearish as the price is failing to cover the $0.13 level. If market conditions persist, traders should expect a breach of $0.11 in the coming days.
Dogecoin price has investors on edge as the bulls have gone missing to start the month of May. Analysts have maintained that the Dogecoin price is likely to print a new low within the $0.11 zone to finalize Wave D within the forming DOGE triangle.
Fantom price presents buying opportunity before FTM returns to $1
Fantom price action has few peers regarding the massive losses it sustained in April. However, the breadth of the selling has yielded some extreme oversold conditions that point to a likely very powerful mean reversion trade setup.
Fantom price action in April was a slaughter fest. In just thirty days, Fantom fell from the April 1 open of $1.43 to the April 30 close at $0.6847 - a loss of 52%. Since then, FTM has had a marginal recovery to $0.78.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC & ETH rebound, XRP rallies ahead of CPI data
Bitcoin and Ethereum prices continue to recover on Wednesday after finding support around their key levels this week. On the other hand, Ripple remains strong and found support around its upper symmetrical triangle boundary.
Ripple donates $100,000 to California wildfire relief efforts; XRP investors anticipate SEC's opening brief
Ripple is up 5% on Tuesday following recent positive developments surrounding its ecosystem and JP Morgan's prediction of over $8 billion in inflows into XRP ETF if it gains approval from the Securities and Exchange Commission.
Bitcoin could lose its diversification status as correlation with stocks increases
Bitcoin's rising correlation with the traditional stock market is gradually affecting its role as a portfolio diversifier. This trend has been visible following Bitcoin's similar reactions to the S&P 500 upon macroeconomic data releases.
Crypto Today: BTC taps $97K, DOGE and XRP in green as SEC sues Musk ahead of Trump Inauguration
The cryptocurrency sector rose by 2.4% on January 14, with the aggregate market capitalization crossing $3.3 trillion. Bitcoin price reclaimed the $97,000 resistance level, with technicals signaling upside ahead.
Bitcoin: Room for a recovery or continuation of the pullback?
Bitcoin’s price slightly recovers and trades around $94,700 on Friday after declining nearly 6% earlier this week. US Bitcoin spot Exchange Traded Funds data shows signs of mild recovery, with a total net inflow of $462.2 million until Thursday.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.