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.

The first week of December 2025 features critical US economic events that will influence monetary policy expectations and Bitcoin’s direction, as traders prepare for potential Federal Reserve (Fed) actions.

Bitcoin investors face a pivotal week as Federal Reserve Chair Jerome Powell speaks on December 1, coinciding with the official end of quantitative tightening (QT). With odds of a rate cut in December now at 86%, significant volatility is expected across risk assets.

Powell’s Speech and End of QT

Fed Chair Jerome Powell is set to address markets on Monday, December 1, at 8:00 pm ET. This date marks not just his highly anticipated speech but also the official end of the Federal Reserve’s quantitative tightening program, an important policy shift announced by the FOMC in October.

“The Committee decided to conclude the reduction of its aggregate securities holdings on December 1,” read an excerpt in the Fed’s October 29 statement.

This decision reflects the presence of ample reserves in the banking system. Powell’s remarks come amid speculation about possible changes in Fed leadership, introducing another layer of market uncertainty.

Because Powell’s speech takes place just before the Fed’s blackout period ahead of the December policy meeting, it is likely to have outsized importance.

Any hints regarding future rates could trigger immediate market reactions. Ending quantitative tightening signals a shift toward a more accommodative monetary policy, possibly increasing dollar liquidity.

Adding to the uncertainty, reports indicate President Trump has selected Powell’s replacement, though there is no official announcement yet.

This speculation may boost volatility, as markets weigh the prospect of a new chair who could push for faster rate cuts.

ADP Employment

Automatic Data Processing Inc. (ADP), the largest payroll processor in the US, is set to release the ADP Employment Change report for November, which measures the change in the number of people privately employed in the US, at 8:15 am ET on Wednesday. 

The prior November report showed just 42,000 jobs added, according to MarketWatch’s economic calendar. New data will provide key insights into the health of the labor market ahead of the official government jobs numbers.

A strong employment figure could reduce chances of a rate cut and put pressure on Bitcoin and other risk assets. In contrast, weak job growth would reinforce the case for Federal Reserve easing, which typically benefits crypto markets.

The colloquial AI bubble is expected to play a role in the US jobs report this week, even as different industry experts express their sentiment.

Labor statistics are crucial for the Fed’s dual mandate and guide policy decisions.

Initial Jobless Claims

Initial jobless claims arrive on Thursday, December 4, at 8:30 am ET. As a weekly measure of layoffs, this report provides a real-time view of labor market conditions. It determines the number of US citizens who filed for unemployment insurance for the first time last week.

Rising claims may indicate economic weakness and support calls for easier monetary policy, while falling claims would suggest resilience and less urgency for rate cuts.

Historically, Bitcoin has been highly sensitive to employment releases since they shape Fed monetary outlooks and liquidity.

Traders often position ahead of these reports, generating increased volatility in both spot and derivatives markets.

PCE Inflation Data

Friday, December 5, brings the PCE (Personal Consumption Expenditures) price index at 8:30 am ET, the Fed’s preferred inflation benchmark.

This report is pivotal, as it tracks progress toward the central bank’s 2% goal. It will be released alongside personal income and spending data, providing a comprehensive view of consumer health.

Investors will focus on both headline and core PCE numbers. A softer reading could confirm the disinflation trend, solidifying expectations for a December rate cut.

Data from the CME Fed Watch Tool shows that interest bettors wager an 87.6% chance of a rate cut in the December 10 meeting, against a 12.4% chance that policymakers will hold steady.

Conversely, persistent inflation would prompt caution from the Fed, possibly disappointing markets looking for aggressive easing.

Consumer sentiment is reported at 10:00 am ET, with the prior value at 51.0 on the economic calendar. This data gauges household views on the economy and spending. Weakening sentiment can signal slowing demand and further support the case for easier monetary policy, which often lifts Bitcoin.

These four key economic releases in a single week create a high-stakes environment for digital asset markets. Bitcoin’s correlation with traditional risk assets means macroeconomic news is likely to drive market direction more than crypto-specific events.

As the first week of December commences, the interplay between jobs data, inflation trends, and the Federal Reserve’s stance will determine Bitcoin’s momentum and response to changing monetary policy signals.

The post 4 US Economic Events to Shake Bitcoin Sentiment in First Week of December 2025 appeared first on BeInCrypto.

The total crypto market cap (TOTAL) witnessed a sharp drop today as over $162 billion was wiped out in the last 24 hours. Bitcoin (BTC) fell below $86,000 in the process, with altcoins following suit, led by Zcash (ZEC), falling by 20% today.

In the news today:-

• Global capital is pouring into US markets at record levels, with foreign investors heavily buying equities and Treasury demand shifting structurally. Meanwhile, US consumer debt has hit an all-time high, signaling a major shift in global risk appetite that could impact both crypto and equity markets.
• Japan’s 2-year bond yield hit 1% for the first time since 2008 after BOJ Governor Kazuo Ueda hinted at a possible rate hike. The move threatens to unwind decades of yen carry trades, raising the risk of global deleveraging across major asset classes.

The Crypto Market Falls

The total crypto market cap dropped by $162 billion in the past 24 hours, falling to $2.89 trillion. TOTAL is now holding just above the key $2.87 trillion support level as investors assess ongoing volatility and market-wide uncertainty.

A wave of liquidations triggered a cascading sell-off, pushing major tokens sharply lower. If this decline persists, TOTAL may break below $2.87 trillion and fall toward $2.80 trillion, deepening losses across the crypto market.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

If conditions stabilize, TOTAL could rebound from the $2.87 trillion support zone. A push toward $2.93 trillion would be the first recovery signal. Breaking that level could reopen the path toward $3.00 trillion and higher.

Bitcoin Loses Crucial Support

Bitcoin is down 5% today, trading at $85,801 while holding just above the $85,204 support level. If broader market conditions worsen, BTC could lose this footing and slip below $85,000, increasing downside pressure.

A breakdown would leave Bitcoin vulnerable to a decline toward $82,503, a level previously tested during intra-day lows. Losing that support could open the door to a deeper correction toward $80,000, extending investor losses.

If conditions improve, Bitcoin may rebound from $85,204 and regain upward momentum. A climb toward $89,800 would be the first major recovery signal. Breaking that barrier is essential for completing a broader market rebound.

Zcash Hits Monthly Low

ZEC is down 20% in the past 24 hours and now trades at $364, holding just above the crucial $344 support level. The sharp decline reflects significant selling pressure as the broader market continues to struggle.

Bearish momentum remains strong, with ZEC falling 36% in the last week from $572 to an intra-day low of $351. Losing the $344 support could trigger a deeper drop toward $300, extending the altcoin’s steep correction.

If market conditions improve, ZEC could attempt a recovery. A rebound toward $400 would be the first sign of renewed strength. Breaking this barrier is essential for a move toward $442, which would invalidate the bearish thesis and restore bullish sentiment.

The post Why Is The Crypto Market Down Today? 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.