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Solana Technical Indicators: The technical indicators are currently bullish, suggesting a potential rise in price if the momentum continues. There’s a possibility of SOL reclaiming its all-time high (ATH) if buying pressure increases. Market Movements: A recent sell-off by a Solana whale sent SOL’s price under $145. However, a successful close above this point might help the value revisit $175, although it would require substantial buying pressure3. For a more specific prediction, the price of Solana is predicted to rise by 13.88% and reach $142.57 by May 30, 2024. The current sentiment is bearish, with the Fear & Greed Index showing neutral at 54. It’s important to note that these predictions are based on current market trends and are subject to change due to various factors. $SOL #BTC

Solana

Technical Indicators: The technical indicators are currently bullish, suggesting a potential rise in price if the momentum continues. There’s a possibility of SOL reclaiming its all-time high (ATH) if buying pressure increases.

Market Movements: A recent sell-off by a Solana whale sent SOL’s price under $145. However, a successful close above this point might help the value revisit $175, although it would require substantial buying pressure3.

For a more specific prediction, the price of Solana is predicted to rise by 13.88% and reach $142.57 by May 30, 2024. The current sentiment is bearish, with the Fear & Greed Index showing neutral at 54. It’s important to note that these predictions are based on current market trends and are subject to change due to various factors.

$SOL

#BTC

Bullish
65%
Bearish
35%
124 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
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BTC & ETH Are going up and high very soon On May 31, 69,000 Bitcoin options worth $4.7 billion and 920,000 Ether options worth $3.5 billion expire. The expiry of crypto options contracts is historically linked to price volatility in the crypto market.  According to the Derbit data, the put/call ratio for the expired Bitcoin options is 0.61. This means more calls (or long contracts) are expiring than puts (or shorts). On the other hand, Ether options had a put/call ratio of 0.46. The put/call ratio (PCR) is a technical indicator that reflects trader market sentiment. A PCR below 0.7 is considered a strong bullish sentiment, while a PCR above 1 is considered a strong bearish sentiment. Max pain for Bitcoin at $66,000, ETH at $3,300 The maximum pain point at which most losses will be made by the leverage traders for Bitcoin is $66,000. For ETH, the max pain point is $3,300. BTC is currently trading at $68,210, $2,000 above the pain point, and ETH is trading at $3,738, more than $400 above its pain point.  Millions in open interest (OI) are in long positions with strike prices at $70,000, $75,000, $80,000, and even $100,000. Open interest refers to the total number of outstanding derivative contracts that have not been settled. A few traders have placed long positions on Bitcoin with a target price of $100,000. With $886 million in open interest (OI) at this strike price, the number of long positions appears significant. The total notional value of all outstanding BTC options contracts amounts to $19 billion. Post-spot ETH approval hangover The spot ETH ETF approval by the Securities and Exchange Commission (SEC) in May was a significant and bullish event for the crypto market. ETH prices rose 20% in May in anticipation of the approval. However, the SEC only approved the 19b-4 filing, thus delaying the actual listing for trading. Since the ETH ETF approval, the crypto market has shown a bearish sideways movement, with ETH stuck below $4,000 and BTC below the $70,000 price barrier. $BTC $ETH #WriteFreeEarn2024 #ETHETFsApproved #altcoins
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