Tag: Support

Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’

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Este artículo también está disponible en español. Solana (SOL) showcased massive volatility over the weekend, delivering a rollercoaster ride for traders and investors. On Sunday, SOL reached a new all-time high of $295, marking a significant milestone in its bullish trajectory. However, the celebration was short-lived as the price swiftly retraced over 20% to hit the $229 mark, causing concern among market participants. Yet, in a testament to its resilience, Solana bounced back strongly, climbing to $272 and reigniting bullish sentiment. Related Reading Top analyst Jelle provided valuable insights into…

Chainlink (LINK) Bullish Structure Hangs On Key Support Zone – Analyst

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In line with the general crypto market, Chainlink (LINK) registered a significant price gain in the last week rising by 20.41% according to data from CoinMarketCap. Interestingly, X-based market analysts More Crypto Online have rolled out a market condition critical to sustaining this price uptrend. Chainlink Faces Potential Correction In a recent X post, More Crypto Online shared a cautious technical analysis of the LINK market. Using the Elliott Wave Theory, these analysts have determined Chainlink must stay above $23.85 to preserve its current bullish trend. For context, the Elliott Wave…

Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target

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Este artículo también está disponible en español. Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum. Related Reading Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has…

‘Solana Season Is About To Return’ As Price Turns Key Resistance Into Support – Analyst

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Este artículo también está disponible en español. Solana has captured the spotlight this week with its volatile price action, demonstrating resilience amidst market uncertainty. After dropping to a low of $168, SOL surged over 22% to reach $207, signaling renewed strength and bullish momentum. This impressive recovery has reignited optimism among investors and analysts alike, many of whom now anticipate a swift recovery and a potential bullish rally. Related Reading Top analyst Jelle has shared a compelling technical analysis, highlighting that the “Solana season” may be on the verge of…

Three Under-the-Radar Altcoins Skyrocket After Top Crypto Exchange Binance Rolls Out Trading Support

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Three low-cap altcoins skyrocketed in price on Friday after Binance added trading support for the crypto assets. The top global crypto exchange by trading volume listed aixbt by Virtuals (AIXBT), ChainGPT (CGPT) and Cookie DAO (COOKIE). CGPT, the native asset for ChainGPT, a web3 artificial intelligence (AI) infrastructure project, witnessed particularly pronounced gains, ripping by about 105% from $0.2 to $0.41 in a 24-hour period between Thursday and Friday. The 301st-ranked crypto asset by market cap has given up some of its gains and is trading at $0.346 at time…

Solana Retest Key Support Level: Is $130 Or $200 Next?

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Solana (SOL) has seen a 12% retrace from the Monday high, falling to a crucial zone in the last 24 hours. Some analysts remain bullish ahead of Trump’s inauguration, while others have warned that the cryptocurrency’s bullish momentum could be in danger if the current levels are lost. Solana Holds Key Support Zone Amid the market retrace, Solana has also lost its New Year highs, falling to its lowest price since the late December retrace. On Monday, SOL registered a 17.3% increase from its yearly opening after retesting the $220…

DOGE Could Surge 30% as Sentiment Levels Support Buying

Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana’s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders. “Crypto’s top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,” analytics firm Santiment wrote in a Thursday report, citing social metrics and sentiment based on online chatter. “Since its top exactly one month ago, Dogecoin has shed -28% of its market cap. Crowd sentiment has been near its lowest point over the past…

Bulls Struggle to Hold Support

Este artículo también está disponible en español. Ethereum price failed to clear the $3,400 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,400. Ethereum started a fresh decline from the $3,400 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,300 resistance level. Ethereum…

Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk?

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Este artículo también está disponible en español. Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Related Reading Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are…