The Ironwood upgrade helped reinstate confidence in the network, but not enough to attract strong capital inflows.
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The lower BONK goes over the weekend, the denser the magnetic zone overhead is likely to get.
The altcoin could challenge the overhead supply zone 25% higher next.
Not all LTHs are under stress in these market conditions.
The steady selling pressure in recent days has forced XLM to drop below a key Fibonacci retracement support level.
The technical indicators on the 1-day timeframe remained bullish, so why is SHIB sliding lower so quickly in the past 48 hours?
The RSI was at a deeply oversold level of 16 on the 4-hour timeframe, and Canton crypto might see a minor price bounce in the coming days.
The Bitcoin market is forming a bottom, but confirmation of a bullish trend shift was not yet at hand.
The perceived scarcity of Ethereum was based on falling exchange reserves and rising staked volume.
Clustered short liquidations above $200 threatened a short squeeze, and a lack of demand could lead to a TAO price slump.
ONDO faced aggressive selling pressure in both the spot and derivatives markets, CryptoQuant data showed.
Since mid-July, Bitcoin Cash has only been able to bounce high enough to test local supply zones before sliding lower.