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Top 5 meme coins: Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk extend losses

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Bitcoin (BTC) experienced a considerable selloff over the weekend,

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Bitcoin's Price action near the Critical $60K A detailed examination of Bitcoin’s daily chart reveals a significant increase in buying pressure and demand near the critical $50K support region, resulting in a substantial bullish rebound. Subsequently, #BTC surged back toward a key resistance region, encompassing the 200-day moving average at $61K and the psychological resistance at $60K. This key area is likely filled with supply, which may result in substantial selling pressure and halt further upward momentum. If the price faces rejection here, it could complete the pullback, leading to another impulsive bearish leg toward the crucial $50K threshold. However, there is also a possibility of a sudden break above this critical juncture, potentially causing a short-squeeze event and leading to an impulsive surge. Bitcoin’s price action near the critical $60K region will be crucial in determining its next major move. $BTC #MarketDownturn

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Pepe Coin Price Prediction: 25% Downside Looms Amid Waning Whale Support

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#Solana (SOL) Analysis The bulls are demonstrating acute weakness at the moment as they are unable to rise above the pivotal resistance zone. After breaking down from the rising wedge, the SOL price is consolidating within a narrow range. The price appears to be accumulating strength, which could be utilized in the coming days to reclaim the lost levels. The short-term trade suggests the price is about to display massive price action as the StochRSI is about to hit the lower threshold and make a move within the bearish range. This may drag the levels slightly below $140 for a while, which could revamp a fine bullish trend. Besides, the volume has slumped heavily, which shows the possibility of compression, which may result in a massive breakout soon. With this, the Solana price may rise to $160 in the coming days. $SOL #MarketDownturn

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Seneste nyheder

Ethereum(ETH) Surpasses 2,700 USDT with a 5.38% Increase in 24 Hours

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Bitcoin(BTC) Surpasses 59,000 USDT with a Narrowed 1.89% Decrease in 24 Hours

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BNB Drops Below 510 USDT with a 1.70% Decrease in 24 Hours

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Euler Finance Publishes Security Audit Reports for V2 Relaunch

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Zora Introduces Onchain Secondary Markets For NFT Collectibles

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