Hello Tronfanclub community,
As mentioned earlier, the cryptocurrency market has seen a sharp decline in prices over the past week and Ethereum, Ripple, Cardano, Binance Coin, and Solana are no exception. The sentiment in the market has turned bearish, with sellers dominating and buyers under pressure.
source:from trading view
Ethereum has fallen to a critical support level at $1,550, and a break below this level could lead to a further drop in price Similarly, Ripple has also fallen to a key support level at 36 cents, and the momentum indicator suggest that the bearish trend could continue.
source:from trading view
Cardano has suffered a significant drop, breaking below its critical support level at 35 cents, and is currently on its way to reaching the next support level at 30 cents Binance Coin has good support at $290, but if buyers fail to hold off at this level the next support level is at $250.
source:from trading view
Solana has suffered the biggest drop, with its price falling by 12% and is currently sitting on a critical support level at $20. Buyers must hold this level, or the next key support level will be at $15.
source:from trading view
In conclusion, the cryptocurrency market has turned bearish and sellers are currently dominating. The momentum indicators suggest that this trend could continue for some time, and buyers will need to hold off at critical support levels to prevent further declines in prices.
As always, its essential to do your own research and make informed decisions before investing in any cryptocurrency. Stay safe and stay informed.
Thanks for the information
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