Crypto Blog
A recent rejection from Polkadot’s 200-day moving average has sparked a significant downturn, bringing the cryptocurrency’s price closer to the lower boundary of its sideways trading range, marked at $6.
As the cryptocurrency now approaches the lower boundary of the range, sellers are poised for a potential bearish breakout. However, Polkadot is now teetering on the edge of breaking below this crucial demand zone, hinting at a potential fresh bearish momentum. Upon analyzing the graph, it becomes apparent that simultaneous with a period of sideways consolidation, both Open Interest and funding rates have significantly decreased, fluctuating near their lowest points.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
39 Affordable Products That Give Luxury VibesFilter: price high-to-low vibes for a filter: price low-to-high budget.
Read more »
Silver Price Analysis: Silver price could be forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart which bodes ill for the precious metal’s price going forward.
Read more »
Silver Price Analysis: Silver price forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart with negative implications for the precious metal’s price going forward.
Read more »
Heres When Red Sox Newcomer From Chris Sale Trade Will Make Team DebutThe Boston Red Sox recently acquired infielder may see the big leagues as soon as next week.
Read more »
Apple's 2023 iMac drops to a record-low priceKris Holt joined Engadget as a contributing reporter on the news desk in 2018. He has been writing about technology, games, streaming and entertainment for over a decade after starting his career as a sub-editor on a local newspaper. Kris holds a Master of Arts degree in English from the University of Dundee.
Read more »
GBP/USD Price Analysis: Downtrend remains, despite bouncing off the daily lowIn early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers.
Read more »