Bitcoin worth is exhibiting a bear flag fractal kind on a decrease timeframe, forecasting a 30% crash. A breakdown of the $30,000 psychological stage from a weekly time-frame would additional assist the bears’ case. The macro bearish outlook may face invalidation if BTC produces the next excessive above $52,000.
Terra’s LUNA 2.0 worth has dipped under $5, crashing by greater than 60% over the previous week. The Layer 1 token reached a low of $4.50 and it’s hovering round $4.80 on the time of writing. Additional promoting stress may ship LUNA 2.0 worth to retest Might 28’s low at $3.50.
Safemoon worth has been in a correction mode for greater than per week and is approaching a reversal zone. Whereas this downswing will alleviate the sell-side stress, it can additionally permit sidelined consumers to leap in and set off one other leg-up.