**Cryptocurrency Market Faces Downturn Amidst Bearish Sentiment**

The cryptocurrency market has experienced a notable downturn, with the total market capitalization falling from $3.05 trillion to $2.95 trillion, marking a -3.27% change in the past 24 hours. This decline is mirrored in the total crypto trading volume, which also decreased by -3.27%, now standing at $644.03 billion.

Bitcoin, the leading cryptocurrency, is currently priced at $87,738 after a -2.46% drop. Its market dominance has slightly decreased to 58.86%. Ethereum, the second-largest cryptocurrency, saw a sharper decline of -5.11%, now valued at $3,059.42.

The bearish trend is evident as 85% of cryptocurrencies lost value, highlighting a challenging period for the market.

TRON's market performance has taken a downturn, with a notable 5.97% decrease against the US Dollar in the last 24 hours. This decline is more pronounced when compared to the broader cryptocurrency market, which saw a marginal decrease of 0.11%. TRX also underperformed against major cryptocurrencies, losing 6.81% against Bitcoin.

Despite a bullish sentiment, with 85% of indicators favoring a positive outlook, the Fear & Greed index at 84 suggests extreme greed, potentially indicating an overvalued market. TRON's price is predicted to drop by 13.08% in the next five days, highlighting potential market volatility.

Market Analysis: Cryptocurrency Market Faces Downward Pressure

The cryptocurrency market has experienced a notable decline, with the total market capitalization dropping from $3.03 trillion to $2.99 trillion, marking a -1.43% change in the past 24 hours. This downturn reflects a broader bearish sentiment affecting the market.

Bitcoin, the leading cryptocurrency, saw its price fall by -2.12%, now trading at $86,504. Its market dominance has decreased to 57.31%, indicating a shift in investor confidence.

Ethereum also faced significant losses, with a -5.68% decrease, highlighting the prevailing market volatility. The overall trading volume has mirrored this trend, decreasing by -1.43%, suggesting reduced market activity and investor caution.

Polygon Ecosystem Token (POL) has experienced a notable decline, losing 3.73% against the US Dollar in the last 24 hours, underperforming the broader cryptocurrency market, which saw a 2.08% decrease. Despite a 10.97% gain over the past month, POL remains 56.32% lower than its value a year ago, reflecting a bearish long-term trend.

The market sentiment for POL is currently neutral, with the Fear & Greed index at 80, indicating extreme greed. However, the Relative Strength Index suggests that POL is overbought, raising concerns about potential overvaluation. Investors should remain cautious as the market's unpredictability continues to pose significant risks.

Orderly Network's expansion to Avalanche represents a significant development in the blockchain industry, yet it raises concerns amidst an already volatile market. The integration aims to leverage Avalanche's high-speed transaction capabilities, potentially addressing scalability issues that plague many blockchain platforms. However, the broader market remains skeptical about the long-term viability of cross-chain solutions given the current regulatory uncertainties and market volatility.

Despite the technological advancements, the expansion to Avalanche and the anticipated integration with Solana may not be enough to instill confidence in a market wary of regulatory crackdowns and security vulnerabilities. The promise of enhanced cross-chain liquidity and decentralized finance, while ambitious, faces significant hurdles that could impede widespread adoption and market stability.

Polygon Ecosystem Token (POL) has experienced a notable decline, dropping 5.28% against the US Dollar in the past 24 hours. Despite a recent 4.01% gain over the last month, POL remains 54.64% down from its value a year ago. The token's performance against Bitcoin and Ethereum has also been lackluster, with decreases of 4.27% and 8.90% respectively.

Market sentiment remains neutral, with the Fear & Greed index indicating greed at 69. While some indicators suggest a potential price rise of 30.01% in the coming days, the overall outlook remains uncertain. The cryptocurrency market's inherent volatility and the token's historical performance suggest caution.

Lido DAO Token (LDO) has experienced a significant downturn, dropping 7.39% against the US Dollar in the last 24 hours. This decline is part of a broader negative trend, with LDO underperforming against major cryptocurrencies like Bitcoin and Ethereum, losing 8.88% and 10.11% respectively. Despite a 16.81% gain over the past month, LDO remains 37.93% down from a year ago.

The market sentiment is neutral, with the Fear & Greed index indicating greed, which could suggest overvaluation. Technical indicators present a mixed outlook, with some signaling potential growth while others highlight bearish trends. The current price of $1.26 is below key resistance levels, raising concerns about future performance.

Polygon Ecosystem Token (POL) has shown a mixed performance in recent trading sessions. Despite a 6.97% increase against the US Dollar today, POL remains 24.13% below its predicted value for November 11, 2024. Over the past month, the token has declined by 15.64%, and it has plummeted 54.26% over the past year.

The market sentiment for POL is currently bearish, with 59% of indicators predicting a negative trend. The Fear & Greed index stands at 69, indicating market greed, which could suggest overvaluation. Key support levels are at $0.294620, $0.286327, and $0.280167, while resistance levels are at $0.309074, $0.315234, and $0.323527.

Investors should remain cautious as the market continues to display significant volatility.

Bybit Secures VASP License in Georgia Amid Global Regulatory Push

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has obtained a Virtual Asset Service Provider (VASP) license from the National Bank of Georgia. This development highlights Bybit's ongoing commitment to adhering to regulatory frameworks globally, as part of its 2024 strategy, which includes successful licensing in the Netherlands, Kazakhstan, and Türkiye.

Despite these advancements, the broader market outlook remains cautious. The regulatory landscape continues to tighten, posing challenges for exchanges striving to maintain compliance while fostering innovation. Bybit's efforts in Georgia aim to support the nation's digital transformation, yet the global crypto market faces uncertainties that could impact growth and adoption.

In conclusion, while Bybit's licensing in Georgia marks a significant milestone, the path forward for the crypto industry is fraught with regulatory hurdles that may hinder its potential expansion.

Raydium (RAY) has experienced a significant decline, losing 4.79% against the US Dollar in the past 24 hours. The cryptocurrency also underperformed against Bitcoin and Ethereum, with decreases of 5.17% and 5.16% respectively. Despite a bullish sentiment and a Fear & Greed index reading of 69, indicating market greed, the short-term outlook remains uncertain.

The current price of RAY is $3.34, which is 23.21% below the predicted value for November 9, 2024. While the coin has shown impressive gains over the past year, increasing by 1,165.51%, the recent volatility raises concerns. The 50-day and 200-day Simple Moving Averages indicate a bearish trend, suggesting potential further declines.

Investors should remain cautious, as the cryptocurrency market is highly volatile and unpredictable. Monitoring key support and resistance levels will be crucial in the coming days.

Celestia Faces Bearish Market Sentiment Amid Recent Declines

Celestia (TIA) has experienced a significant downturn, with its price falling by 5.56% against the US Dollar in the last 24 hours. The cryptocurrency also recorded a 6.16% loss against Bitcoin and a 6.35% loss against Ethereum. Currently trading at $4.45, Celestia is 24.12% below its predicted value for November 8, 2024.

Over the past month, Celestia has dropped by 12.93%, indicating a bearish medium-term trend. Despite an 83.02% increase over the past year, the recent performance suggests a challenging period ahead. The Fear & Greed index stands at 69 (Greed), signaling potential overvaluation in the market.

Technical analysis reveals that 20 out of 27 indicators are bearish, reinforcing the negative sentiment. Key support levels are at $4.58, $4.48, and $4.42, while resistance levels are at $4.75, $4.82, and $4.92. Investors should remain cautious as the market outlook remains uncertain.

StarkNet has experienced a significant downturn, with its price currently at $0.347885, reflecting a 3.21% decline in the last 24 hours. This underperformance is notable against the broader cryptocurrency market, which saw a 0.46% decrease. Over the past month, StarkNet has dropped by 10.45%, and its year-over-year performance shows a staggering 88.86% decline.

Despite a prediction suggesting a 30.56% increase in the next five days, the overall sentiment remains bearish. The Fear & Greed index indicates a state of greed, which could signal an overvalued market. Key support levels to watch are $0.355571, $0.348717, and $0.341031, while resistance levels are at $0.370112, $0.377797, and $0.384652.

Investors should approach with caution as the market sentiment and technical indicators predominantly suggest a negative outlook for StarkNet.

Shiba Inu (SHIB) has experienced a notable decline, losing -3.29% against the US Dollar in the last 24 hours. The cryptocurrency underperformed the broader market, which saw a -0.15% decrease in total market cap during the same period. SHIB also recorded a -2.38% loss against Bitcoin.

The short-term outlook for SHIB remains bearish, with the coin trading 52.32% below its predicted value for November 8, 2024. Despite a 113.51% increase over the past year, recent trends show a -2.71% decline in the last month. Key support levels are consistent at $0.000017, while resistance levels hold at $0.000018.

Market sentiment is currently bearish, with 66% of indicators signaling a negative forecast. The Fear & Greed index reads 69 (Greed), suggesting potential overvaluation. Investors should remain cautious as the cryptocurrency market continues to display significant volatility.

Pepe Coin has experienced a significant downturn, losing 5.88% against the US Dollar in the last 24 hours. This decline is part of a broader trend, with PEPE/BTC and PEPE/ETH also falling by 5.56% and 5.05%, respectively. Over the past month, Pepe Coin has dropped 13.63%, underperforming the overall cryptocurrency market, which saw a 7.13% decrease.

Despite a 646.98% increase over the past year, the current sentiment around Pepe Coin is bearish. Technical indicators show that 22 out of 28 are signaling a negative outlook. The Fear & Greed index stands at 69, indicating market greed, which could suggest overvaluation.

Investors should exercise caution as the market remains volatile and unpredictable.

Sei Faces Significant Downturn Amidst Bearish Market Sentiment

Sei has experienced a notable decline, with its price dropping by 6.22% against the US Dollar in the last 24 hours, underperforming the broader cryptocurrency market, which saw a 7.88% decrease. SEI also recorded losses against major cryptocurrencies, with a 5.02% drop against BTC and a 4.64% decline against ETH.

The coin has been on a downward trajectory over the past month, losing 18.81% of its value. Despite a 205.23% increase over the past year, the medium-term outlook remains bearish. The Fear & Greed index currently reads 69 (Greed), indicating potential overvaluation and investor optimism.

Technical indicators show a predominantly bearish forecast, with 21 out of 24 indicators signaling negative sentiment. Key support levels are at $0.358746, $0.350662, and $0.337270, while resistance levels are at $0.380222, $0.393614, and $0.401698. The Relative Strength Index (RSI 14) is neutral at 39.19, suggesting no immediate overbought or oversold conditions.

In conclusion, the market sentiment for Sei remains bearish, with significant volatility expected. Investors should exercise caution and closely monitor market trends and key technical indicators.

Cardano (ADA) has experienced a significant downturn, losing 6.03% against the US Dollar in the past 24 hours. This decline is part of a broader negative trend, with ADA dropping 6.38% over the last month. The coin also underperformed against Bitcoin (BTC) and Ethereum (ETH), recording losses of 4.58% and 4.41% respectively.

Market sentiment for Cardano remains bearish, with 83% of technical indicators predicting further declines. The Fear & Greed index is currently at 69, indicating greed, which could suggest an overvalued market. Our forecast predicts ADA will drop by an additional 8.18% to $0.303909 within the next five days.

Investors should exercise caution as the market outlook for Cardano appears pessimistic.

Toncoin has experienced a significant downturn, losing 3.31% against the US Dollar in the last 24 hours, and underperforming the broader cryptocurrency market, which saw a 3.77% decline. Over the past month, Toncoin has dropped by 12.02%, reflecting a bearish medium-term trend. Despite a 109.18% increase over the past year, the current sentiment remains pessimistic.

Technical indicators largely signal a bearish outlook, with 23 out of 28 indicators forecasting a negative trend. Key support levels are identified at $4.80, $4.76, and $4.69, while resistance levels are at $4.91, $4.98, and $5.03. The Fear & Greed index stands at 69, indicating market greed, which could suggest overvaluation.

In summary, despite a long-term positive performance, the short-term and medium-term outlook for Toncoin remains bleak, with significant resistance ahead and a bearish market sentiment prevailing.

Zeebu Faces Market Challenges Amidst Volatility

Zeebu (ZBU) has experienced a notable decline, trading at $4.39 after a 3.41% drop in the last 24 hours. This underperformance is stark compared to the broader cryptocurrency market, which saw a 3.08% decrease in the same period. The coin also recorded a 1.51% loss against Bitcoin.

Despite a 6.98% gain over the past month, Zeebu's medium-term trend remains bearish, with a 4.85% drop in the last three months. The long-term outlook shows a 169.47% increase over the past year, but the current sentiment is neutral with a Fear & Greed index reading of 69 (Greed).

Technical analysis indicates key support levels at $4.45, $4.42, and $4.37, and resistance levels at $4.53, $4.59, and $4.62. The 50-day and 200-day Simple Moving Averages suggest a bearish trend, as ZBU trades below these critical indicators.

Overall, the market outlook for Zeebu remains uncertain, with mixed signals from various technical indicators and a generally bearish sentiment prevailing.

Maker (MKR) has experienced a significant decline, losing 3.27% against the US Dollar in the last 24 hours, and underperforming the broader cryptocurrency market, which saw a 3.69% decrease. Over the past month, MKR has dropped by 18.69%, and it is currently trading 27.00% below the predicted price of $1,612.74 for November 8, 2024. The coin is also down 12.28% compared to its value a year ago.

The market sentiment for Maker remains bearish, with 26 indicators signaling a negative forecast. Despite a Fear & Greed index reading of 69 (Greed), suggesting investor optimism, the overall outlook for MKR is pessimistic. Key support levels to watch are $1,184.97, $1,159.88, and $1,118.47, while resistance levels are at $1,251.47, $1,292.88, and $1,317.97.

Given the current market conditions and technical indicators, the forecast for Maker remains bleak, with significant volatility expected in the near term.

The Graph (GRT) has experienced a significant decline, losing 4.50% against the US Dollar in the last 24 hours. This underperformance extends to its trading pairs, with GRT/BTC and GRT/ETH both down by 2.83%. Over the past month, GRT has dropped 11.91%, though it remains up 20.58% year-over-year.

Despite a bearish sentiment and a Fear & Greed index reading of 69 (Greed), predictions indicate a potential 30.02% price increase in the next five days. However, the market's unpredictability and high volatility raise concerns about the sustainability of such forecasts. Investors should exercise caution and consider the broader market dynamics before making any decisions.