Bearish news

A market condition characterized by falling prices.

World latest news

XRP Price Looks Bound to Drop Below $0.3 as Bears Won’t Relent

As the day trucks along further, it seems there is no real improvement in terms of overall market trend. The top markets remain subdued and there is no real enthusiasm among traders to speak of. For the XRP price, it remains to be seen if and when the price will drop below $0.30. The current mounting pressure seems to indicate this is merely a matter of time. XRP Price Shows no Signs of Recovery Under normal circumstances, one wouldn’t expect XRP to follow Bitcoin’s negative trend so blindly. This time around has proven to be very different in that regard, although it remains a big mystery as to why this is happening as of right now. While the world’s leading cryptocurrency remains bearish first and foremost, it seems the other markets will face their own share of bearish pressure for some time to come. That in itself is not what traders and speculators have hoped for, but it seems unlikely anything will change in the foreseeable future. Over the past 24 hours, the XRP price has lost another 2.24% in USD value to drop down to $0.301. There is another 0.31% loss in XRP/BTC, which pushes that ratio down to 7m642 Satoshi. Not entirely surprising where this latter development as concerned. However, it also confirms the 8,000 Satoshi level is well out of reach for this popular asset as of right now, which will displease a lot of holders.  A drop to 7,500 Satoshi seems rather plausible at this point, although there is no real indication as to how the markets will evolve exactly. When looking across social media, it seems there are a lot of different opinions regarding XRP and Ripple. Cryptoguru075 expects there to be a lot of bearish pressure moving forward. Claiming Ripple hasn’t released any news for a full year might be a bit of a stretch, though, There have been quite a few key developments, although it remains to be seen if there can be any meaningful impact for XRP in the process. #XRP holders on suicide watch. The final shakeout is taking place. @Ripple not releasing news for over a year on purpose is exactly what whales want. — God (@cryptoguru075) March 26, 2019 Berite is speculating how exchanges might be dumping their XRP all of a sudden. It is remarkable to see someone openly name Binance in this regard, even though there is zero indication that company – or any other – is effectively liquidating XRP. There wouldn’t be any reason for doing so either, as XRP is simply following Bitcoin’s bumpy trend as of right now. No manipulation appears to be taking place, especially with such bleak trading volume. It is uncanny what traders come up with when the momentum remains bearish for more than a few hours. This tweet has been deleted ever sicne it was first pointed out, unfortunately.  For those who are mainly interested in the actual price chart, it is evident the coming hours will prove to be crucial in many different ways. If the trendline is broken, there may very well be a drop to $0.28 or slightly lower in the coming days. Most of this will depend on what happens to Bitcoin first and foremost, as that market dictates the overall momentum. For XRP, things simply are not looking great, unfortunately. Moment of truth time for #xrp pic.twitter.com/7ChVBXhMCr — XRPress (@XRPress) March 26, 2019 All of the market momentum seems to confirm there will be even further bearish pressure across all markets. While traders will not like this in the slightest, there is no remote indication things will turn around on a dime. Hourly candles still remain bearish for all top markets, which only further confirms the bear market is not over. How low all of these markets will go in the coming hours and days, remains to be determined. Anything is possible in this industry. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post XRP Price Looks Bound to Drop Below $0.3 as Bears Won’t Relent appeared first on NullTX.
NullTX

Yahoo! Japan Enters Crypto Despite Bear Market, Plans May 2019 Launch of Bitcoin Exchange

Taotao, a crypto exchange based in Japan, is planning to launch in May with the approval of Japanese authorities. According to a CNBC report in April 2018, Yahoo! Japan said that it will acquire a 40 percent stake in BitARG Exchange Tokyo, which has since reportedly been rebranded to Taotao. “Yahoo Japan Corp said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange, becoming the latest major Japanese financial services provider to shrug off security concerns and join the digital money industry,” the report read. Prior to that, in March 2018, CCN reported that Yahoo! Japan The post Yahoo! Japan Enters Crypto Despite Bear Market, Plans May 2019 Launch of Bitcoin Exchange appeared first on CCN
CCN

Tron Market Is Yet to Make a Significant Reversal Following a Medium-Term Bearish

Tron (TRX) Price Analysis – March 26 Recording a high of $0.0358 in early January, Tron market has remained substantially low as a result of low trading volume which is now estimated at $251.7 million. However, TRXUSD seems to be gaining recovery for the last two weeks, while TRXBTC is about to reverse the trend. In the last 24-hours, Tron holds a market cap valuation of $1.5 billion, losing 2.24%. TRX/USD Market Key Levels: Resistance levels: $0.0246, $0.026, $0.028 Support levels: $0.0215, $0.019, $0.018 For the past two weeks, TRXUSD has been maintaining a rising wedge pattern after a touch at $0.0245 high which was followed by a retrace to the base of the trend line. As appeared on the current 4-hours RSI, the token is trading near the oversold line. TRXUSD, 4H Chart – March 26 Tron market is now stabilizing at around $0.0227 price level in the last 4-hours of trading; sitting on the lower trend line. A breach on the lower channel could send price to early March support at $0.0215 and beyond. Looking at the 4-hours Stochastic RSI, a potential buy is suggested. The major resistance level to watch out for is $0.0246. Above the wedge lies a $0.026 and $0.028 resistance levels. However, this pair still ranges within the rising wedge. TRX/BTC Market Tron has been on a medium-term decline after a slight retracement to the peak of 620 SAT in early March before resuming back the slope trend to the near of 550 SAT low; respecting the yellow trend line as the 4-hours RSI significantly trends below the 58 level. TRXBTC, 4H Chart – March 26 Two days ago, TRXBTC saw a surge to 610 SAT creating a resistance above the trend line before retesting the break-out level at 560 SAT support level. At this level, a possible rebound is more likely to rise price to the previous resistance level at 610 SAT. Surpassing the resistance level could trigger a bull run. Breaking down 560 SAT level, however, could slump TRX to a more bearish condition bottoming at 520 SAT support area. The current 4-hours Stochastic RSI suggests pressure at the lowest level as buying pressure compounds; signaling a bullish move. Please note: Cryptovibes.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. The post Tron Market Is Yet to Make a Significant Reversal Following a Medium-Term Bearish appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Ethereum Price Analysis: Market Turned Bearish, Targets New Monthly Lows

Ethereum price failed to stay above the $140 support area and declined recently against the US Dollar. ETH broke the key $134 support and the 55 simple moving average (4-hours) to move into a downtrend. There was a break below a crucial bullish trend line with support at $135 on the 4-hours chart (data feed from Coinbase). The price is now trading in a bearish zone and it may continue to slide towards $130 or $126. Ethereum price turned bearish after it broke the $135 support against the US Dollar. ETH is likely to continue lower and it may test the $130 or $126 support level in the near term. Ethereum Price Analysis After a sharp upward move, Ethereum price topped near the $147 level against the US Dollar. The ETH/USD pair started a steady decline and moved below the $144 and $140 support levels. The pair even broke the $138 level and the 50% Fib retracement level of the last leg from the $127 low to $147 high. Later, there were range moves above the $135 support and the 55 simple moving average (4-hours). Buyers continuously faced sellers near the $138 and $140 resistance levels. As a result, there was a bearish break below the $136 and $135 support levels. More importantly, there was a break below a crucial bullish trend line with support at $135 on the 4-hours chart. The pair settled below the $135 support and the 55 simple moving average (4-hours). Besides, there was a break below the 76.4% Fib retracement level of the last leg from the $127 low to $147 high. The price traded close to the $130 support level and it recently corrected higher. An initial resistance on the upside is near the $135 level (the previous support). There is also a connecting bearish trend line in place with resistance at $134 on the same chart. Finally, the 55 simple moving average (4-hours) is positioned near the $136 level to act as a solid hurdle for buyers. Therefore, it won’t be easy for buyers to clear the $135 and $136 resistance levels. Looking at the chart, Ethereum price is under a lot of pressure below $136 and the 55 simple moving average (4-hours). There could be range moves in the short term, but the price is likely to resume its decline below $130. The next key support is at $136, below which the price could test $120. Technical indicators 4 hours MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is currently well below the 45 and 50 levels. Key Support Levels – $130, followed by the $126 zone. Key Resistance Levels – $135 and $136. The post Ethereum Price Analysis: Market Turned Bearish, Targets New Monthly Lows appeared first on Live Bitcoin News.
Live Bitcoin News

Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break

Ripple price remained in a bearish zone and declined below the key $0.3060 support against the US dollar. Bears remain in action as they managed to push the price below the $0.3000 support. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but bears remain in control below $0.3040 and $0.3060. Ripple price declined heavily and broke many supports against the US Dollar and bitcoin. XRP/USD is currently in a strong downtrend and it could continue to move down towards $0.2920 or $0.2800. Ripple Price Analysis In the past few hours, there was a strong decline in ripple price from the $0.3100 resistance against the US Dollar. The XRP/USD pair failed to hold the $0.3080 and $0.3060 support levels and entered a bearish zone. There was a sharp decline below the $0.3040 support and the price settled well below the 100 hourly SMA. Sellers gained control and pushed the price below the $0.3000 support as well. A new weekly low was formed at $0.2980 and the price is currently correcting higher. The price moved above the $0.3000 support level. Moreover, it cleared the 23.6% Fib retracement level of the recent decline from the $0.3065 high to $0.2980 low. However, there are many hurdles for buyers near the $0.3040 level. An initial resistance is $0.3025 and the 50% Fib retracement level of the recent decline from the $0.3065 high to $0.2980 low. More importantly, yesterday’s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP/USD pair. If there is an upside break above the $0.3035 level, the price could trade towards the key $0.3060 resistance. The 100 hourly simple moving average is also positioned near the $0.3070 level to act as a barrier for buyers. Therefore, if the price corrects higher, it is likely to face a strong selling interest near the $0.3035 or $0.3060 level. Looking at the chart, ripple price is under a lot of selling pressure and it is in a strong downtrend below $0.3080. On the downside, if the price declines below the recent low of $0.2980, there could be a sharp drop towards $0.2920 or $0.2880. Besides, if sellers remain in action, there are chances of a test of the $0.2800 support level. On the upside, only a close above $0.3060 and the 100 hourly SMA might decrease selling pressure. Technical Indicators Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 40 level, but below 50. Major Support Levels – $0.3000, $0.2980 and $0.2920. Major Resistance Levels – $0.3035, $0.3060 and $0.3070. Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break was last modified: March 26th, 2019 by Aayush JindalThe post Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break appeared first on NewsBTC.
NewsBTC/analysis
More news sources

Bearish news by Finrazor

ESSENTIAL

Here is an overview of the mechanics of cryptocurrency trading, the disclosure of useful terms used to describe market conditions, such as bearish and bullish, long and short positions and etc., as well as the explanation of different types of trading.

Read more

Trending

Hot news

Hot world news

Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
CoinGape
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.