The oversold RSI and bearish patterns indicate a short-term pullback before another rally, with downside targets ranging from $800 to $1,000.
Monad co-founder Keone Hon warned users to stay vigilant after fake links appeared as Telegram ads in its official announcements channel.
Analysts say most of the record $19 billion crypto liquidations were organic deleveraging, but other traders accuse market makers of deepening the crash.
Spot Bitcoin and Ether ETFs faced heavy outflows on Monday as investors grew cautious following a record $20 billion weekend liquidation.
Crypto analysts identified historical patterns showing that major market dumps preceded altcoin rallies, suggesting altseason could be just ahead.
Santiment analyst Brian Q said emotional trading tied to political news is dominating short-term market behavior more than ever.
The compensation plan marks Binance ecosystem’s biggest user relief effort yet following the crypto market wipeout of about $20 billion.
Bitcoin and the major altcoins witnessed solid buying at lower levels, but a sustained relief rally is unlikely as the bears are expected to sell at higher levels.
Binance Wallet’s balance display issues came soon after CZ-owned Trust Wallet reported experiencing the same issue on Sunday.
The XRP price recovery came after the most severe market crash, suggesting aggressive buying on the dips in anticipation of further price gains.