If the price of Ether (ETH) falls by a further 20%, the price decline could trigger a cascade of up to $336 million in decentralized finance (DeFi) liquidations, according to Kevin Rusher, founder of the real-world asset (RWA) lending platform RAAC.
The executive warned that a decline to $1,857 would trigger $136 million in liquidations, and a price drop to $1,780 could potentially trigger an additional $117 million in loan liquidations — making these the next price levels to watch.
Rusher added that the worst-case scenario would be a 20% drop in ETH’s price to around the $1,500 price level, which could liquidate $336 million in DeFi loans, sending the markets tumbling. In a written statement shared with Cointelegraph, Rusher said:
“The main catalyst of this crisis is a single $130m ETH-backed loan in Sky, formerly Maker, which is on the verge of collapse despite the borrower scrambling to add more collateral. Every cycle, crypto-backed loans suffer from extreme volatility, leading to cascading liquidations that crash the price of assets.”
The executive called for integrating RWAs, such as real estate and gold, which feature much stabler values, into the DeFi ecosystem to offset volatility and prevent cascading liquidations due to overleveraging.
Ether has dropped to multi-year lows against Bitcoin (BTC), signaling another potential 30% drop against the supply-capped asset, and led to some analysts predicting a potential $1,600 price bottom for ETH.
ETH’s price has declined by over 15% in the past seven days and has been trading well below its 200-day exponential moving average (EMA) since February.
The relative strength index (RSI) is currently at 31, which is almost in oversold territory, potentially representing a local bottom and could signal an impending price reversal.
Current Ethereum price action and analysis. Source: TradingView
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
A death cross occurs when a bearish crossover occurs between the 50-day and 200-day simple moving averages (SMAs), with the long-term indicator above the short-term indicator.
Last month, the 50-day and 200-day exponential moving averages (EMAs) triggered a death cross on Solana’s one-day chart, after which prices dropped 17%, from $137 to $122.
While the SMA and EMA death crosses carry similar implications, the EMA triggers the death cross faster since it responds more quickly to price changes. A double death cross from the SMA and EMA will likely increase the possibility of a correction.
Historically, the odds are neutral for Solana. Since its inception, SOL’s price has witnessed a death cross three times (including 2025) when prices have been on a 90-day or higher downtrend.
The first death cross in 2022 triggered a 90% collapse, but the FTX’s fiasco escalated its severity. The second death cross occurred in September 2024, but it reversed within a month, leading to the Trump rally.
Yet, the current structure and sentiment mirror the 2022 death cross when we compare market conditions. On both occasions, a new all-time high preceded the downtrend, which led to the death cross.
As Cointelegraph reported, Solana’s revenue dropped 93% since January, dropping from $238 million to $32 million. This indicates a current lack of activity on Solana’s network after the end of the memecoin frenzy.
Can Solana traders defend $125?
Based on its technicals, Solana remains in a tricky spot when comparing previous death cross returns and collective market sentiment.
Solana must hold support between $125 and $110 for a bullish reversal. Since March 2024, SOL prices have rebounded six times after testing the support range, closing above $125 on each weekly retest.
A weekly close below $125 will signal market weakness, potentially increasing the likelihood of a drop below $100. The immediate price target after $110 is around $80 for Solana, which is a significant 30% correction. The downtrend target carries confluence with the weekly 0.5 Fibonacci retracement line.
Solana bullish divergences on the 1-day and 4-hour chart. Source: Cointelegraph/TradingView
However, the bulls will pin their hopes on a bullish divergence between the price and relative strength index (RSI) on the 1-day and 4-hour charts.
If Solana manages to avoid another lower low, the divergences will remain valid, which can push prices higher above $125, enabling Solana to avoid a drop below $100 and possibly establish a bottom at $112.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Wallet in Telegram, a third-party cryptocurrency wallet Mini App on Telegram, is set to expand its custodial crypto services, adding at least 50 new cryptocurrencies and launching an earn feature for users.
The Open Platform (TOP), the largest venture builder in The Open Network (TON) ecosystem, which manages Wallet in Telegram as one of its portfolio businesses, announced the rollout of the next wallet generation on March 13, introducing a wide range of new features.
With the rollout, Wallet in Telegram will add at least 50 new crypto assets, including major cryptocurrencies Ether (ETH) and XRP (XRP), as well as memecoins like Dogecoin (DOGE) and Pepe (PEPE), a spokesperson for Wallet told Cointelegraph.
Source: Wallet in Telegram
Wallet’s new generation is set to be rolled out within the next two months and will also introduce an “Earn” feature, which will allow users to gain yields on assets including Tether’s USDt (USDT).
Initial rollout limited to in-app transactions
Initially, Wallet users will be able to buy, sell and hold non-TON tokens without onchain deposits or withdrawals, meaning altcoin transactions to other wallets and exchanges will not be allowed.
“The current stage of the rollout is only available for in-app transactions for non-TON tokens,” Wallet’s spokesperson said, adding that the altcoin option is only available for trading within the custodial wallet. The spokesperson added:
“We focus primarily on the TON Ecosystem and maintain a full range of operations for TON-native tokens within the custodial Wallet. At the same time, we see consumer interest in expanding the portfolio with other assets and want to provide them with such an option in trade-only mode.”
“The list of tokens is not final yet, as it will be rolling out gradually within the next two months,” the spokesperson said, adding that the first release will feature 50 assets, with a full list now being finalized.
Wallet’s Earn: Minimum deposit is 0.1 TON
In addition to expanding Wallet with a large number of altcoins, TOP is working to introduce the new “Trade” section and the “Earn” section.
Starting with Toncoin (TON), the first Earn campaign will provide a “flexible yield” on TON deposits, with a minimum deposit amount of 0.1 TON.
“The yield is generated from TON staking,” the spokesperson for Wallet said.
In addition to Toncoin, Wallet plans to expand the earn offering to more altcoins and stablecoins, including Tether’s USDt (USDT), the announcement stated.
The average Ethereum gas fee has dropped by 95% in the year following the Dencun upgrade, one of Ethereum’s most significant network improvements.
On March 13, 2024, Ethereum’s Dencun upgrade was rolled out. The upgrade combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer. It also introduced nine Ethereum Improvement Proposals (EIPs).
The primary goal was to enhance Ethereum’s scalability and reduce transaction costs for layer-2 networks. According to YCharts data, Ethereum’s average gas fee has fallen from 72 gwei in 2024 to just 2.7 gwei as of March 12, 2025.
Last year, an average swap cost users $86 in fees, while non-fungible token sales averaged $145 in gas fees. At the time of writing, Etherscan data showed that an average swap would cost $0.39, while an NFT sale would average $0.65.
Ethereum average gas fee. Source: YCharts
Ether price has dropped 53% since the Dencun Upgrade
Despite the sharp drop in gas fees, Ether (ETH) price has declined by 53% since the Dencun upgrade.
During the upgrade in March 2024, ETH was trading above $4,070. One year later, as of March 13, 2025, ETH was valued at around $1,891, according to CoinGecko data.
Ether’s 1-year price chart. Source: CoinGecko
In a statement sent to Cointelegraph, Dominik Harz, the co-founder of hybrid layer-2 Build on Bitcoin (BOB), said Ethereum has “underperformed” recently:
“Monday’s price drop erased all DeFi TVL gains since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the industry is searching for a new, more sustainable and secure frontier for DeFi.”
On March 5, Ethereum’s next major upgrade, Pectra, rolled out on its final testnet, Sepolia. However, the team started seeing error messages and empty blocks being mined.
Ethereum developer Marius van der Wijden confirmed that a fix was deployed, but an unknown user later triggered the same error, leading to further issues. The development team has since managed to stabilize the testnet and successfully process transactions.
Harz said that while these testnet issues are “disrupting the mainnet launch,” they are far from Ethereum’s biggest problems. The executive said that once Pectra goes live, it will double the available data space for layer-2s, reduce costs and increase execution capacity.
“While that’s a step in the right direction, the reality is that Ethereum is quickly losing its position as the go-to chain for builders, and Pectra isn’t the fix-all solution to its deeper issues,” Harz said.
Bybit CEO Ben Zhou commented on a recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to an Ether whale’s high-leverage trade, noting that centralized exchanges (CEXs) face similar challenges.
On March 12, a crypto investor walked away with $1.8 million and forced the Hyperliquidity Pool (HLP) to bear a $4 million loss after a trade that used leverage on the Hyperliquid decentralized exchange (DEX).
The trader used about 50x leverage to turn $10 million into a $270 million Ether (ETH) long position. However, the trader couldn’t exit without tanking their own position. Instead, they withdrew collateral, offloading assets without triggering a self-inflicted price drop, leaving Hyperliquid to cover the losses.
Smart contract auditor Three Sigma said the trade was a “brutal game of liquidity mechanics,” not a bug or an exploit. Hyperliquid also clarified that this was not a protocol exploit or a hack.
Hyperliquid lowers leverage trading for BTC and ETH
In response to the trade, Hyperliquid lowered its Bitcoin (BTC) leverage to 40x and its ETH leverage allowance to 25x. This increases the maintenance margin requirements for larger positions on the DEX. “This will provide a better buffer for backstop liquidations of larger positions,” Hyperliquid stated.
In an X post, the Bybit CEO commented on the trade, saying that CEXs are also subjected to the same situation. Zhou said their liquidation engine takes over whale positions when they get liquidated. While lowering the leverage may be an effective solution, Zhou said this could be bad for business:
“I see that HP has already lowered their overall leverage; that’s one way to do it and probably the most effective one, however, this will hurt business as users would want higher leverage.”
Zhou suggested a more dynamic risk limit mechanism that reduces the overall leverage as the position grows. The executive said that in a centralized platform, the whale would go down to a leverage of 1.5x with the huge amount of open positions. Despite this, the executive recognized that users could still use multiple accounts to achieve the same results.
The Bybit CEO added that even the lowered leverage capabilities could still be “abused” unless the DEX implements risk management measures such as surveillance and monitoring to spot “market manipulators” on the same level as a CEX.
Following the liquidation event of the ETH whale and the losses the HLP Vault suffered, the protocol experienced a massive outflow of its assets under management. Dune Analytics data shows that Hyperliquid had a net outflow of $166 million on March 12, the same day as the trade.
Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts.
Crypto-wide trading volume has been dropping since it peaked in February amid dip-buying opportunities. According to CoinGecko data, daily trading volume hit its highest level this year in early February when it reached $440 billion. It has since sunk by 63% to $163 billion on March 12.
Market data firm CoinMarketCap has slightly lower figures but they show the same trend — that volume peaked in 2025 in early March before falling back 52% to current levels.
Analytics firm Santiment said on X on March 13 that this decline in volume suggests that trader enthusiasm for the asset class is diminishing.
“When trading volume for major cryptocurrencies consistently drops, even during slight price recoveries, it typically points toward diminishing trader enthusiasm.”
Santiment added that trader behavior “indicates a mix of exhaustion, hopelessness, and capitulation” following further market capitalization declines over the past fortnight.
Total market capitalization has declined almost 25% since the beginning of February, shrinking by $900 billion as the crypto market correction deepens.
Those declines have accelerated over the past 10 days when markets have lost 15% as fears of a recession in the United States increased amid escalating global trade tensions.
Santiment stated that traders are becoming cautious, suggesting they might not believe that the current upward price movements will last. “Essentially, reduced trading activity reflects uncertainty, as fewer traders are convinced that buying at current levels will yield profitable outcomes,” the analysts added.
Weakening trading volume amid minor price bounces can serve as an “early warning sign of weakening market momentum,” Santiment reported, adding that without robust buying participation, price gains can quickly lose steam, “as there simply isn’t enough underlying support to sustain the upward trend.”
“This leads to the possibility that any rebound could be temporary, with prices vulnerable to another downturn.”
However, shrinking volume during minor rebounds isn’t necessarily a direct bearish signal, it said, adding that volume is a metric that measures participation from both retail and institutional traders and it needs to start rising before prices do.
“To signal a healthier and more sustainable recovery, bulls generally will want to see both rising prices and rising volumes simultaneously.”
Crypto market capitalization is currently around $2.8 trillion, which is where it was this time last year before seven months of consolidation followed.
Meanwhile, the Crypto Fear & Greed Index remains in “fear” territory, below 50, where it has been since Feb. 21.
Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.
Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.
“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.
Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: Santiment
Speaking to Cointelegraph, Vincent Liu, chief investment officer at Kronos Research, said traders often accumulate Tether during dips to position themselves for buying opportunities, adding buy pressure that can help crypto prices recover.
He speculates the uptick in USDT wallet activity likely reflects traders capitalizing on recent market volatility.
“Possible causes include broader economic uncertainties, crypto-specific events like regulatory developments or post-election sentiment shifts, and Tether’s role as a stable haven, making it an ideal holding for investors preparing to deploy capital strategically,” Liu said.
Liu says the surge in USDT activity is a bullish indicator, suggesting significant buying power on the sidelines, but the crypto market’s recovery will likely depend on factors like macroeconomic conditions, regulatory clarity, and investor confidence.
“However, with the inflation rate easing to 2.8% in February, lower than expected in recent CPI data, this could reduce pressure on crypto prices and signal a more favorable environment,” he said.
“Additionally, the upcoming Federal Open Market Committee (FOMC) on March 18th may provide further indications on interest rates and monetary policy, potentially influencing market development and recovery,” Liu added.
During a March 12 speech at the Cantor Fitzgerald Global Technology Conference, he said that as it stands, around 37% of USDT users are using it as a savings account to store value.
“They don’t have bank accounts. The only thing that they have in their life is usually cash,” Ardoino said.
“Now they finally can hold the most used and most important stable currency in the world, that is the US dollar, but they keep it in their smartphones as their savings account.”
At the same time, Ardoino said, Tether is acting as one of the “last strongholds for the US dollar” amid growing concerns that the US dollar could lose dominance as the world’s reserve currency and a go-to for international transactions and commodity trades.
The stablecoin issuer has also been working to curb bad actors in the space, collaborating on more than 170 law enforcement operations and freezing $2.5 billion in illicit funds, according to Ardoino.
Bitcoin’s (BTC) dominance has crested new highs as altcoins’ short-lived rally fizzles, according to data from Matrixport, a cryptocurrency financial services platform.
As of March 12, Bitcoin dominance — a measure of Bitcoin’s share of crypto’s overall market capitalization — stands at 61.2%, according to Matrixport. This is up from a cycle low of around 54% in December.
Rising BTC dominance is “clear evidence that the altcoin rally was short-lived,” Matrixport said in a post on the X platform.
“It lasted barely a month, from [US President Donald] Trump’s election in November to early December, when a stronger-than-expected U.S. jobs report shifted market focus toward a more hawkish Federal Reserve,” Matrixport said.
Bitcoin’s dominance typically wanes near the end of market cycles as capital rotates into altcoins — digital assets besides Bitcoin.
In January, the US Federal Reserve opted to hold interest rates steady instead of starting another round of cuts, citing healthy US jobs data.
The Fed’s hawkish tone dealt a blow to stocks and cryptocurrencies. Bitcoin’s spot price has dropped approximately 20% since the central bank’s Jan. 29 announcement. As of March 12, Bitcoin trades at roughly $82,750. It hit an all-time high of more than $109,000 in December.
Altcoins are even more sensitive to macroeconomic volatility than Bitcoin. “Savvy traders have rotated out of altcoins and into Bitcoin, which, despite its own decline, has significantly outperformed the broader crypto market,” Matrixport said.
The next leg of Bitcoin’s rally depends largely on whether the Fed opts to hike interest rates to stave off inflation, Matrixport noted.
On March 12, the February Consumer Price Index — a measure of US inflation — came in lower than expected at around 2.8%.
“This marks the first decline in both Headline and Core CPI since July 2024,” The Kobeissi Letter said in an X post. “Inflation is cooling down in the US.”
Data from the CME Group, a US derivatives exchange, indicates that markets overwhelmingly expect the Fed to hold rates steady at its next meeting in March.
The recent GENIUS stablecoin bill is merely a thinly veiled attempt to usher in central bank digital currency (CBDC) controls through privatized means, according to Jean Rausis, co-founder of the Smardex decentralized trading platform.
In a statement shared with Cointelegraph, Rausis said that the US government will punish stablecoin issuers that do not comply with the new regulatory framework, similar to the European Union Markets in Crypto-Assets (MiCA) regulations. The executive added:
“The government realizes that if they control stablecoins, they control financial transactions. Working with centralized stablecoin issuers means they can freeze funds anytime they want — essentially what a CBDC would allow. So, why bother creating a CBDC?”
“With stablecoins under the government’s control, the result is the same, with the false veneer of decentralization added as a bonus,” the executive continued.
Decentralized alternatives to centralized stablecoins, such as algorithmic stablecoins and synthetic dollars, will prove to be a valuable bulwark against this creeping government control over crypto, Rausis concluded.
Revamped GENIUS bill to include stricter provisions
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, introduced by Tennessee Senator Bill Hagerty on Feb. 4, proposed a comprehensive framework for overcollateralized stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC).
The bill was revamped to include stricter Anti-Money Laundering, reserve requirements, liquidity provisions and sanctions checks on March 13.
These additional provisions will presumably give US-based stablecoin issuers an edge over their offshore counterparts.
During the recent White House Crypto Summit, US Treasury Secretary Scott Bessent said the US would use stablecoins to ensure US dollar hegemony in payments and protect its role as the global reserve currency.
Largest holders of US government debt. Source: Peter Ryan
Centralized stablecoin issuers rely on US bank deposits and short-term cash equivalents such as US Treasury bills to back their digital fiat tokens, which drives up demand for the US dollar and US debt instruments.
Stablecoin issuers collectively hold over $120 billion in US debt — making them the 18th-largest buyer of US government debt in the world.
Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12.
Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.”
Glassnode also projected a similar target in its March 11 market report. The onchain analytics firm said the recent sell-off had been triggered by the short-term holders who may have purchased near the peak in January. Glassnode added that Bitcoin could bottom out near $70,000 if selling persists.
It is not only the crypto markets; even the US stock market has been under pressure in the past few days. However, a silver lining for the bulls is that the US Dollar Index (DXY) has corrected from its multi-year high above 110 to under 104. Bitcoin generally moves in inverse correlation with the dollar, suggesting that a bottom may be around the corner.
Could Bitcoin retest the support at $76,606 or rise above $85,000? What are the important support and resistance levels to watch out for in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin broke below the $78,258 level on March 10 and fell to $76,606 on March 11, but the bears could not sustain the lower levels. This suggests solid buying by the bulls.
The relief rally is facing selling near the 20-day exponential moving average ($87,262), but a minor positive in favor of the bulls is that the relative strength index (RSI) is showing a positive divergence. Buyers will have to drive the price above the 20-day EMA to suggest that the correction could be ending. The BTC/USDT pair may then ascend to the 50-day simple moving average ($94,654).
On the downside, the bulls are expected to defend the $73,777 level with all their might because a break below it may sink the pair to $67,000.
Ether price analysis
Ether (ETH) fell below the $1,993 support on March 9 and extended the decline, reaching $1,754 on March 11.
The bulls are trying to start a recovery, which is expected to face significant resistance at the breakdown level of $2,111. If the price turns down sharply from $2,111, it will signal that the bears have flipped the level into resistance. That heightens the risk of a break below $1,754. The ETH/USDT pair may then slump to $1,500.
Conversely, a break above the 20-day EMA ($2,235) suggests that the markets have rejected the break below $2,111. The pair may then climb to $2,800, where the bears are expected to step in.
XRP price analysis
XRP (XRP) fell below the $2 support on March 11, but the bears could not sustain the lower levels, as seen from the long tail on the candlestick.
The bears are trying to stall the recovery at the 20-day EMA ($2.35). If the price continues lower, the possibility of a break below $2 increases. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. There is minor support at $1.77, but if the level cracks, the decline could extend to $1.28.
Contrary to this assumption, if the price breaks above the 20-day EMA, the pair could rise to the 50-day SMA ($2.58) and later to $3.
BNB price analysis
BNB (BNB) turned up from $507 on March 11, indicating that the bulls are aggressively defending the $500 to $460 support zone.
The relief rally is expected to face selling at the 20-day EMA ($592). If the price turns down sharply from the 20-day EMA, the bears will try to sink the BNB/USDT pair below $500. The pair may drop to $460 if they can pull it off.
Instead, if the price rises above the 20-day EMA, it will signal that the pair may remain inside the $460 to $745 range for a while longer. The bulls will be back in the driver’s seat on a break and close above the 50-day SMA ($628).
Solana price analysis
Solana (SOL) turned up from $112 on March 11, signaling that the bulls are fiercely defending the $110 support.
The RSI shows early signs of forming a positive divergence, indicating that the bearish momentum could weaken. The first sign of strength will be a break and close above the 20-day EMA ($145).
If the price turns down from the current level or the 20-day EMA, it suggests that every minor rally is being sold into. That increases the risk of a break below $110. The SOL/USDT pair could tumble to $98 and subsequently to $80.
Cardano price analysis
Cardano (ADA) rebounded off the uptrend line on March 11, suggesting that the bulls are trying to stop the decline.
The bears are unlikely to give up easily and are expected to sell at the moving averages. If the price turns down from the moving averages, it will signal selling on rallies. The bears will then try to strengthen their position by pulling the price below the uptrend line. If they do that, the ADA/USDT pair could drop to $0.60 and then to $0.50.
Contrary to this assumption, a break and close above the moving averages suggests that the bulls are back in the game. The pair may then rally to $1.02.
Dogecoin price analysis
Dogecoin (DOGE) continued its slide and reached the $0.14 support on March 11. The bulls are trying to defend the level but may face selling at higher levels.
If the price turns down from the 20-day EMA ($0.20), it will suggest that the sentiment remains negative and traders are selling on rallies. That increases the risk of a break below $0.14. The DOGE/USDT pair may descend to $0.10 if that happens.
On the contrary, a break and close above the 20-day EMA suggests that the bears are losing their grip. The pair could climb to the 50-day SMA ($0.25), which may pose a solid challenge again.
Pi price analysis
Pi (PI) is taking support at the 61.8% Fibonacci retracement level of $1.20, indicating buying at lower levels.
The relief rally is expected to face resistance at the 20-day EMA ($1.69) and then again at $2. If the price turns down from the overhead resistance, the PI/USDT pair could range between $2 and $1.20 for some time.
A break and close above $2 suggests that the correction may be over. The pair could rally to $2.40. Alternatively, a break and close below $1.20 could sink the pair to the 78.6% retracement level of $0.72.
UNUS SED LEO price analysis
UNUS SED LEO (LEO) has been consolidating just below the $10 level for several days, indicating that the bulls are holding on to their positions as they anticipate another leg higher.
The LEO/USD pair has formed an ascending triangle pattern, which will complete on a break and close above $10. If that happens, the pair could resume the uptrend toward the target objective of $12.04.
This positive view will be invalidated in the near term if the price turns down and breaks below the uptrend line. That will negate the bullish setup, starting a drop to $8.84 and later to $8.30.
Hedera price analysis
Hedera (HBAR) bounced off the $0.17 support on March 11, indicating that the bulls are aggressively defending the level.
The recovery is facing selling at the 20-day EMA ($0.22), as seen from the long wick on the candlestick. If the price continues lower, the bears will make one more attempt to sink the HBAR/USDT pair below $0.17. If they succeed, the pair could plunge to $0.12.
Contrarily, a break above the 20-day EMA suggests that the selling pressure is reducing. The pair could rise to the downtrend line, which is an important level to watch out for. If buyers push the price above the downtrend line, the pair could rally to $0.29.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
