U.today:
Catastrophic Bitcoin (BTC) Plunge, XRP Surprisingly Calm, Cardano (ADA) Loses Lifeline Support Level
๐ Bitcoin's Bearish Breakdown: Bitcoin's drop below $60,000 signals potential end of bull run, with fear escalating as the 100-day EMA teeters. Increased trading volume reflects rising selling pressure, with $50,000 and $48,000 as critical support
levels. Overcoming $60,000 resistance is key for recovery. ๐
๐ XRP's Resilience: Amid market declines, XRP remains stable, down only 12% with support at $0.49 holding firm. Resistance at $0.56 poses challenges for upward movement, but future sentiment may influence XRP's direction. ๐
โ๏ธ Cardano's Setback: Cardano (ADA) faces significant setback after losing support at $0.44, now trading around $0.42. Failure to hold $0.40 support could lead to further declines towards $0.38. Reclaiming $0.44 resistance is crucial for ADA's recovery, contingent on trading volume and sentiment. ๐
