🔻 Market Takes a Hit
The crypto market lost 8% in valuation overnight, with Bitcoin dropping below $95K, and Ethereum & XRP breaking key support levels. Institutions and investors are closely watching the price action, raising concerns over further declines.
📉 Bitcoin ( $BTC ) Struggles Below $95K
BTC price fell 3% in 24 hours, with a 5.61% weekly drop. The MACD shows a bearish trend, and the 50-day EMA is nearing a negative crossover, signaling further downside risk. If bulls regain control, BTC could reclaim $100K; otherwise, it may test $90K.
📉 Ethereum ( $ETH ) Faces Heavy Sell Pressure
ETH plunged 15.44% in 24 hours, losing 17.11% this week. The RSI is nearing oversold levels, and the SMA curve suggests growing selling pressure. Holding above $2,530 could push ETH to $3,200, while a bearish continuation may drop it to $2,200.
📉 XRP Slides as Bears Take Over
XRP crashed 15% in 24 hours and 20.89% this week. The EMA 50/200-day signals a bearish trend, and MACD shows rising red histograms, hinting at further losses. If bulls step in, XRP could rebound to $3, but continued selling pressure may drive it down to $2.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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