Recent price fluctuations in the crypto currency market have increased investors’ concerns. The harsh retreats seen in leading crypto currencies such as XRP, Island and Dogge, combined with the effect of weak indicators in technical analysis and global economic uncertainties. In particular, going below the technical support levels indicates that the fall trend gains strength. Market analysts say that investors should follow this process carefully and review their risk management strategies.
Technical pressure is increasing in XRP, Island and Dge
The XRP suffered a 14 %loss of value, hanging below the $ 2.00 level, which is of decisive importance in the daily graph. The head and shoulder formation, which is frequently followed in technical analysis, signals the new decreases, while the 21 -day exponential moving average can no longer be a strong resistance point. These developments led to XRP investors to take more cautious positions in the short term.
Similarly Cardano $0.63756The local Token’s island fell by 12 %and clearly demonstrated the impact of sales pressure. The island, which fell below the simple 50 -day simple moving average, could not maintain this level as support, and gave the message that a downward control continues in the graph. The negative appearance in basic technical indicators such as RSI and MACD indicates that the dominance of the sellers continues.
On the Doge side, prices, which decreased to $ 0.16, brought about a decrease of approximately 15 %. Especially in the 4 -hour graphics, the “Death Cross” formation increased risk signals for investors. The intersection points in the moving averages offer strong indicators that the decline trend can continue in the coming days.
Global uncertainty is suppressing the crypto money market
The decline in the crypto money market was not limited to technical indicators. Increasing recipe wars and economic instability on a global scale damage investor confidence. Famous investor Bill Ackman’s describing the recipe wars as “economic nuclear war” stands out as a striking interpretation that reveals the seriousness of the process. Such global developments prepare the ground for fluctuations not only in the stock markets but also in the crypto currency market.
According to the analyzes, the relative power index of the XRP (RSI) has decreased to 30 levels. This level is generally considered as an over -selling zone and can technically raise the possibility of a short -term recovery. However, there are similar decrease tendencies for the island and Dogge, and investors continue to be cautious. The market is not expected to exhibit a stable rise before finding new levels of support.
Market analysts emphasize that existing technical levels are decisive on the downward trend, while the new support points should be formed to re -balance prices. At this stage, investors should move cold -blooded and focus on protecting their portfolios against high volatility.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
