The Shiba Inu price chart shows a reversal from the support trendline of the falling channel. However, the price jump acts as a retest of the bearish breakout of the falling channel. Hence, the sudden increase in buying pressure may soon succumb to drive the price lower.  Key technical points:  The SHIB token price finds

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The week begins in red and there is no stoppage for the sellers till now. Ethereum (ETH) trades at $2,337.04, down 9% on Saturday. The previous day witnessed a single largest one-day percentage fall since June 21. The downside move is echoed by Ethereum’s market cap, which is being pushed down to $291.21B of the

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Terra (Luna) price breached $60.0 briefly before recovering back to the psychological level on Saturday. LUNA extends its two-days decline after failing to hold highs near the long-term horizontal resistance near $87.91. Terra’s (LUNA) price is not immune to the global sell-off in the crypto market. The loss is limited due to the launch of

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The bearish cartel has capitulated the entire crypto-space and almost all the assets have dropped significantly. The global market capitalization has dropped more than 11% for the second consecutive day, which is now feared to drop below $1.5 billion, if the plunge continues for another day. In such cases, consolidation appears to be the best …

Shiba Inu’s (SHIB) price extends the previous sessions downward moment on Saturday. At the press time, SHIB is trading at, down 11% for the day. After a sharp sell-off on NASDAQ, the crypto currency market hit the fresh lower grounds. Market participants are expecting a further continuation of downside momentum, with a possibility of $0.000015.

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Seller-driven market undermines the falling channel in the SHIB coin price chart. Will the downtrend reach the $0.000015 mark? SHIBA INU’s website invites dog-inspired artists from around the world to promote an “artistic Shiba movement” as they expand the SHIBA INU community into the NFT market. It has also created an initiative using Amazon Smile in order to solicit donations to help rescue live Shiba Inu dogs by partnering with The Shiba Inu Rescue Association. Bitstamp is the largest crypto exchange in Europe has announced that it will offer Shiba Inu to trade in 2022, at the start of the year. Korbit is one of the South Korean exchanges, becoming the first exchange in the country to offer the SHIB token in 2021. Let us move ahead to read about Shiba Inu’s technical analysis. Past Performance of SHIB SHIB coin price succumbs under the selling pressure during the retest of the rising channel breakout, mentioned in our previous article. The coin price decreased by 25% in the past 24 hours, resulting in the creation of a bearish engulfing candlestick. Moreover, the price dives back within the falling channel. SHIB/USD Daily Chart SHIB Technical Analysis The SHIB coin price fails to rise after touching the resistance trendline of the falling channel to retest the bullish breakout. As the price re-enters the falling channel and breaks below the $0.000020 mark, a downfall to $0.000015 is possible. The declining Crucial Exponential Moving Averages on the daily chart provide a bearish crossover between the 50-day and 100-day averages. Additionally, the SHIB coin price trends are lower than the 200-day EMA. The MACD indicator shows the MACD and signal lines diverging, giving a bearish crossover after the recent merger. Moreover, the restart of the falling histogram in the daily chart. The Ultimate Oscillator indicator at 27 reflects a rise in underlying selling pressure as the slope enters the oversold zone. Therefore, the indicator hints at a bearish continuation to $0.000015. In conclusion, the technical indicators showcase a plausible continuation to $0.000015 with the increased trend momentum. Upcoming Trend With the failure of the bullish breakout retest of the falling channel, the SHIB coin price falls under the $0.000020 mark. Moreover, the bearish crossover of the 50 and 100-day EMA increases the bearish attention for the coin price.  The price action shows the support levels present at $0.000015 and $0.000012 present within the falling channel. In case the price gives lower price rejection to rise higher, the resistance level at $0.000020 and $0.000025. At press time, the technical analysis by TradingView gives “STRONG SELL” for the SHIB token. Technical Analysis for SHIBUSD by TradingView

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Cardano (ADA) price falls for the fifth straight session on Saturday. The Digi currency is on the lookout to hit a fresh all-time low. At the press time, Cardano is trading at $1.0934, down 10.27% for the day. This is the second single-day fall after the previous session’s record sell-off. Cardano (ADA) price hit the

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The rising selling pressure teases a fallout to $3 in the THETA coin price with the crashing crypto market. Is it time to exit? Theta was co-founded by Mitch Liu and Jieyi Long in 2018. Liu has a long-standing history in the video and gaming industries. He co-founded the video advertising company Tapjoy, as well as the mobile social gaming company Gameview Studios and THETA.tv. It is the live streaming platform that’s the DApp which became the initial one to be developed using Theta protocol. Theta’s primary business idea is decentralizing data streaming, video streaming, and edge computing to make it more cost-effective, efficient, and fair to all participants in the industry. Let us move ahead to read about Theta Network’s technical analysis. Past Performance of THETA THETA coin price fell more than 30% in the past 72 hours resulting in the fallout of $4. Moreover, the falling prices break below the descending triangle mentioned in our previous article. The pattern fallout drives the prices lower to the $3 mark that may soon collapse under the extreme selling pressure. Therefore, traders can shortly find a selling opportunity. THETA/USD Daily Chart THETA Technical Analysis With a downfall of more than 20% in the past 24 hours, the THETA coin price heads lower to break the $3 mark. Moreover, the consecutive bearish candles formation indicates a rise in trend momentum and forms three black crows formations.  The falling crucial Simple Moving Averages (20, 50, 100, and 200) in the daily chart maintain a bearish alignment. The price descends under the bearish SMAs with the 20 and 50-day SMA providing dynamic resistance.  The MACD indicator shows a bearish takeover as the fast line crosses below the slow line in the daily chart. The histograms are yet to give significant movement, but the lines below the zero line suggest a bearish trend in action. The Momentum indicator at -1.16 shows an extremely bearish trend as the slope spikes below the zero line in the daily chart. The next possible support for the slope is at -1.75, which can push the slope higher.  In a nutshell, the technical indicators showcase a boom in the underlying selling pressure as the clouds darken over the crypto-verse.  Upcoming Trend The falling THETA coin price under extreme selling pressure may shortly break below the $3 mark. The breakout will bring an excellent selling spot for traders as the market takes a bearish route.  The price action shows the support levels present at $2.5 and $2 present below the $3 mark. However, if the bulls manage to find some momentum, the resistance at 20 and 50-day SMA will be hard to break above. At the time of writing, the technical analysis widget by TradingView gives a “STRONG SELL” for the THETA coin. Technical Analysis for THETAUSD by TradingView

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The fallout of $2 increases selling pressure in the MATIC coin price. Will the 200-day SMA stand strong or succumb under bearish power? Polygon’s new features are built on the technology that has been proven to increase the capacity to meet the diverse requirements of the developer-based ecosystem. It continues to improve its core technology to ensure that it is able to scale to accommodate a wider ecosystem. Polygon boasts the ability to process up to 65,000 transactions every second in one side chain and a solid block confirmation speed of fewer than 2 seconds. Polygon also permits the creation of global decentralized financial apps using a single blockchain. Let us move ahead to read about Polygon technical analysis. Past Performance of MATIC MATIC coin price action shows a fall of almost 30% in the past week due to the increased selling pressure all over the market. The breakout of the head-and-shoulders pattern, mentioned in our previous article, is below the $2 support. The fallout results in a downfall of almost 15% within 24 hours, resulting in the formation of a bearish engulfing candlestick.  MATIC/USD Daily Chart MATIC Technical Analysis The MATIC coin price shows a rise in bearish trend momentum and selling pressure. It is evident by the pattern breakout and a 20% jump in trading volume. Moreover, the price falls below the $1.70 mark as it heads lower to the $1.5 mark. The falling 20-day SMA breaks below the 50-day SMA as it heads lower to the 100-day SMA to give another bearish crossover. Moreover, the price breaks below all the SMAs except the 200-day line as it struggles to find support near it.  The MACD indicator shows the MACD and signal lines cracking below the zero line in the daily chart. With the increasing trend of falling histograms and increasing gap between the fast and slow lines, the rise in selling pressure is crystal clear.  The Momentum indicator shows a downfall in the slope below the zero line in the daily chart. The slope at -0.72 shows a sudden jump in the underlying bearish momentum. Therefore, the technical indicators suggest a growth in bearish power as the price breaks below the $2 mark. Moreover, the 200-day SMA breakout seems imminent. Upcoming Trend The MATIC coin price action shows growth in underlying selling pressure after the fallout of the rising channel and the support level at $2. The increased bearish trend momentum may shortly break below the 200-day SMA to reach the $.5 or $1.2 mark. However, if the prices find support near the 200-day SMA, the resistance levels are at $2 and $2.15. At press time, the technical Analysis by TradingView gives a “SELL” signal for the MATIC coin. Technical Analysis for MATICUSD by TradingView

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Cardano price spiked heavily amid the recent announcement of the very first DEX on its blockchain SundaeSwap. However, now when the DEX is live, the ADA price is yet again scumbling down the support levels. While some believe the asset could flip the downtrend soon, yet the technicals point out towards a deep bearish well …

Bitcoin (BTC) price continues to drop considerably, today is not an exception with 4% losses. BTC has been in a bearish outlook after the recent as it sliced through the $44k congestion zone. Bitcoin price slumps 4% on Friday with a bearish sentiment. The recent correction in the price is expected to continue. BTC tumbles

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Bitcoin cash price started a fresh decline from the $400 resistance against the US Dollar. The price is now trading below the $380 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $365 on the 4-hours chart of the BCH/USD pair (data feed...

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