Selling builds near $0.20 resistance after multiple failed breakout attempts, while macro stress keeps traders defensive across alt markets.
DOGE Consolidates Near Lows, But Watch $0.194 for Breakdown or Short-Cover Rally
Selling builds near $0.20 resistance after multiple failed breakout attempts, while macro stress keeps traders defensive across alt markets.
Shares:
U.S. GDP turned negative in the first quarter, while prices rose more than forecast; ADP jobs data was the weakest in nearly one year.
Long-term bitcoin holders are selling at the fastest pace since August, while some industry observers suggest the market may be approaching a bear-market bottom.
Stellar (XLM) slid 2.2% amid heavy selling at the $0.2815 resistance level, confirming continued bearish momentum as volume spiked.
The decline in volatility across asset classes likely reflects expectations for easy monetary policy and economic stability; however, some analysts are warning of potential downside risks.