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EUR/USD struggles to keep the latest rebound from 1.1266 around the support-turned-resistance line during the initial Asian session on Tuesday. The major currency pair stays inside a nearby descending trend channel formation around 1.1285.
GBP/USD treads water around 1.3255-60 during the early Asian session on Tuesday, following a positive daily performance. The cable pair fades the recovery strength as sluggish market sentiment and a lack of major catalysts challenge the buyers’ previous optimism surrounding Brexit and the Bank of England’s (BOE) next move.
Solana price falls below the daily Ichimoku Cloud with the Chikou Span below the candlesticks and in open space – prime positioning for a start to a bear market. However, the true extent of how bearish Solana's future price behavior could be is represented best on a Point and Figure chart.
SafeMoon price, one of the most outstanding performers of 2021, is now one of the biggest pump and dump examples of 2021. After rising nearly 600% between September 29th and October 29th, SafeMoon crashed more than 88% to create a new all-time low on December 4th.
Axie Infinity price has certainly not been immune to the massive selling pressure during and after last Saturday's flash crash. While some sub-sectors of the crypto market may recover, Axie Infinity and other metaverse cryptos have further to fall.