{"id":276348,"date":"2024-04-03T02:59:09","date_gmt":"2024-04-02T21:29:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=276348"},"modified":"2024-04-03T02:59:09","modified_gmt":"2024-04-02T21:29:09","slug":"bears-hold-the-upperhand-bearish-sma-crossover-might-intensify-momentum-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bears-hold-the-upperhand-bearish-sma-crossover-might-intensify-momentum-crypto-news\/","title":{"rendered":"Bears hold the upperhand, bearish SMA crossover might intensify momentum &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>The RSI on the daily chart lies deep in negative terrain.<\/strong><\/li>\n<li><strong>Inidicators on the hourly chart are showing a slight improvement.<\/strong><\/li>\n<li><strong>The 20 and 100-day SMAs are about to complete a bearish crossover around 91.00.<\/strong><\/li>\n<\/ul>\n<p>In Tuesday&#8217;s session, the NZD\/JPY pair is trading with a slight rise to 90.42, marking a 0.16% gain. Despite this, sellers retain dominance within the broader market scenario, hinting towards an entrenched bearish sentiment. Encouragingly though, hourly data suggests the potential for short-term bullish corrections, indicating a touch of buyer resilience.<\/p>\n<p>On the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a>, the Relative Strength Index (RSI) shows a predominantly negative trend, remaining in the negative territory in the last sessions. Concurrently, the Moving Average Convergence Divergence (MACD) histogram reveals rising red bars, indicating a rising negative momentum.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/JPY daily chart<\/h2>\n<\/p>\n<p>Moving on to the hourly chart, RSI values are inclining more towards the positive side, with the recent readings registered at 53. This shift may hint at a short-term gain in buyers&#8217; momentum. In addition, the hourly MACD histogram displays green bars, adding arguments for the recovering bullish momentum.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/JPY hourly chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_NZD_JPY_2024-04-02_16-56-16-638476846271456881.png\" \/><\/p>\n<p>Upon examining the broader perspective, the NZD\/JPY has showcased significant bearish tendencies as its sits below its 20, 100 and 200-day Simple Moving Averages (SMA). In addition, a bearish crossover of the 20 and 100-day SMA at around 91.00 could precipitate even sharper declines.<\/p>\n<p>Summarizing, sellers seem to have control over the NZD\/JPY pair&#8217;s direction on the daily chart. However, recent hourly data indicates potential short-term bullish corrections. Nevertheless, the prevailing trend is inclined towards further weakness, reinforced by the SMA positioning, and a potential bearish crossover.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The RSI on the daily chart lies deep in negative terrain. Inidicators on the hourly chart are showing a slight improvement. The 20 and 100-day SMAs are about to complete a bearish crossover around 91.00. In Tuesday&#8217;s session, the NZD\/JPY pair is trading with a slight rise to 90.42, marking a 0.16% gain. Despite this, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,255,250,5192,252,247,253,249,308,256,254],"class_list":["post-276348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-nzdjpy","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=276348"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276348\/revisions"}],"predecessor-version":[{"id":276353,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276348\/revisions\/276353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/54117"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=276348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=276348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=276348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}