Solana’s Next Major Wave Depends On How The Price Behaves Inside This Support
Solana’s price is now sitting inside a crucial support zone, and what happens in this region will decide whether the next major bullish wave can truly begin. The broader correction has brought SOL to a defining moment, where micro-level price behavior will determine if buyers can regain control or if deeper levels must be tested first. Market Correction Nears First Major Support Zone According to a recent update by More Crypto Online, SOL still maintains the chance to begin a larger upward move in this current cycle. The analyst notes that the market has been in a correction since....
Related News
As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash. Related Reading: Has The Crypto Treasury Bubble Burst? Tom Lee Thinks So Solana Risks ‘Serious Downside’ On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday. However,....
With major digital assets like Solana experiencing notable upside action once again, the broader cryptocurrency market appears to have flipped into a highly bullish state. Solana’s ongoing upward trend in price has coincided with a remarkable surge in the blockchain’s on-chain activity and adoption. Q3 Blockchain Revenue Race Heats Up, And Solana Is Leading Following […]
Solana’s price action over the past 24 hours has been marked by a decisive move above the $135 level, a development that could signal growing bullish momentum. This breakout follows several days of sideways movement, during which the Solana price traded within a narrow range between $124 and $135. Related Reading: Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? Although the recent move above this consolidation zone hints at a potential upward continuation, on-chain data reveals that significant resistance awaits near $144, which may serve as the next major test for bulls.....
The Litecoin market has gotten awfully quiet, and so has the Bitcoin market. Now at $2.820, Litecoin is relatively unchanged on a weekly basis, and its key to survival depends on how Bitcoin behaves in the coming sessions. Market participants should note that the technical indications coming out of the Bitcoin market are reflecting a strong bearish bias, which could be a worrisome sign for the Litecoin bulls as well. Here are the latest technical indications derived from the daily LTC-USD price chart. Litecoin Chart Structure - Litecoin is currently trading closer to its recent low of....
Key Highlights. There was no major move noted in Dogecoin price, and it looks like it is trading inside a range plus waiting for a catalyst for the next move. Range resistance is around 42.0 Satoshis and the support lies around 36.0 Satoshis. There is a sharp divergence noted in the hourly RSI (price feed from HitBTC) that fails to match the current price action. Dogecoin price continued to move inside a tiny range. A break on the either side may ignite some volatility moving ahead. 42.0 Satoshis as a Resistance. We had a look at the daily timeframe chart of Dogecoin price yesterday and....