Honey, Civic, And Orca Are Bearish And Can Plummet More

• 1 The technical indicators for all three cryptos suggest there are possibilities for more price degradation.
• 2 Honey, Civic, and ORCA crypto price charts show bearish sentiments across all time frames.

According to the technicals, Honey, Civic, and Orca give bearish signals daily. This crypto trio is declining exponentially, facing a downward trendline with no respite in sight, at least shortly.

Honey Crypto Shows Strong Decline

The Hivemapper asset (HONEY) expresses bearish behavior and shows that it can fall further. It has attained bad performance in the last month and three months by -28.16% and -44.39%, implying a stable downward direction.

The Honey crypto asset is demonstrating bearishness and downward momentum as it sinks below the significant trend of 20-day and 50-day EMA bands; subject to the sellers’ surge, it could deteriorate more.

The Honey asset exhibits bearish weakness as the MACD is below the zero line, and the RSI is below the 50 median line at 41.49, implying that the Hivemapper asset is still in negative territory and can sink further down.

At press time, the CMP is at $0.1061 with an intraday gain of 1.14% and is dominated by the bears on the daily chart. Therefore, the price stands near the critical level of $0.090 support. The price could hit lower depths if it fails to sustain and drops more.

However, if the price spikes from the current level due to increased buyers’ interest, it could reclaim the target levels of $0.1500 and $0.1750.

The Civic Crypto Rides On A Bearish Wave

The CVC cryptocurrency is currently exhibiting bearish behavior, suggesting it may continue to decline. Last month, it shed 33.80%, displaying a steady downward trend.

The CVC is an asset displaying a bearish trend, falling below the critical trend lines of the 20-day and 50-day EMA bands. If sellers continue to dominate the market, it could deteriorate further.

The CVC asset shows bearish weakness, with the MACD below the zero line and the RSI below the median line 50 at 48.37. This indicates that the Civic asset is still in negative territory and could decline further.

As of the time of writing, the CMP is at $0.1720, with a daily increase of 7.21%, but a bearish trendline still dominates the daily chart. Therefore, the price is currently close to the critical support level of $0.1450, and if it fails to sustain and drops further, the price could fall even lower.

However, if the price rises from its current level due to increased buyer interest, it could reach the target levels of $0.2000 and $0.2500 once again.

ORCA Crypto Exhibiting Bearish Trend

The ORCA cryptocurrency asset is currently exhibiting a bearish behavior, indicating that it has the potential to decline further. Its performance in the last month and three months has been relatively poor, with a decrease of -30.08% and -45.84%, respectively, suggesting a consistent downward trend.

The ORCA crypto asset shows a bearish trend and downward momentum as it falls below the significant trend 20-day and 50-day EMA bands. Depending on the sellers’ actions’ strength, it could deteriorate even further.

The ORCA asset demonstrates bearish weakness due to the MACD being below zero and the RSI below the 50 median line at 42.91. This suggests that the ORCA asset is still in negative territory and could decline further.

Currently, the CMP stands at $2.75 with an intraday fall of 0.92% and is dominated by the bearish trendline on the daily chart. Therefore, the price is currently hovering near the critical $2.00 support level. If it fails to hold this level and drops further, the price could reach even lower support levels.

However, if the price surges from its current level due to increased buyer interest, it could reclaim the target levels of $4.00 and $5.00.

Summary

Honey, Civic, and ORCA crypto price charts show a bearish price action, and the technical parameters for each confirm further bearishness. 

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.