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Why is the cryptocurrency market declining? — Technical Analysis The recent decline in major digital assets is not random
Why is the cryptocurrency market declining? — Technical Analysis
The recent decline in major digital assets is not random — it reflects converging technical, macroeconomic, and behavioral keys simultaneously.
🔻 1. Strong rejection of resistance:
Many major cryptocurrencies like $BTC and $ETH, as well as altcoins like $SUI, $DOGE, and $NEAR, have recently reached long-term resistance areas on the four-hour and daily charts. These areas have acted as sell barriers, where large orders led to corrections. Breakout attempts have failed, resulting in panic exits from weak hands.
The recent decline in major digital assets is not random — it reflects converging technical, macroeconomic, and behavioral keys simultaneously.
🔻 1. Strong rejection of resistance:
Many major cryptocurrencies like $BTC and $ETH, as well as altcoins like $SUI, $DOGE, and $NEAR, have recently reached long-term resistance areas on the four-hour and daily charts. These areas have acted as sell barriers, where large orders led to corrections. Breakout attempts have failed, resulting in panic exits from weak hands.
Denis Dubon :
ssv está llendo al precio antes mencionado por su compañero de riesgos...
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