How deep can the crypto market fall?
The cryptocurrency market capitalisation fell 1.2% over the past 24 hours to $2.21 trillion. The cryptocurrency Fear & Greed Index reacted rather sharply, losing 6 points to 23 and slipping back into extreme fear territory, remaining in the lower half of the scale for over a month.Among the top coins, Solana (+3%) and Tera (+6%) fared best, while Polkadot (-3.8%) Cardano (-3%) fared worst.
Bitcoin, which is sensitive to demand from US tech stocks, has lost more than 2% in the past 24 hours to $47.5K. Its rate continues to walk around the 200-day average, reflecting either indecision or a balance of power between buyers and sellers. At the same time, this line itself has reversed downwards, and the RSI on the daily charts remains near the oversold area.
Both of these indicators point to a possible failure of the price shortly. A bearish scenario could bring bitcoin back to 40K or even 30K fairly quickly if we see another episode of margin liquidation. Large long-term buyers are unlikely to return before the price drops to $20K. Further evidence that the bears own the initiative in cryptocurrencies - ETHUSD is holding below $4000, confirming the shift from a rising to a downtrend in the last month. Should the sell-off intensify, potential buyers of Ether should look to $3350. The rally started from this level in early October, and now the 200-day moving average is near this mark. A break below it runs the risk of a buyers’ capitulation and would quickly land the rate at $2700. A longer-term bearish target is seen in the $1300-1700 area, where long-term buyers are expected.
The realisation of such a bearish scenario would return capitalisation to the $1 trillion area for the entire crypto market. This would be a slightly lesser failure than the top two currencies, as we believe that long-term investors are still looking for other projects outside of the two oldest currencies.Market Analyst live on the youtube channel.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.6% | 12 | $27 080.57 | 0.50% | 1.41% | $525 120 984 052 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94% | 5 | $1 893.90 | 1.22% | 3.85% | $227 727 252 078 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.000298 | 0.02% | 0% | $83 274 522 418 |  |
|
| 4 |  BNB |
Binance Coin predictions | 91.6% | 2 | $306.98 | 0.53% | 0.34% | $47 844 502 244 |  |
|
| 5 |  USDC |
USD Coin predictions | 96% | 1 | $1.000012 | 0% | 0% | $28 940 996 302 |  |
|
| 6 |  XRP |
XRP predictions | 80.4% | 40 | $0.518733 | 2.48% | 12.36% | $26 965 484 878 |  |
|
| 7 |  ADA |
Cardano predictions | 94% | 7 | $0.375804 | 2.71% | 4.65% | $13 110 576 749 |  |
|
| 8 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 85.6% | 14 | $0.072136 | 0.28% | 2.18% | $10 070 286 642 |  |
|
| 10 |  SOL |
Solana predictions | 82% | 27 | $21.12 | 2.00% | 9.24% | $8 375 768 500 |  |
|
| 11 |  MATIC |
Polygon predictions | 81.6% | 31 | $0.897462 | 0.39% | -0.66% | $8 327 966 768 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 80.8% | 34 | $0.076148 | 1.38% | -0.10% | $7 742 460 822 |  |
|
| 13 |  TRX |
TRON predictions | 78.4% | 33 | $0.076534 | 1.77% | 0.53% | $6 903 793 375 |  |
|
| 14 |  LTC |
Litecoin predictions | 81.6% | 38 | $94.27 | -0.39% | 8.09% | $6 887 309 688 |  |
|
| 15 |  DOT |
Polkadot predictions | 90% | 8 | $5.23 | -0.18% | 0.15% | $6 226 557 990 |  |
