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ICP Slips as Volume Spike Confirms Breakdown Below Key Support

The post ICP Slips as Volume Spike Confirms Breakdown Below Key Support appeared com. ICP$4. 2188 continued to struggle with overhead pressure during its latest 24-hour trading window, trading near $4. 80 after slipping below the $4. 95 support level. The token moved within a $0. 48 intraday range, reflecting 9. 6% volatility as repeated attempts to reclaim higher levels stalled, according to CoinDesk Research’s technical analysis data model. A major inflection point arrived at 19: 00 UTC on Wednesday, when trading volume surged to 5. 63 million tokens an 85% jump relative to the 24-hour average. The surge aligned with a failed advance above $4. 98, reinforcing the area as a near-term resistance ceiling. Although ICP briefly climbed to $4. 99 during a mid-session uptick, momentum faded quickly and price rotated lower. The most recent hourly moves showed ICP slipping through $4. 93, extending the earlier breakdown and tightening pressure on the $4. 90 psychological region. Price briefly stabilized near $4. 917, but technical structure continues to show a downward bias unless ICP can reclaim levels above $4. 98. Support at $4. 63 remains the key threshold below, having served as a pivot during prior pullbacks. Without renewed volume expansion toward the upper end of the range, ICP appears likely to remain inside a consolidation band defined by $4. 63-$4. 98, with directional confirmation dependent on which boundary breaks first. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source:.

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Bitcoin breaks below $90K as volatility expands

The post Bitcoin breaks below $90K as volatility expands appeared com. Key Takeaways Where is Bitcoin trading now? BTC broke decisively below $90, 000 on 20 November, hugging the lower Bollinger Band and testing the S3 pivot zone in the mid-$80K region. What does the CMF indicator show? The Chaikin Money Flow is currently at -0. 15, indicating persistent distribution rather than accumulation, with no bullish divergence yet forming. Bitcoin printed a strong red candle on the daily chart, pushing decisively below the $90, 000 psychological level and hugging the lower Bollinger Band. The 20-day Bollinger midline sits just above $100,000, now marking major resistance. The upper band near $113K sits far above spot price, underscoring how dramatically Bitcoin has fallen in a short span. Band width has expanded sharply, which typically accompanies trend acceleration phases rather than calm consolidation. As long as BTC continues to close near or below the lower band, sellers remain in control, and volatility works against bulls. Pivot points and fib levels flag next downside zones Bitcoin is currently testing the S3 pivot area in the mid-$80, 000 region, aligning with today’s daily low. If this zone fails to hold on a closing basis, the chart opens deeper support around $80K-$82K, where previous demand and Fibonacci confluence converge. Below that level, an extended 1. 618 downside projection in the low-$70K region becomes the next major capitulation target if selling accelerates further. Until BTC recovers at least the mid-$90, 000 area, rallies appear to be bounces within a broader downtrend. CMF shows persistent outflows, not quiet accumulation The Chaikin Money Flow indicator is currently at -0. 15, firmly in negative territory. Readings below.

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Overbought RSI flashes caution, but upside bias intact

The post Overbought RSI flashes caution, but upside bias intact appeared com. USD/JPY extends its upward trajectory on Wednesday, with the pair surging to levels last seen in mid-January. At the time of writing, the pair trades around 156. 54, up nearly 0. 65%, marking a third straight day of gains as a strong US Dollar (USD) and a broadly weaker Japanese Yen (JPY) continue to provide a double boost. The technical backdrop remains firmly bullish. Since breaking out of the multi-month choppy consolidation range in early October, the pair has maintained a steady sequence of higher highs and higher lows, reflecting strong directional momentum. A bullish opening gap sparked the breakout above the 150. 00 psychological level, initially driven by reports that Sanae Takaichi was set to become Japan’s next Prime Minister. Markets interpreted this as a signal of potential fiscal expansion, weakening the Yen. Once she officially assumed office, confirmation of a large-scale fiscal stimulus plan strengthened those expectations further, keeping the Yen under persistent downward pressure. Price action remains comfortably above all major Simple Moving Averages (21-SMA, 50-SMA, 100-SMA) on the daily chart, underlining buyer dominance and reinforcing the bullish trend structure. On the topside, the January 23 swing high at 156. 75 serves as immediate resistance. A clear break above this level could pave the way for a retest of the year-to-date high at 158. 88, marked on January 10. On the downside, 155. 00 is the first line of support, followed by the 21-day SMA at 153. 86. While Japanese authorities have issued intermittent verbal warnings about excessive Yen weakness, concrete intervention remains absent, making a deeper corrective pullback possible but not the base case in the near term. Momentum indicators warrant some caution. The Relative Strength Index (RSI) sits near 72, holding in overbought territory, which could slow bullish follow-through or prompt brief consolidation. However, no clear bearish divergence has formed yet. US.

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Falls toward 0.5600 after pulling back from nine-day EMA

The post Falls toward 0. 5600 after pulling back from nine-day EMA appeared com. NZD/USD depreciates more than 0. 5% after registering modest gains in the previous session, trading around 0. 5630 during the European hours on Wednesday. The daily chart’s technical analysis signals a persistent bearish bias as the pair price remains within the descending channel pattern. The 14-day Relative Strength Index (RSI) is positioned slightly above the 30 mark, strengthening the bearish bias. Further decline below the 30 level would indicate an oversold territory and a potential for an upward correction. The short-term price momentum is weaker as the pair trades below the nine-day Exponential Moving Average (EMA). On the downside, the NZD/USD pair could find its initial support at the psychological level of 0. 5600, followed by the lower boundary of the descending channel around 0. 5570. A breakout below the channel would reinforce the bearish bias and open the doors for the pair to explore the area around 0. 5485, the lowest level since March 2020, which was recorded on April 9, 2025. The immediate barrier lies at the nine-day EMA of 0. 5658. A break above this level would improve the short-term price momentum and support the NZD/USD pair to approach the upper boundary of the descending channel around 0. 5740, followed by the 50-day EMA at 0. 5748. Further advances would improve the medium-term price momentum and lead the pair to navigate the region around the three-month high of 0. 6008, reached on September 17. NZD/USD: Daily Chart New Zealand Dollar Price Today The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0. 02% 0. 08% 0. 03% 0. 16% 0. 44% 0. 52% 0. 01% EUR -0. 02% 0. 06% 0. 00% 0. 13% 0. 41% 0. 50% -0. 01% GBP -0. 08% -0. 06% -0. 06% 0. 07% 0. 35% 0. 43% -0. 07% JPY -0. 03% 0. 00% 0. 06% 0. 13%.

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Aster rallies as ‘Double Harvest’ heats up – Can it clear $1.35 next?

The post Aster rallies as ‘Double Harvest’ heats up Can it clear $1. 35 next? appeared com. Key Takeaways Is the Aster outlook bullish? Yes, and it has been that way since early November. The defense of the $1 level over the past ten days was another achievement from the bulls. What should traders expect next? It appeared likely that Aster will rally to $1. 35 next. A move to $1. 5-$1. 55 was also likely, though it could take a few more days and a brief consolidation phase around $1. 4. Aster [ASTER] made gains of 3. 58% on the 17th of November, and counting, with a daily trading volume increase of 76. 85%. The news of the Stage 4 (Harvest) Airdrop program launch helped stabilize prices at the psychological $1 support level. The “Double Harvest” trading competition, which will last till the 21st of December, also incentivizes users to trade on the platform and earn rewards. The short-term technical outlook was bullish. A cup and handle chart pattern was forming. Though it was not complete, it was potentially setting ASTER up to go parabolic. Will the bulls succeed in driving gains while the market sentiment remains deeply fearful? That move confirmed a bullish structure shift. Even after a deep dip to $0. 818, the structure did not flip bearish. On top of that, steady gains aligned with rising OBV, which signaled consistent buying pressure. At the time of writing, Aster challenged the local high near $1. 285 and could attempt another push higher. 18 region had been a key resistance in November. Over the past two days, this level was broken and flipped to support, which was an encouraging sign for buyers. Liquidity cluster.

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Tests nine-day EMA barrier near 1.4050

The post Tests nine-day EMA barrier near 1. 4050 appeared com. USD/CAD moves little after registering modest losses in the previous session, trading around 1. 4020 during the European hours on Monday. The daily chart’s technical setup reflects a sustained bullish bias, with the pair continuing to trade within its ascending channel. The 14-day Relative Strength Index (RSI) holds just above the 50 mark, supporting a mild bullish bias. However, short-term momentum appears soft as the USD/CAD pair trades below the nine-day Exponential Moving Average (EMA). The USD/CAD pair is testing its immediate barrier at the nine-day EMA of 1. 4027. A break above this level would improve the short-term price momentum and support the USD/CAD pair may test the fresh seven-month high of 1. 4140, reached on November 5. Further advance would open the doors for the pair to explore the region around the upper boundary of the ascending channel at 1. 4190. On the downside, the primary support appears at the ascending channel’s lower boundary around the psychological level of 1. 4000, followed by the 50-day EMA at 1. 3965. A break below this confluence support zone would cause the emergence of the bearish bias and put downward pressure on the USD/CAD pair to navigate the region around the three-month low of 1. 3721, recorded on August 7. USD/CAD: Daily Chart Canadian Dollar Price Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0. 08% -0. 02% 0. 11% -0. 02% 0. 06% -0. 09% 0. 01% EUR -0. 08% -0. 11% 0. 04% -0. 10% -0. 02% -0. 18% -0. 04% GBP 0. 02% 0. 11% 0. 14% -0. 00% 0. 08% -0. 08% 0. 04% JPY -0. 11% -0. 04% -0. 14% -0. 13% -0. 06% -0. 21% -0. 10% CAD 0. 02% 0. 10% 0. 00% 0. 13% 0. 08% -0. 08% 0. 04% AUD -0. 06% 0. 02% -0. 08% 0. 06% -0. 08% -0. 16% -0. 01% NZD 0. 09% 0. 18% 0. 08% 0. 21% 0. 08% 0. 16% 0. 12% CHF.

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Maintains bullish outlook above 100.50

The post Maintains bullish outlook above 100. 50 appeared com. The AUD/JPY cross trades in negative territory near 100. 85 during the early European session on Friday. The potential downside for the Australian Dollar (AUD) might be limited due to the strong job market, suggesting that the Reserve Bank of Australia (RBA) is likely to keep interest rates on hold for now. Data released by the Australian Bureau of Statistics (ABS) on Thursday showed that Australia’s Unemployment Rate declined to 4. 3% in October from 4. 5% in September. The figure came in below the market consensus of 4. 4%. Furthermore, the Australian Employment Change arrived at 42. 2K in October versus 12. 8K in September (revised from 14. 9K), compared with the consensus forecast of 20K. Technically, AUD/JPY keeps the bullish vibe in the longer term as the cross is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is reinforced by the 14-day Relative Strength Index (RSI), which stands above the midline near 59. 10. This suggests the bullish momentum in the near term. On the bright side, the key upside barrier for the cross emerges in the 101. 80-101. 85 zone, representing the upper boundary of the Bollinger Band and the high of November 13. Sustained trading above the mentioned level could see a rally to 102. 30, the high of November 8, 2024. The next hurdle to watch is 103. 48, the high of April 26, 2024. On the downside, the key support level for AUD/JPY is located at the 100. 00 psychological level. More bearish candlesticks below the mentioned level could pull the cross back toward 98. 97, the low of November 7. Further south, the next contention level to spot is 98. 28, the lower limit of the Bollinger Band. AUD/JPY Daily Chart Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank.