More Pain Ahead For Solana? Dangerous Price Drop To $125 Looms With This Supp...
Crypto analyst MadWhale has suggested that the Solana price could witness more downward pressure in the coming days. Specifically, the analyst predicted that SOL was at risk of a decline to $125 as it retests a key support level. Solana At Risk Of A Drop To $125 With Support Retest In a TradingView post, MadWhale predicted that the Solana price was at risk of dropping to as low as $125 with the retest of the $164 price level, which is a key support level on the horizon. The analyst noted that this is a pivotal support level that has previously proven strong. However, he warned that it....
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The price of Solana (SOL) has been volatile against tether (USDT), causing more pain for hodlers. Despite showing such strength, the price of Solana (SOL) has risen from $30 in recent weeks to around $45, as many investors hoped for more relief rallies to around $60. Solana (SOL) prices were rejected and have continued to fall with no significant bounce. (Data from Binance) Related Reading: Solana Price Trades Laterally, What Could Be The Next Level? Solana (SOL) Price Analysis On The Weekly Chart SOL’s price dropped from $250 to around $30, representing a drop of more than 70% from....
SOL, the native token of Solana, a leading blockchain platform renowned for its high-speed transactions and innovative technology, is currently facing significant price hurdles. As the cryptocurrency market experiences volatility, Solana’s price has encountered resistance levels that pose challenges to its bullish trajectory. Investors and analysts are closely watching these developments, trying to gauge what lies ahead for SOL. This article explores the current price hurdles facing Solana, delves into future outlooks, and offers predictions on how these obstacles could impact its....
Bitcoin has once again failed to surpass the $61,000 price level, leading to a drop to about $59,000, which has raised speculations about its short-term potential. Despite the negative market trends witnessed these past few weeks, several analysts are still bullish about Bitcoin, predicting a notable rally for the digital asset in the upcoming weeks. […]
BTC price tabs $18,100 for the second time as price respect weekly downtrend. Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. BTC price bounced on the four-hourly chart after a bullish divergence appeared. The price of Bitcoin (BTC) has had a rough week against tether (USDT) as the price plummeted following the Federal Open Market Committee news (FOMC). Following the news that the Federal Reserve raised its target interest rate by 75 bps, the price of Bitcoin (BTC) fell from $19,700 to a region of $18,100. (Data from Binance) Related....
Solana has had an amazing past 2 years as it became one of the fastest growing altcoins; in 2022, we see how they are doing what many tokens couldn’t and won’t be able to do. Few fall in the same category as Solana, so let’s take a look at what’s taken the token here, and what may look ahead. Related Reading | GameStop Turn To NFTs, Plans To Launch Marketplace Later In The Year Briefing Of Solana And It’s Rise During 2021… Solana in short, is a public blockchain platform. It achieves consensus using the proof of stake mechanism. It’s internal....