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Tag: Correction

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Correction or Bull Trap? Analysts Split as Bitcoin (BTC) Eyes $90,000 Resistance

In Brief Bitcoin faces key resistance at $91,000 to $92,000, with $83,000 as crucial support; current movement suggests a typical correction. Analysts highlight market resilience and rising derivatives activity as signs BTC could soon break above $90,000. Long-term forecasts from experts like Arthur Hayes and Robert Kiyosaki predict BTC reaching up to $200,000 by end…
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Hedera Struggles to Maintain Momentum After 40% Correction

In Brief Hedera climbs above $0.21 but struggles to confirm a bullish reversal after a 41% correction in the past 30 days. ADX at 23.2 signals weak trend strength, while the Ichimoku Cloud setup reinforces bearish momentum and strong resistance. EMAs remain bearish, with key support at $0.17; a breakdown could trigger a 42% drop,…
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Hedera (HBAR) Sheds Its Recent Gains, Risks Further 18% Correction

In Brief Hedera price plunges 12.5%, with trading volume nearing $1B, as bearish indicators like ADX and Ichimoku Cloud highlight downside risks. ADX drops to 27.9, signaling a weakening downtrend, though selling pressure remains strong; consolidation may follow if momentum fades. A death cross could lead HBAR to $0.23, but holding key supports might enable…
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Dogecoin (DOGE) Correction Remains Due Amid Waning Optimism

In Brief Dogecoin’s price, despite the short-term recovery, is still vulnerable to further corrections on the daily chart. The investors have been pulling back from the meme coin, which is evident in the OI dropping by 1 billion. Their optimism has been missing since the beginning of the month and could stay that way for…
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Avalanche (AVAX) Analysis: This Death Cross Could Extend the Correction

In Brief Avalanche price will potentially continue the ongoing decline as Death Cross takes place on a 12-hour chart. Price indicators are also suggesting that bearish cues are gaining strength. Investors do not seem to be very bullish either, given their sentiment is mostly pessimistic. Avalanche (AVAX) price is among the few altcoins showing signs of…
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