🚀 WhiteBIT said it's time to try something new and announce | Vladislav Hryniv on Binance Square

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Vladislav Hryniv

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🚀 WhiteBIT said it's time to try something new and announced a new pair for perpetual futures trading - $HOT  -$PERP 
#HotTrends #trading-futures #announcement 

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HOT

0.00147

-5.89%

PERP

0.5275

-6.33%

2.9k

0

Replies 0

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$BTC Slips to $63,000 - U.Today Analytics The market dominance of Bitcoin is progressively waning as it exhibits signs of decline. Indicating a sharp decline in market strength, the price of Bitcoin has recently fallen to the 100 EMA. This action raises the possibility that the bullish momentum for Bitcoin is waning. The high level of liquidity around $63,000 is highlighted by the most recent market data, which is crucial. The EMAs also converge at $63,000, which strengthens this price as a possible support zone, making this area more and more significant. It is possible that Bitcoin will test this level soon if it keeps going downhill. The decreasing volume is another alarming indicator. A drop in trading volume is frequently a sign that the trend is becoming less popular. The lower volume, in the case of Bitcoin, raises the possibility that the recent uptrend may not be long-lasting. This could result in further declines if the selling pressure picks up, so traders and investors should exercise caution. The current status of Bitcoin is clearly depicted by the technical indicators. An indication of waning support for the price of Bitcoin is the alignment of the 50, 100 and 200 EMAs. If Bitcoin drops below the 100 EMA, a recent support level, it may turn into a crucial resistance level. The $63,000 mark has historically been important for Bitcoin, acting as both resistance and support at different points in time.

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$WIF Price Analysis - CoinPedia Analytics dogwifhat prices are forming consecutive lower highs and lows, suggesting the growing dominance of the bears as selling pressure escalates. The volatility of the memecoin has risen to a large extent due to which the price of WIF is expected to fluctuate with bigger margins in the next few days. With this, the token displays the huge potential of plunging back to $1.5, meanwhile, a rebound is also expected to attract massive gains. The WIF price has been fighting the bearish pressure ever since it marked the highs above $4.7 within a couple of days of its inception. The latest price action is believed to drag the levels back to the lower support at $1.5 as the market sentiments have turned bearish. Besides, the supertrend & RSI are also not in favour of the bulls. Therefore, the WIF price is believed to maintain a strong descending trend and test the support. Meanwhile, a rebound is expected then, but if the bulls remain passive, a plunge below $1 could also be imminent.

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$PEPE price-performance - AMBCrypto Analytics At press time, PEPE was trading near $0.00001051 and experienced a 7.5% price drop over the last 24 hours. Meanwhile, the trading volume increased by 14% during the same period. An increase in trading volume signals a higher level of participation from investors and traders. According to expert technical analysis, PEPE is looking bearish, with a high chance of falling another 20% in the coming days. The reason behind this bearishness is the current market sentiment and the recent breakdown of an important support level of $0.00001075. Based on historical price momentum and price action, PEPE may find the next support near the $0.0000852 level, where the 200 Exponential Moving Average (EMA) lies.

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$MATIC Price Prediction: More Losses on the Radar - BeinCrypto Analytics According to the daily chart, MATIC has yet to break above the descending trendline since June 6. The inability to move past the region suggests that the token remains in bearish territory. If MATIC fails to rise above this trendline, then the price may struggle to recover. In addition, the Moving Average Convergence Divergence (MACD) is negative. The MACD uses the difference in moving averages to measure momentum. When the reading is positive, momentum is bullish. When it is negative, momentum is bearish. If this trend continues, MATIC’s price may continue to fall. The On Balance Volume (OBV), which measures buying and selling pressure, gave similar indications. At press time, the OBV trends downward, indicating that sellers have been liquidating MATIC in large numbers. If this continues, the MATIC price may head toward $0.42. However, a resurgence in buying volume could halt the downtrend and possibly lead to the price reaching $0.54.

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