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Crypto market sees bear rally against mixed sentiment

Crypto market sees bear rally against mixed sentiment
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Polkadot Price Forecast: DOT primed to rally 30% after collecting liquidity

5/25/2021 7:48:36 AM GMT
Polkadot price looks ready for a bounce as it dips into a demand zone, stretching from $18.46 to $21.73.
The MRI’s buy signal adds credence to the bullish hypothesis.
A potential spike in buying pressure could propel DOT up by 30% to $28.96.
Polkadot price suffered a fatal drop like most altcoins during the market crash on May 19 and 23. However, unlike most cryptocurrencies, DOT seems to have spawned a confluence of buy signals that suggest a bullish phase will arrive shortly.
Polkadot price strengthens its upswing narrative
Polkadot price is currently trading at $22.41, just above the demand zone scales from $18.46 to $21.73. The recent dip into this area is likely to have provided DOT with buying pressure from sidelined investors. Therefore, Polkadot price is preparing for a move higher. ....

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Crypto market edges higher, but support shaky

Date Time
Crypto market edges higher, but support shaky
After a week of massive volatility and slump, the cryptocurrency market looks somewhat calm with signs of a stabilising relief recovery in thin volume trading as bargain hunters and technical traders have been in play to provide a risk-off tone to reverse the tipping point.
Bitcoin (BTC) is consolidating near US $36,400 after pushing above the first resistance level of US $35,000 and appears to be building momentum towards US $40,000 which can open the way even higher levels.
A similar surge in the past days was sold off sharply and eventually bulls lost the strength to push high. ....

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Cryptocurrency market set for more losses amid risk aversion

Date Time
Cryptocurrency market set for more losses amid risk aversion
The crypto market continues to extend losses across the board as prevailing selloff by institutional investors is showing no signs of abating on the back of a strong pickup in risk aversion.
As of press time, Bitcoin (BTC) is changing virtual hands at US $33,800, Ether (ETH) at US $2,100, ripple (XRP) at US $0.77, Binance Coin (BNB) US $265, cardano (ADA) at US $1.25, Dogecoin (DOGE) at US $0.29, ChainLink (Link) at US $20.36, UniSwap (UNI) at US $16.78, Polkadot (DOT) at US $17.80 and Stellar (XML) at US $0.35.
Investors and traders are growing increasingly nervous amid souring mood and negative outlook that may open up a long-lasting downward spiral, adding to the challenges facing digital asset holders in the market that has lost almost half of its capitalisation in the past week. ....

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bitcoin price: Top Cryptocurrency Prices Today: Bitcoin, Dogecoin, Ethereum all down; tech charts show promise

NEW DELHI: The cryptocurrency market is experiencing tough times after last week’s free fall. The strong volatility even drove many investors to bankruptcy. Crypto investors lost a whopping $830 billion in the last one week. The total market-cap of all cryptocurrencies stood at $1.49 trillion as of Monday morning.
The cryptocurrency market has lost about 60% of the total market-cap in the past one week, with the top two digital tokens Bitcoin & Ethereum – giving up significant gains from their all-time highs.
The price of Bitcoin, world s largest cryptocurrency, has recovered to $37,000 from $30,000, its lowest price since January this year. Other coins followed suit, crashing as much as two-third in the past couple of weeks. Reuters reported that this past Friday, both Bitcoin and Ethereum saw their biggest single-day falls since March 2020, when the pandemic began. ....

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