XMR is also nearing a breakdown move led by the formation of rising wedge, a classic bearish reversal pattern.
Strongly bearish fundamentals act as tailwind to Avalanche’s technically bearish setup.
An ascending triangle setup promises major price rebound in the Ethereum price in 2022.
The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens.
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether’s exposure to the U.S. credit system.
A mix of fundamental and technical indicators suggests more pain for Cardano bulls ahead.
APE risks crashing into unchartered price territory as it follows Bitcoin and the rest of the crypto market.
Bitcoin dominance has spiked to six-month highs at Ethereum’s expense as ETH/BTC suffers big losses.
Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff.
MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon’s partnership with Meta.