The cryptocurrency market is currently experiencing a bearish wave, with Honey, Civic, and ORCA showing significant declines in their daily technical signals. These three crypto assets are facing downward trends with no immediate relief in sight.
Honey, represented by the Hivemapper asset (HONEY), has been on a steady decline, with negative performances of -28.16% and -44.39% in the last month and three months, respectively. The MACD and RSI indicators suggest further bearish movement, with the price currently hovering near a critical support level of $0.090.
Similarly, Civic (CVC) and ORCA are also exhibiting bearish trends, with both assets showing declines in the last month and three months. The technical indicators for both assets point towards further downward momentum, with potential support levels at $0.1450 for Civic and $2.00 for ORCA.
Despite the current bearish signals, there is still a possibility for a price surge if buyer interest increases. If this happens, the target levels of $0.1500 and $0.1750 for Honey, $0.2000 and $0.2500 for Civic, and $4.00 and $5.00 for ORCA could be reclaimed.
It is important to note that trading or investing in cryptocurrency assets carries a risk of financial loss. The views and opinions expressed in this article are for informational purposes only and do not constitute investment advice. Amanda Shinoy, a finance expert with an MBA in finance, provides technical analysis and price predictions for cryptocurrencies.
For more information, visit the source: https://www.thecoinrepublic.com/2024/04/26/honey-civic-and-orca-are-bearish-and-can-plummet-more/
