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$SOL 💻Solana may drop another 12% in the coming week 💻 Since the beginning of April, Solana has oscillated sideways for over 70% of the time period. This particular range between $162 and $127 has largely acted as the accumulation zone, and SOL has regularly tested the upper limit and lower limit over the past 5 months. On a couple of occasions, it breached above $162, only to drop back within range in ten days. After the flash crash at the beginning August, the altcoin tested the upper limit of $162 twice, and the traders were hopeful that previous weeks’ retest would trigger a new bullish leg. That did not pan out, and based on historical market behavior, SOL will potentially retest $127 in the next few days, which is the lower limit of the accumulation zone. However, it is important to note that each correction down to $127 has taken place within a week of SOL breaking under $150 on previous lows. If the SOL/USD pair is able to close the daily candle above $140 for next week, a drop down to $127 will likely be avoided. There is also support from the 200-day EMA, which means SOL has a legitimate chance of recovery. #CryptoForEveryone
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#MarketSentimentToday $BTC Bitcoin’s rise above $63,000 has attracted buying in several altcoins, signaling that the sentiment is turning bullish. Bitcoin rose above the overhead resistance near $63,000 and it appears that bulls are now ready to push prices higher. Risk assets received a boost after the Federal Reserve Chair Jerome Powell confirmed during his keynote address in Jackson Hole, Wyoming, that interest rates will start to come down. However, Powell refrained from committing to the timing and the pace of the rate cuts. A technical market update from Kraken, said that Bitcoin must cross and maintain above the $62,000 level to avoid a retest of $49,000. “The price action suggests a corrective pattern rather than a strong bullish reversal,” the update added.itcoin remains stuck inside the large range between $55,720 and $73,777. Generally, the price swings between the support and the resistance levels in the range. Bitcoin is attempting to rise toward the resistance of the range after the bears failed to sustain the price below the $55,724 support. Could Bitcoin maintain above $60,000, or will bears pull the price lower and trap the aggressive bulls? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Sellers defended the 50-day simple moving average ($61,440) on Aug. 21, but they could not pull the price below the 20-day exponential moving average ($60,195). The bulls are trying to maintain the price above the 50-day SMA. If they can pull it off, the BTC/USDT pair could rally to $65,660 and, after that, to the psychological resistance at $70,000. Buyers may face significant hurdles between $70,000 and $73,777. The upside narrative will take a back seat if the price turns down sharply from the 50-day SMA and slides below $60,000. That may accelerate selling and open the doors for a fall to critical support at $55,724.
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Technical Analysis Report: $SOL /USDT; Current Price: $142.69 Resistance: $144.00 Support: $138.00 $SOL /USDT is approaching a key resistance level at $144.00. A breakout above this resistance could signal a bullish move, leading to potential targets of $146.00 and $148.00. Traders looking to enter a long position might consider entering above $144.00 with a stop loss set just below at $142.00 to manage risk. On the downside, if the price fails to break above the resistance and instead drops below $142.00, it could trigger a bearish movement. In this scenario, short traders might enter below $142.00, targeting $140.00 and $138.00, with a stop loss at $144.00 to minimize losses. This setup provides opportunities for both bullish and bearish trades, depending on the price action near the key levels. Traders should watch these levels closely to confirm their trades. #SolanaUSTD #Write2Earn! #BullBanter #CryptoMarketMoves #BinanceBlockchainWeek $SOL
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🚨 ALERT - SAME GRAPHICS 📈 SAME NEWS 🧾 - Have you noticed that the graphs of the main currencies such as BTC, BNB, SOL and a few more movements are practically the same!? - Have you also noticed that the news is suddenly all the same, to create fear and terror among new investors so that they sell everything they have and end up at a loss. - Have you noticed that Germany sold its BTCs a week and a half ago and everyone was enjoying it... now look, they knew something better than us, that the market was going to go down! - Have you noticed that at the beginning of last week most of the news was about large institutions dumping BTC and others saying they were going to buy more next. - Now, what are the conclusions, or what did you learn from all this? When you see news like this it only means one thing: The market is about to fall. - As I mentioned in previous posts, the Whales usually make these movements in combination with each other, market manipulation, they give huge orders at a certain point and the market goes in the direction they want, they sell at the top, the market goes down, the Those who are weaker in fear sell and they buy again cheaper. - In addition to all this, the market also knows the number of futures operations, both up and down, and if, for example, it sees that there is a very large number of long operations, it suddenly pushes the market down to liquidate these people all - Therefore, for those who trade in futures, the window of opportunity is very small, you have to be quick, otherwise you will get lost. - Today is marked by the huge drop in the market due to the great SHOPPING opportunity. Well act brothers 🙏 #BTC #BNB #SOL
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Sorry but I still don't believe Germany actually understands #BTC☀ have 41 years of experience from living in germany, then you know they just copied this from somewhere and don't actually know what the words mean. Sorry, had to debunk this false hope
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