Japan’s 10-year bond yields surged to 1.86%, the highest since 2008, threatening to unwind the yen carry trade that funneled trillions into risk assets.

Ripple has also made several acquisitions this year to expand its business and institutional-focused offerings, with the latest being crypto custody and wallet company Palisade.

Canary Capital's dominance in the XRP ETF market could accelerate institutional adoption and influence future crypto investment strategies.

The post Canary Capital claims its XRP ETF surpasses all other XRP ETFs combined appeared first on Crypto Briefing.

The significant liquidations highlight the volatility and risk in crypto markets, potentially deterring new investors and impacting market stability.

The post Bitcoin tumbles below $89,000, triggering over $200 million in long liquidations in past hour appeared first on Crypto Briefing.

Bitcoin is still at a critical level, where the next move could be determined. With the current sentiment turning toward the negative, expectations remain that the next move for the Bitcoin price will likely be a rapid price crash. This seems to be supported by technical patterns that show that the cryptocurrency has broken below a major level. As previous performances show, the possibility that BTC will follow the historical trend is high and ultimately bearish for the price.

Why The Bitcoin Price Could Crash

As sentiment has plummeted and sell-offs have intensified, so have the probabilities for a crash risen. One major development that suggests that further decline could be coming is that the bitcoin price has lost a trend line on the log chart, a move that is historically bearish for the price.

Crypto analyst and CMT-certifed expert Tony “The Bull” Spilotro, highlighted this development, showing the bearish move. According to Spilotro, the Bitcoin price has now lost the log chart trendline that began back in 2024, and this holds immense consequences for the cryptocurrency.

Historically, whenever the Bitcoin price has lost this trend line on the log chart, the result has always been very bearish. The usual end result has been a crash in price; thus, it is important to keep an eye on this break. If it holds, it would mean that the BTC price decline is far from over.

The crypto analyst explains that the fractal might not be a given, and may not play out exactly, but that doesn’t mean it’s not important. “The fractal isn’t a guarantee, but a valid example of losing a linear trend line on a log chart not being something you should ignore,” Spilotro stated.

Essentially, if the trend does end up playing out as expected, then it would mean that the Bitcoin price crash is far from over. So far, there have been analysts warning of lower prices, with some expecting BTC to go as low as $50,000.

The price of Bitcoin appears to have cooled off after displaying great strength in recovering the $90,000 level over the past week. According to the latest price action data, this price jump will only be transient, as the premier cryptocurrency is seemingly still stuck in a bearish structure.

BTC Price Momentum Continues To Slow Down

On November 29, market analyst Axel Adler Jr. shared a fresh outlook on the price of BTC on the social media platform X. The crypto pundit revealed that the market leader might be entering a zone of “elevated risk for a prolonged correction.”

According to Adler Jr., the price momentum of Bitcoin has been witnessing a cool-off since March 2024. This observation is based on changes in the monthly Relative Strength Index, an indicator that measures the speed and magnitude at which an asset’s price changes.

Related Reading: Bitcoin Investors Are Not ‘Remotely Bullish Enough’ — Bitwise Researcher

Data from CryptoQuant shows that the monthly Bitcoin RSI has fallen from overheated levels down to 60% since March 2024, a period marked by significant price surges. From a historical perspective, this decline could spell further trouble for the price of BTC.

As Adler Jr. highlighted on X, the flagship cryptocurrency took between 200 to 300 days to begin a new bullish wave after an RSI decline of that magnitude in the previous two cycles. Using this historical pattern, the Bitcoin price might not reach its next bottom until between June and October 2026.

Bitcoin Whales Show Reduced Conviction: Alphractal CEO

From a different on-chain standpoint, Alphractal CEO and founder Joao Wedson also has a similar not-so-optimistic stance on the price of Bitcoin in the near term. This evaluation is based on the positions of the largest investors (whales) compared to retail investors.

According to Wedson, BTC whales are either closing their long positions or slightly increasing their BTC shorts compared to retail investors. Typically, this trend leads to a period of sideways price movement — as seen between March and April 2025.

Wedson also noted that some bears are probably looking to push the BTC price toward the $80,000 level before going on an accumulation spree. Ultimately, the combination of the falling momentum and whales’ lack of conviction paints a somewhat pessimistic picture for Bitcoin.

As of this writing, the price of BTC stands at around $90,979, reflecting no significant changes in the past 24 hours. Meanwhile, the market leader is up by more than 7% on the weekly timeframe, according to data from CoinGecko.

The digital asset landscape has matured significantly over the past several years. Simple spot holding is no longer the only viable strategy for generating substantial returns. Today’s market rewards precision, algorithmic discipline, and above all else, liquidity.

For skilled traders, the barrier to entry is rarely knowledge. Instead, it is capitalization. A trader may possess a strategy with a high Sharpe ratio and disciplined risk management, yet find their growth stunted by a personal account size that renders the math irrelevant.

This disconnect between skill and capital has given rise to a sophisticated ecosystem of crypto proprietary trading. The concept extends far beyond simply borrowing funds. It represents access to institutional-grade infrastructure that bridges the gap between retail speculation and professional execution.

The Capital Efficiency Paradox

Why do profitable traders fail to scale?

The answer often lies in mathematics rather than market movement. A trader operating with a 5,000 USDT personal account must take outsized risks to generate a livable income. This frequently leads to over-leveraging positions to the point of ruin. In contrast, a trader managing a funded account of 200,000 USDT can target conservative, low-variance moves and still generate substantial returns.

This dynamic creates what we might call the efficiency paradox: having more capital allows a trader to take less risk while making more money. By utilizing a proprietary firm’s resources, the focus shifts from desperate account flipping to sustainable wealth generation. The pressure to hit “home runs” evaporates entirely, replaced by the professional pursuit of consistent base hits.

Psychological Detachment as an Edge

When personal savings are on the line, emotional attachment distorts decision-making in profound ways. The fear of loss triggers the amygdala, causing traders to cut winners early. Even worse, it often leads to revenge trading after a loss. Proprietary trading constructs a firewall between the trader’s lifestyle and their trading capital, fundamentally changing the psychological equation.

In a funded environment, the downside is capped at a defined level. A trader might face a drawdown limit, but they are not risking their mortgage payment or emergency savings. This psychological freedom allows for the execution of strategies with cold, calculated precision. When the risk is systemic rather than personal, the trader can finally operate with the objectivity required to extract value from volatile markets.

Evaluating the Execution Environment

Not all funding models are created equal, and the differences matter significantly. In the early days of prop trading, firms were largely focused on Forex. They treated crypto as an afterthought, offering poor spreads and artificial slippage. The modern crypto trader requires a specialized environment built specifically for digital assets. If the underlying technology does not mirror live exchange conditions, the strategy is doomed to fail regardless of its theoretical merit.

A robust trading infrastructure must offer direct access to order books without intermediaries. Whether a trader is scalping Bitcoin perpetuals or navigating complex options strategies, the execution must be instantaneous.

This is where the distinction between a simulation and a career-building platform becomes evident. Identifying the best crypto prop trading firm requires careful examination of the execution model. The key is looking for firms like HyroTrader that route through major liquidity providers like ByBit or Binance rather than internal dealing desks that trade against their clients.

The Importance of True Market Data

A chart is only as good as its data feed, and this principle cannot be overstated. Artificial “wicks” designed to stop out retail traders are a hallmark of inferior platforms that prioritize their own profit over trader success. Professional prop firms utilize real-time data streams that ensure what a trader sees on the chart matches the global order book with complete accuracy.

For algorithmic traders and those utilizing automated bots, this transparency is non-negotiable. Strategies that rely on technical levels or high-frequency inputs cannot function properly if the price feed is manipulated or delayed. The ability to integrate tools like TradingView or connect via API directly to the exchange liquidity is what separates a gamified experience from a professional trading operation.

Meet HyroTrader

Founded in 2022 and based in Prague, HyroTrader is a proprietary trading firm specializing in cryptocurrency for traders. The company offers funded accounts of up to 200,000 USDT, which can be scaled to 1 million USDT with consistent performance.

Traders utilize real-time data to trade on ByBit or Binance through CLEO, ensuring authentic trading conditions. Profit sharing begins at 70% and can increase to 90%, with payouts made in USDT or USDC within 12-24 hours after earning $100 in profit.

Unlike many competitors, HyroTrader provides unlimited evaluation periods and refunds the challenge fee after the first payout, lowering entry costs. With over $2 million paid out and a global community, it offers a legitimate opportunity for skilled crypto traders to access institutional capital without risking personal funds.

Navigating Risk and Drawdown Constraints

The primary critique of proprietary trading is often the strictness of risk rules. However, these constraints are actually the training wheels of professionalism when viewed through the right lens. A 5% daily drawdown limit or a 10% maximum loss ceiling is not a trap designed to fail traders. It is a standard institutional risk parameter used by professionals worldwide. No hedge fund manager in the world is permitted to lose 20% of a portfolio in a single afternoon, and for good reason.

Learning to navigate these parameters is what refines a gambler into a genuine risk manager. The best environments offer unlimited time for evaluation, recognizing that quality trading cannot be rushed. The artificial pressure of a “30-day challenge” often forces traders to violate their own risk management rules just to beat the clock. Removing the time limit allows the trader to wait patiently for the highest probability setups, aligning their activity with market conditions rather than an arbitrary calendar deadline.

Scaling: The Path to Seven Figures

The trajectory for a crypto prop trader should not end at the initial funding stage. The true goal is scalability over time. A static account size eventually limits potential regardless of skill level, whereas a dynamic scaling plan rewards consistency and discipline.

Consider a roadmap that begins at 200,000 USDT. Through consistent performance, avoiding significant drawdowns, and hitting modest profit targets, a trader can see their allocation grow to 1,000,000 USDT. At this level, a profit split of 80% or 90% becomes genuinely life-changing, transforming trading from a side pursuit into a legitimate wealth-building vehicle.

The Cash Flow Advantage

Liquidity is king in any trading endeavor. In traditional finance, waiting 30 days for a wire transfer is standard practice. In the crypto ecosystem, money moves at the speed of the blockchain itself. Traders who live off their market returns require agility. They need the ability to request a withdrawal on a Sunday and receive USDT or USDC within hours rather than weeks.

This fluidity turns trading from a speculative venture into a reliable business operation with predictable cash flows. When profits can be realized and withdrawn immediately upon hitting a threshold, the feedback loop of success is powerfully reinforced. It allows the trader to compound their personal net worth steadily while leaving the firm’s capital at work in the markets.

The Future of Decentralized Opportunity

The convergence of cryptocurrency volatility and proprietary capital offers a unique moment in financial history. It allows individuals with skills to act as institutional players, regardless of their geographic location or personal net worth. The playing field has never been more level for talented traders seeking meaningful opportunities.

Whether employing high-frequency trading bots, executing manual price-action strategies, or hedging with options, the vehicle matters as much as the driver. By leveraging significant capital without personal risk, utilizing direct exchange execution, and operating within professional risk parameters, traders can unlock the full potential of the crypto markets. The era of the undercapitalized retail trader is ending. The era of the funded professional has arrived.

Disclaimer: This is a sponsored post. CryptoSlate does not endorse any of the projects mentioned in this article. Investors are encouraged to perform necessary due diligence.

The post Why Pro Traders Choose Crypto Prop Firms appeared first on CryptoSlate.

Bitcoin’s big buyers seem to have stepped off the gas.

For the better part of the last year or so, it felt like there was a constant tailwind behind Bitcoin’s price. ETFs vacuumed up coins, stablecoin balances kept climbing, and traders were willing to go to insane levels of leverage to bet on more upside. NYDIG called these the “demand engines” of the cycle in its latest report. The company argued that several of those engines have reversed course: ETFs are seeing net outflows, the stablecoin base has stalled, and futures markets look cautious.

That sounds rather ominous if you only read the headline. Unfortunately, as always, the truth is always somewhere in the middle. We will walk through each of those engines, keep the focus on dollars in and out, and end with the practical question everyone cares about: if the big machines are really slowing, does it break the bull market or slow it down?

When the ETF hose stops blasting

The simplest engine to understand is the ETF pipe. Since their launch in January 2024, spot Bitcoin ETFs in the US have brought in tens of billions of dollars in net inflows. That money came from advisers, hedge funds, family offices, and retail investors who chose a brokerage ticker as their preferred method of Bitcoin exposure. The crucial detail is that they were net buyers almost every week for most of the year.

But that pattern broke over the past month. On several days in November, the ETF complex logged heavy redemptions, including some of the largest outflows since launch. A few of the funds that had been reliable buyers (think BlackRock) flipped to net sellers. For anyone looking at a single day of data, it sure could have felt like the entire ETF market blew up.

The longer view is, of course, less dramatic but important nevertheless. Cumulative flows are still deeply positive, and all funds still hold a huge pool of Bitcoin. What changed is the direction of marginal money: instead of new cash flowing steadily in, some investors are taking profits, cutting exposure or moving into other trades. That means spot price no longer has a constant mechanical buyer sitting underneath it.

A lot of that behavior is tied to how investors now hedge and manage risk. Once regulators allowed much higher position limits on ETF options (from 25,000 to 250,000 contracts), institutions could run covered-call strategies and other overlays on top of their ETF holdings. That gave them more ways to adjust risk without dumping shares, but also drained some of the pure “buy and hold at any price” energy. When price surged toward the top, some investors capped their upside for income. When price rolled over, others used the same options market to hedge instead of adding more spot.

The second engine sits in stablecoins. If ETFs are the Wall Street-friendly funnel into Bitcoin, stablecoins are the crypto-native cash pile that lives inside the system. When USDT, USDC, and peers grow, it usually means more fresh dollars are arriving or at least being parked on exchanges ready to deploy. For much of the last year, Bitcoin’s big legs higher lined up with a growing stablecoin base.

That pattern is wobbling, as the total stablecoin supply has stopped growing and even shrunk a little in the past month. Different trackers disagree on the exact amount, but the drop is clear enough. Some of that can be put down to simple risk reduction: traders pulling money out of exchanges, funds rotating into Treasuries, and smaller tokens losing market share. But some of it is real withdrawal of capital from the market.

The takeaway here is straightforward: the pool of digital dollars that can chase Bitcoin higher is no longer expanding. That doesn’t automatically push price down, but it does mean every rally has to be funded out of a more or less fixed pot. There’s less “new money” sloshing around on exchanges that can instantly flood into BTC when sentiment turns.

The third engine lives in derivatives. Funding rates on perpetual futures are a fee that traders pay to keep those contracts in line with spot price. When funding is strongly positive, it usually means many traders are long with leverage and are paying to stay that way. When funding goes negative, shorts are paying longs and the market is skewed toward bets on downside. The “basis” on regulated futures like CME is simply the gap between futures and spot. A big positive basis usually shows strong demand to be long with leverage.

NYDIG points out that both of these gauges have cooled. Funding on offshore perpetuals has flipped negative at times. CME futures premia have compressed. Open interest is lower than it was at the peak. This tells us a lot of leveraged longs were washed out in the recent drawdown and haven’t rushed back. Traders are more cautious, and in some pockets they’re now willing to pay for downside protection instead of upside exposure.

This matters for two reasons. First, leveraged buyers are often the marginal force that takes a move from a healthy uptrend to a vertical blow-off. If they’re nursing losses or sitting on the sidelines, moves tend to be slower, choppier and significantly less fun for anyone hoping for instant all-time highs. Second, when leverage builds in one direction, it can amplify both gains and crashes. A market with less leverage can still move a lot, but it’s less prone to sudden air pockets triggered by liquidations.

So if ETFs are leaking, stablecoins are flat, and derivatives traders are cautious, who’s on the other side of this selloff?

Here is where the picture becomes more subtle. On-chain data and exchange metrics suggest that some long-term holders have used the recent volatility to take profits. Coins that sat dormant for long periods have started to move again. At the same time, there are signs that newer wallets and smaller buyers are quietly accumulating. Some address clusters that rarely spend have also added to their balances. And some retail flows on large exchanges still lean toward net buying on the worst days.

That is the core of NYDIG’s “reversal, not doom” framing. The most visible, headline-friendly demand engines have shifted into reverse just as price cooled. Underneath that, there’s still a slow transfer from older, richer cohorts to newer ones. The flow of this money is choppier and less mechanical than the ETF boom period, which makes the market feel harsher for anyone who arrived late. But it isn’t the same thing as capital vanishing altogether.

What this actually means for you

First, the easy mode is more or less gone for now. For much of the year, ETF inflows and growing stablecoin balances acted like a one-way escalator. You didn’t need to know much about futures funding or options limits to understand why price kept grinding higher, because new money kept arriving. That background bid has faded and, in some weeks, flipped into net selling, making drawdowns feel heavier and rallies harder to sustain.

Second, a slowdown in demand engines does’t automatically kill a cycle. Bitcoin’s long-run case still revolves around fixed supply, growing institutional rails and a steady expansion of places where it can sit on balance sheets, and those structures are still in place.

What changes is the path between here and the next high. Instead of a straight line driven by one giant narrative, the market will start trading more on positioning and pockets of liquidity. ETF flows may swing between red and green, stablecoins may bounce around a plateau instead of sprinting higher, and derivatives markets may spend more time in neutral. That kind of environment rewards patience more than bravado.

Finally, if you zoom out, reversals in the demand engines are part of how every cycle breathes. Heavy inflows set the stage for overextension, but then outflows and cooling leverage force a reset. New buyers arrive at lower prices, usually quieter and with less fanfare. NYDIG’s argument is that Bitcoin is somewhere in that reset phase, and the data supports that view.

The engines that drove the first leg of the bull run are running slower, some in reverse, but it doesn’t mean the machine is broken. It means the next leg will depend less on automatic pipes and more on whether investors still want to own this thing once the easy part has passed.

The post Bitcoin’s bull market: A slowdown, not a breakdown appeared first on CryptoSlate.

Ethereum price has dropped more than 6% in the past 24 hours and is now down about 27% over the last 30 days. A breakdown from a major continuation pattern has opened the door to a much deeper decline. At the same time, an on-chain signal is flashing a possible 28% downside window that aligns with what could become Ethereum’s next cycle bottom if conditions worsen.

Together, these signals show that ETH may not be done correcting yet.

One Long-Term Metric Shows Room to Fall?

Ethereum recently broke down from a clean bear flag. The move began after ETH failed at $2,990 and slipped out of the rising channel it had been trading within for a week. The earlier sell-off created the “pole,” a drop of 28.39%, and the breakdown activates a measured target around $2,140, which sits almost exactly 28% below the breakdown level.

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To see if this target makes sense, we compare it with long-term holder NUPL. Long-term holder NUPL measures how much profit long-term holders are sitting on.

NUPL has been trending down since August 22, suggesting long-term holders are reducing unrealized profits and softening their conviction. The latest short-term low was 0.36 on Nov 21, but the six-month low sits at 0.28, recorded on June 22, which is a difference of roughly 22%.

Back on June 22, when NUPL hit 0.28, ETH traded near $2,230, and the market reversed sharply. From there, Ethereum rallied all the way to $4,820, a gain of 116% from that bottom.

Today, if NUPL were to retest that 0.28 cycle-low band again, the implied price drawdown from ETH’s recent local high near $2,990 would be in the same 20–25% range, which aligns exactly with the 28% bear-flag target at $2,140.

This is the cleanest overlap in the entire analysis: Both the price pattern and the long-term holder metric point to the same lower zone.

Ethereum Price Sits on Its Strongest Cost-Basis Wall

The next step is to see whether the Ethereum price chart supports the same conclusion. The Cost Basis Distribution Heatmap shows where large clusters of ETH were recently accumulated. The heaviest band sits between $2,801 and $2,823, with 3,591,002 ETH bought in that zone. This is the strongest support Ethereum has right now.

ETH has already broken below the $2,840 price level, increasing pressure on this cost-basis wall. If the ETH price cannot reclaim $2,840 quickly and close above $2,990 again, sellers remain in full control.

If weakness continues, the next levels on the trend-based extension appear one after another. The first point is $2,690, which sits about 4.5% below the current price. If that fails, the decline can extend to $2,560 (a further 4.6% drop), $2,440 (another 4.8%), and $2,260, which is just 2% above the June NUPL-bottom price of $2,230.

Below all of these sits $2,140, the full breakdown target, about 28% below the breakdown zone and fully aligned with the flag projection.

If ETH falls through $2,266, the bear-flag target becomes the most realistic scenario.

There is still an invalidation path, but it requires strength at several layers. ETH must regain $2,840, then break above $2,990, and then secure a close above $3,090. The entire bearish pattern loses meaning only if ETH pushes through $3,240, which would be a roughly 15% move up from current levels.

For now, ETH trades beneath its strongest cost-basis wall, long-term holders are still reducing unrealized profit, and the continuation structure points clearly lower. If these conditions hold, the $2,260–$2,140 region becomes the most probable area where Ethereum could form its next cycle bottom.

The post Ethereum Breaks Down From Key Pattern, Opening a Path Toward 28% Crash appeared first on BeInCrypto.

The end of the Federal Reserve’s quantitative tightening (QT) program on December 1, 2024, marks a pivotal shift for crypto markets.

Despite this milestone, experts note that visible impact could take time. Balance sheet expansion may be delayed until early 2026 due to treasury settlement lags, mirroring past cycles.

Historical Patterns Link Fed Policy to Altcoin Performance

The Fed’s monetary policy increasingly influences the crypto market. Historically, when the Fed was not engaged in QT, altcoins showed notable strength against Bitcoin, sparking multi-year rallies and altering market dynamics.

These shifts signal a clear relationship between liquidity policy and crypto performance. Analyst Matthew Hyland identifies historical trends where non-QT periods were followed by sustained altcoin rallies lasting between 29 and 42 months, highlighted by the OTHERS.D/BTC.D ratio.

Hyland’s research spotlights the periods 2014-2017 and 2019-2022. During these periods, the absence of QT allowed altcoins to sustain uptrends for 42 and 29 months, respectively.

“Altcoins historically outperform BTC when QT is not active. Alts have seen a 42-month & 29-month uptrend whilst QT was not active during 2014-2017 & 2019-2022. Based on the very strong correlation to the Fed’s balance sheet, it’s highly favorable Alts outperform BTC for many years going forward,” wrote Hyland.

The OTHERS.D/BTC.D ratio, which compares altcoin market dominance to Bitcoin, climbed as monetary conditions improved, encouraging greater risk appetite.

The Fed’s approach closely mirrors these shifts. From 2014 to 2017, a supportive stance led to strong altcoin growth. Likewise, after QT ended in August 2019, another altcoin rally unfolded and lasted through 2022. These cycles suggest Fed liquidity policy is a core influence on crypto risk assets.

Hyland emphasized that the current balance sheet, around $6.55 trillion and stabilizing post-QT, supports optimism for multi-year altcoin outperformance relative to Bitcoin.

Critical 0.25 Level May Signal Altcoin Season Launch

Technical analysis shows the ALT/BTC pair historically bottomed at 0.25 after QT ended. This threshold is seen as a key marker signaling the potential start of an altcoin rally and may again indicate the next phase of upward momentum.

The ALT/BTC ratio is now at 0.36, which is above this vital support level. If this measure approaches 0.25, it could signal the typical capitulation that precedes lasting altcoin strength.

The 0.25 line holds strong technical and psychological significance, often representing where altcoins regain upward momentum against Bitcoin.

Capital often rotates into alternative cryptocurrencies when Bitcoin dominance declines. According to August 2025 Coinbase research, Bitcoin’s dominance dropped from 65% in May to about 59% by August.

This trend points to early capital flows favoring altcoins, a hallmark of “altcoin season.”

Balance Sheet Expansion Delays Could Postpone Market Impact

While QT has officially ended, immediate effects are unlikely. The experience from 2019 shows that settlement lags can postpone observable balance sheet expansion and, by extension, crypto market reactions.

Benjamin Cowen highlighted operational factors. In 2019, although QT ended in August, balance sheet growth lagged as treasury maturities settled later that month. Policy changes can thus take time to reach financial markets, including cryptocurrencies.

“Just because QT ends December 1 does not mean the balance sheet immediately starts going up. It might take until early 2026 to notice that,” wrote Cowen.

These operational realities matter for market timing. Mechanisms such as treasury settlements and reserve management can delay balance sheet expansion by months, causing uncertain conditions for traders awaiting clear policy impact. Volatility may persist during this window.

Fed research underlines these complexities. Shifts in the Treasury General Account and settlement schedules may skew short-term balance sheet readings.

The experience of August 2019 shows that patience is needed before definitive market patterns emerge, likely in 2025 or 2026.

Despite near-term uncertainties, the outlook for altcoin markets remains constructive. Once Fed-driven liquidity expansion becomes evident, historical trends indicate altcoins often benefit.

The post Fed to End QT: Could this Trigger Multi-Year Altcoin Rally Akin to 2019-2022? appeared first on BeInCrypto.

Dogecoin started a fresh decline below the $0.150 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1420.

• DOGE price started a fresh decline below the $0.150 level.
• The price is trading below the $0.1450 level and the 100-hourly simple moving average.
• There was a break below a key bullish trend line with support at $0.1520 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could extend losses if it stays below $0.150 and $0.1450.

Dogecoin Price Dips Again

Dogecoin price started a fresh decline after it closed below $0.1520, like Bitcoin and Ethereum. DOGE declined below the $0.150 and $0.1450 support levels.

More importantly, there was a break below a key bullish trend line with support at $0.1520 on the hourly chart of the DOGE/USD pair. The price even traded below $0.1380. A low was formed near $0.1369, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1566 swing high to the $0.1369 low.

Dogecoin price is now trading below the $0.1450 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1420 level. The first major resistance for the bulls could be near the $0.1465 level and the 50% Fib retracement level of the downward move from the $0.1566 swing high to the $0.1369 low.

The next major resistance is near the $0.1490 level. A close above the $0.1490 resistance might send the price toward the $0.1520 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1620.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1465 level, it could continue to move down. Initial support on the downside is near the $0.1370 level. The next major support is near the $0.1350 level.

The main support sits at $0.1330. If there is a downside break below the $0.1330 support, the price could decline further. In the stated case, the price might slide toward the $0.1250 level or even $0.1240 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1350 and $0.1250.

Major Resistance Levels – $0.1420 and $0.1465.

XRP price started a fresh decline below $2.150. The price is now struggling and faces resistance near the $2.10 pivot level.

• XRP price started a fresh decline below the $2.150 zone.
• The price is now trading below $2.120 and the 100-hourly Simple Moving Average.
• There was a break below a key bullish trend line with support at $2.180 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could continue to move down if it settles below $2.00.

XRP Price Dips Again

XRP price attempted a recovery wave above $2.150 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.120 and $2.10.

There was a move below the 50% Fib retracement level of the upward move from the $1.817 swing low to the $2.286 high. Besides, there was a break below a key bullish trend line with support at $2.180 on the hourly chart of the XRP/USD pair.

The price is now trading below $2.10 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.080 level. The first major resistance is near the $2.10 level. A close above $2.10 could send the price to $2.120. The next hurdle sits at $2.150. A clear move above the $2.150 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.250 resistance. The next major hurdle for the bulls might be near $2.320.

More Losses?

If XRP fails to clear the $2.10 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.00 level or the 61.8% Fib retracement level of the upward move from the $1.817 swing low to the $2.286 high. The next major support is near the $1.9250 level.

If there is a downside break and a close below the $1.9250 level, the price might continue to decline toward $1.850. The next major support sits near the $1.820 zone, below which the price could continue lower toward $1.80.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.00 and $1.9250.

Major Resistance Levels – $2.10 and $2.120.