Ethereum

bullish

Solana

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/crypto-price-today-bears-drag-down-bull-run-chances/" rel="noopener noreferrer nofollow">Crypto Price Today: Bears Drag Down Bull Run Chances?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Last night, the crypto market experienced a major drop in valuations, which resulted in a massive surge in liquidations. The crypto market witnessed a 5.29% drop in valuations, marking a third consecutive bearish day.&nbsp;</p>
<p>In the past three days, the crypto market valuation has decreased by 7.88% and stands at the brink of a $2 trillion market cap. As the downfall gains momentum, let’s have a closer look at the top crypto prices in an attempt to find the bottom.&nbsp;</p>
<h2 class="wp-block-heading" id="h-crypto-prices-to-watch-today-nbsp">Crypto Prices To Watch Today:&nbsp;</h2>
<h3 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h3>
<p>Amid the downfall, the <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> price declined 5.45% yesterday and made a second consecutive bearish candle. After the bullish failure to surpass the $65,000 resistance level, an evening star re-ignites the negative cycle.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="795" src="https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502.png" alt="BTC Price 28 aug 2024" class="wp-image-343572" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502-1536x763.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-502-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p>Over the past two days, the Bitcoin price has dropped 7.50%. It is currently trading below $60,000 at $59,329. With the bearish trend gaining momentum, the VI lines in the DMI indicator give a negative crossover, with an uptick in the ADX line signaling a surge in trend momentum.&nbsp;</p>
<p>Considering the bearish momentum continues, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">BTC price</a> can put the $57,500 and $54,000 levels at risk.&nbsp;</p>
<h3 class="wp-block-heading" id="h-ethereum-eth">Ethereum (ETH)</h3>
<p>Similar to Bitcoin, <a href="https://markets.coinpedia.org/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> struggles to absorb the massive incoming supply. With the declining trend, the year-to-date growth has come down to 8.84% for Ethereum and registered an 8.30% drop yesterday.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504.png" alt="ETH price 28 aug 2024" class="wp-image-343574" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>With a similar evening star pattern, Ethereum has dropped by 11% in the last three days. Currently, it is trading below $2,500 at $2,467, with a minor recovery of 0.36%.&nbsp;</p>
<p>Further, with the bearish shift in the Ethereum price trend, the VI lines fail to give a bullish crossover, and the bearish gap widens between the two lines. If the downfall continues, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">ETH price</a> can drop to the $2308 or $2200 support levels.&nbsp;</p>
<h3 class="wp-block-heading" id="h-solana-sol">Solana (SOL)</h3>
<p>With a triple bottom formation in the daily chart, the underlying weakness is quite visible in the <a href="https://markets.coinpedia.org/solana/" rel="noopener noreferrer nofollow">Solana</a> price chart. Over the last few days, the Solana price has formed three consecutive bearish candles.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503.png" alt="SOL price 28 aug 2024" class="wp-image-343573" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124746/image-503-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>The downfall accounts for an 8.38% drop. Currently, the crypto price today is trading at $147.30, with a minor recovery of 0.26%. Considering the rounding bottom falls out, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">SOL price</a> can find support at the $140 and $130 levels.&nbsp;</p>
<h2 class="wp-block-heading" id="h-toncoin-ton">Toncoin (TON)</h2>
<p>Apart from the news of Pavel Durov’s arrest in France, the <a href="https://markets.coinpedia.org/toncoin/" rel="noopener noreferrer nofollow">TonCoin</a> struggles to hold bullish dominance at the $5 support level. With The Open Network blockchain halted for more than 4 hours, the sell-off rally is on the cusp of a new low formation.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504.png" alt="ton price 28 aug 2024" class="wp-image-343575" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/28124747/image-504-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>However, despite the broader market downfall, the <a href="https://coinpedia.org/price-prediction/toncoin-ton-price-prediction/" rel="noopener noreferrer nofollow">TON price</a> registered a 6% jump yesterday. However, the bullish trend fails to sustain momentum, resulting in a 1.84% pullback today, and the crypto price today price trades at $5.34.&nbsp;</p>
<p>As the buyers struggle to hold the dominance at the $5 support level, the downfall could test the $4.31 or $3.49 support level.</p>
<p>In conclusion, with the top altcoins struggling to hold the prices today are likely to follow a bearish path down to the nearest support levels.&nbsp;</p>

Crypto Price Today: Bears Drag Down Bull Run Chances?

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