$BNB
$SOL
$XRP
NEAR Protocol corrects by 8%... Will the decline continue? 📉
After NEAR touched its yearly high near the $6 mark, the coin entered a sharp downward correction, losing more than 8% of its value.
⚠️ What are the reasons behind this decline?
1️⃣ Broad market downturn: A collective decline is gripping the cryptocurrency market.
2️⃣ Deleveraging: A wave of rapid liquidations in the derivatives and futures markets.
3️⃣ Declining liquidity: A notable drop in inflows to exchange-traded funds (ETFs).
📉 Technical outlook and current levels:
• The token broke through the key support zone between $4.39 and $4.45 (which has now turned into strong resistance).
• The price is currently trading near $4.08.
🔮 What comes next:
Attention is now turning to the next support level at $3.88. If buyers (bulls) fail to hold this level and regain momentum, we may see further declines as the price tests lower levels.#BinanceReopensWithdrawalsForMoreAssets #Binance98PercentReplenished #ADPUSPrivateEmployersAdd86000JobsInOctober #USMidterms-WhatAreMarketsExpecting? #TRUMPFalls18.1%In24HoursToRecordLow
$SOL
$XRP
NEAR Protocol corrects by 8%... Will the decline continue? 📉
After NEAR touched its yearly high near the $6 mark, the coin entered a sharp downward correction, losing more than 8% of its value.
⚠️ What are the reasons behind this decline?
1️⃣ Broad market downturn: A collective decline is gripping the cryptocurrency market.
2️⃣ Deleveraging: A wave of rapid liquidations in the derivatives and futures markets.
3️⃣ Declining liquidity: A notable drop in inflows to exchange-traded funds (ETFs).
📉 Technical outlook and current levels:
• The token broke through the key support zone between $4.39 and $4.45 (which has now turned into strong resistance).
• The price is currently trading near $4.08.
🔮 What comes next:
Attention is now turning to the next support level at $3.88. If buyers (bulls) fail to hold this level and regain momentum, we may see further declines as the price tests lower levels.#BinanceReopensWithdrawalsForMoreAssets #Binance98PercentReplenished #ADPUSPrivateEmployersAdd86000JobsInOctober #USMidterms-WhatAreMarketsExpecting? #TRUMPFalls18.1%In24HoursToRecordLow