Ethereum

Cardano

Long

Solana

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<ul> 
 <li>Crypto markets experience a major sell-off, with Bitcoin, Ethereum, and prominent altcoins plunging in value.</li> 
 <li>Liquidations exceed $937 million, predominantly affecting long positions, suggesting potential pre-halving pressure.</li> 
 <li>“This could be tagged a pre-halving rally considering the Bitcoin halving is about seven days away,” market analysts note.</li> 
</ul> 
<p><strong>The crypto market is reeling from a major sell-off. Get the latest analysis on Bitcoin, Ethereum, Solana, and Cardano price action, potential causes, and where the market might head next.</strong></p> 
<h2 id="strong-crypto-bloodbath-liquidations-and-price-analysis-strong"><strong>Crypto Bloodbath: Liquidations and Price Analysis </strong></h2> 
<p>The past 24 hours have dealt a harsh blow to the crypto market. Widespread price crashes and staggering liquidations (totaling $937.32 million) have left investors shaken. Long positions bore the brunt of these liquidations, hinting at potential financial pressure ahead of the Bitcoin halving.</p> 
<h3 id="strong-bitcoin-btc-can-bulls-stage-a-recovery-strong"><strong>Bitcoin (BTC): Can Bulls Stage a Recovery?</strong></h3> 
<p>Bitcoin tumbled to $65,000, but bulls are fighting back, pushing the price to $67,445. However, the RSI remains bearish, and resistance at $70,602 poses a challenge. Analysts will be watching whether momentum can shift for a sustained recovery.</p> 
<h3 id="strong-ethereum-eth-facing-downside-risks-strong"><strong>Ethereum (ETH): Facing Downside Risks</strong></h3> 
<p>ETH’s thwarted attempt to breach $3,700, coupled with the bearish Awesome Oscillator, suggests the risk of dropping to $3,082 remains. If bulls can’t reverse the trend, the decline may deepen.</p>
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<h3 id="strong-solana-sol-sideways-action-likely-strong"><strong>Solana (SOL): Sideways Action Likely</strong></h3> 
<p>SOL’s sharp decline has stalled, indicating potential sideways consolidation between $149.29 and $167.52. A surge in buying pressure might allow a break towards $180.42, but this seems less likely in the short term.</p> 
<h3 id="strong-cardano-ada-recovery-faces-uphill-battle-strong"><strong>Cardano (ADA): Recovery Faces Uphill Battle</strong></h3> 
<p>ADA suffered a disproportionate drop, falling to $0.45. The lack of buying power (reflected in the OBV) and the oversold RSI point to a difficult path back towards $0.59. However, increased buying pressure could push it closer to $0.55.</p>
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<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The crypto market’s sudden downturn highlights its inherent volatility. Pre-halving dynamics may be a contributing factor. Investors should monitor market sentiment and technical indicators closely for signs of potential shifts and adjust their strategies accordingly.</p>

Bitcoin, Ethereum, Altcoins Crash: Is a Pre-Halving Sell-Off Imminent?

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