Market condition updated: Bears still active, Bulls Fighting back
The cryto market is currently showing weakness major coins like The
$ADA ,
$TRX ,
$WIF ,
#HBAR/ ,
#UNI and
#BananaS31Isdt have all dropped in price. for example:
WIF is down over 5%
#BANANAS31ISDT fell nearly 10%
and others like ADA,UNI,AND HBAR are also showing 2-3% losses
This tell us that sellers [bears] are in control for now, pushing price down. However, the drops aren't extremely sharp or one-sided-meaning buyer's [Bulls] are still active and trying to hole the levels.
This type of market is called a battle zone -where neither side has full control. it's usually followed by a breakout or breakdown
what to expect next:
if bulls get stronger, we may see another short-term bounce or reversal
But if bear stay dominant price could fall more from here
So right now, it's important to be carefu. avoiding random entries. wait fir confirmation either a strong bounce or a clear breakdown-before talking a trade.