{"id":349912,"date":"2024-07-23T04:27:53","date_gmt":"2024-07-22T22:57:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=349912"},"modified":"2024-07-23T04:27:53","modified_gmt":"2024-07-22T22:57:53","slug":"sellers-gain-ground-and-breach-the-key-0-6000-level-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sellers-gain-ground-and-breach-the-key-0-6000-level-crypto-news\/","title":{"rendered":"Sellers gain ground and breach the key 0.6000 level &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>NZD\/USD stumbles downwards, surrendering the pivotal 0.6000 mark, following its worst week since January.<\/strong><\/li>\n<li><strong>The pair settled at 0.5980 on Monday, ensuring a daily loss of approximately 0.50%.<\/strong><\/li>\n<li><strong>NZD\/USD continues to remain under the key SMA of 20, 100, and 200 days, suggesting a prevailing bearish bias.<\/strong><\/li>\n<\/ul>\n<p>In Monday&#8217;s session, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/nzdusd\" data-fxs-autoanchor=\"\">NZD\/USD<\/a> continued its downward trajectory, with a fall of 0.50% to reach 0.5980. The inability of bulls to defend the 0.6000 level culminated in a slip to lows last seen in early May, subsequently affirming the currency pair&#8217;s bearish bias.<\/p>\n<p>The daily technical <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/indicators\" data-fxs-autoanchor=\"\">indicators<\/a> further consolidate this downward trend. The Relative Strength Index (RSI) remains around 32, indicating sustained selling pressure from Friday&#8217;s session. Furthermore, the Moving Average Convergence Divergence (MACD) continues to print rising red bars, thereby bolstering the growing bearish sentiment. However, the RSI stands near oversold terrain, so a correction might be on the horizon.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD daily chart<\/h2>\n<\/p>\n<p>Resistance now lies at the former support level of 0.6000 and then around 0.6050. In contrast, potent support is currently noted at the 0.5980 line, below which resides the 0.5950-0.5930 range. Should the bearish inclination persist and cause a subsequent fall below these levels, it would strengthen the overall bearish narrative.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NZD\/USD stumbles downwards, surrendering the pivotal 0.6000 mark, following its worst week since January. The pair settled at 0.5980 on Monday, ensuring a daily loss of approximately 0.50%. NZD\/USD continues to remain under the key SMA of 20, 100, and 200 days, suggesting a prevailing bearish bias. In Monday&#8217;s session, the NZD\/USD continued its downward [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,715,252,247,253,249,308,256,254],"class_list":["post-349912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-nzdusd","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\/349912","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=349912"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349912\/revisions"}],"predecessor-version":[{"id":349915,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349912\/revisions\/349915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/17918"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=349912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=349912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=349912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}