Ahamadsorif

Ethereum has been a major victim of the ongoing crypto market onslaught, recording a 27.63% loss in the last month alone. The largest altcoin now trades around $2,800, representing a significant fall from the local cycle peak around $4,800. As prices continue to tumble with each new drop triggering waves of liquidation, analyst Ali Martinez has postulated on a market bottom target.

The crypto market continued to trade in red early Saturday, extending a sell-off fueled in part by liquidity shortage that followed October's sell-off and liquidation event.
At the time of writing, Solana was trading unchanged in the last 24 hours at $125.94, and down 11% weekly, extending a drop from Nov. 14 into the fourth day.

Dogecoin price started a fresh decline after it closed below $0.1620, like Bitcoin and Ethereum. DOGE declined below the $0.160 and $0.1550 support levels.
The price even traded below $0.150. A low was formed near $0.1448, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1593 swing high to the $0.1448 low. There is also a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair.

Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment.

Bitcoin’s (BTC) drawdown on Monday pushed the asset into a 26.7% loss, narrowly overtaking the 26.5% slide seen in April, and marking the steepest correction of the current bull market. The move red-lined multiple market structure indicators, suggesting the current correction could be a final leverage washout phase.

XRP price attempted a recovery wave above $2.30 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.250 and $2.20.

XRP price attempted a recovery wave above $2.320 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.30 and $2.250.

The Bitcoin price has ostensibly continued down in its bearish direction, which started in the second week of October. After slipping beneath the psychological $100,000 support, worries have surfaced among Bitcoin market participants regarding the broader market structure. Interestingly, the latest on-chain evaluation justifies this worry, as the downside bias for the Bitcoin price seems to be on the rise.

Bitcoin fell to $94,000 on Friday, driving concerns of further liquidation and heading towards a yearly low of $76,000. BTC faces growing downside pressure after dropping under its 365-day moving average, a level that has defined the current bull cycle’s support.