Dogecoin price analysis, DOGE price, DOGE holders. Photo by BeInCrypto Dogecoin’s price has failed to sustain its recovery momentum, slipping below the $0.200 mark amid rising bearish pressure. The meme coin leader is showing signs of weakness following a sharp decline in market sentiment.  Technical indicators suggest that the downtrend could deepen in the coming days as selling pressure builds. Dogecoin Whales Move To Sell Dogecoin’s Exponential Moving Averages (EMAs) have now formed a Death Cross — a ...

Market Sentiment - Bitcoin prediction market sentiment has shifted, with 52% of traders now expecting Bitcoin to reach $120,000 first, compared to 75% just three days ago who believed it would hit $100,000 first [1] - The broader crypto market is experiencing a recovery from its worst October performance since 2019, with Bitcoin currently trading around $110,000 and up 1.75% over the last 24 hours [2] Technical Analysis - The Fear & Greed Index is at 29, indicating "fear" in the market, while U.S. Bitcoin ETFs experienced $366 million in outflows [3] - Bitcoin's Relative Strength Index (RSI) is at 44.15, suggesting strong selling pressure as it remains below the neutral 50 line [3] - The Average Directional Index (ADX) is at 27, indicating a "weak" trend, suggesting that the current downtrend could reverse or stall [4] - The 50-day Exponential Moving Average (EMA) is above the 200-day EMA, which is typically a bullish signal, but Bitcoin is currently trading below the fast-moving average [5]

Core Insights - Hedera (HBAR) is experiencing a trend reversal after struggling to maintain bullish momentum, with current technical indicators suggesting a potential failure of the bullish setup [1][6] Group 1: Technical Indicators - A Death Cross is imminent as the 50-day EMA approaches the 200-day EMA, signaling a bearish shift in market structure [2] - This marks the end of a three-month Golden Cross that had previously supported upward movement, leading to increased selling pressure among traders [3] - HBAR is currently trading at $0.159 and is within a descending broadening wedge pattern, which is typically bullish but may fail under current conditions [6] Group 2: Market Sentiment - The funding rate in the HBAR derivatives market shows significant fluctuations, indicating uncertainty among Futures traders and a lack of conviction in market direction [4] - Without a clear bias, HBAR may remain range-bound or decline further as liquidity decreases, necessitating a return of investor confidence for recovery [5] Group 3: Price Projections - If bearish pressure intensifies, HBAR could drop below $0.154, targeting $0.145 in the near term [6] - Conversely, if the bullish pattern holds, HBAR could rise above $0.180 and $0.188, potentially reaching $0.198, which would invalidate the bearish outlook [7]

Market Overview - The Average Directional Index (ADX) for Bitcoin is at 18, indicating a lack of clear trend in the market, with Bitcoin trading sideways for weeks [1] - The Relative Strength Index (RSI) for Bitcoin is at 52, suggesting a neutral market where neither bulls nor bears have decisive control [2] - Bitcoin has shown a measured recovery, gaining 1.85% to close at $113,985, with an intraday peak of $114,309 [3] Economic Context - The Federal Reserve cut its benchmark rate by 25 basis points to a range of 4.00%-4.25%, with ongoing uncertainty around inflation [4] - The total market capitalization of cryptocurrencies has rebounded to $3.91 trillion, up 3.29% in the past 24 hours, with 95% of the top 100 cryptocurrencies posting gains [5] Technical Indicators - Bitcoin's 50-day EMA is above the 200-day EMA, indicating bullish sentiment, but the gap is closing, which may lead to a "death cross" formation if the trend continues [7][8] - The ADX for Solana is at 27, suggesting that bulls maintain control despite modest gains [14] Predictions and Sentiment - On Myriad, traders place the odds at 46% that Bitcoin will hit $125K before $105K, reflecting a cautious market sentiment [9] - Predictions for Solana hitting a new all-time high have dropped to 40%, down from 65% just over a week ago [16] Key Levels - Immediate support for Bitcoin is at $108,000, with resistance at $114,309 and strong resistance at $117,000 [12] - For Solana, immediate support is at $204.82, with strong support at $200.00 and immediate resistance at $213.58 [18] Upcoming Events - The upcoming SEC decisions on Solana ETF applications could serve as a catalyst for institutional flows, with a 90% approval chance estimated by Bloomberg analysts [15]

Market Overview - Bitcoin has fallen below $113,000, with the overall crypto market declining 3.8% to under $4 trillion, indicating a potential red monthly candle for Bitcoin, which historically performs poorly in September [1] - Traditional financial markets, such as the S&P 500, are performing well, hovering near all-time highs, while digital assets are facing significant losses, with only five coins in the top 100 by market cap remaining positive [2] Bitcoin Price Analysis - Bitcoin opened at $115,275 but closed at $112,769 after a 2.19% drop, briefly hitting an intraday low of $111,986, which is close to a critical support level [3] - The Relative Strength Index (RSI) for Bitcoin is at 44, indicating weakening momentum and suggesting that Bitcoin may have room to fall further before reaching oversold territory [4] - The Average Directional Index (ADX) for Bitcoin is at 17, indicating a lack of clear trend and potential for volatile price movements, as upward momentum has diminished [5] Technical Indicators - For Bitcoin bulls, the exponential moving averages (EMAs) provide some hope by indicating current levels of price support and resistance over various time frames [6]