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Vladislav Hryniv
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đŸ”„ Can $SOL reignite ‘Solana Summer’ amid price stagnation? - AMBCrypto Analytics SOL’s price is currently hovering just above its 50-day moving average (MA50), suggesting a tentative hold in bullish territory but struggling to maintain upward momentum. The 200-day moving average (MA200) sits slightly above the current price, serving as a possible resistance zone that SOL needs to breach to stage a bullish takeover. The Relative Strength Index (RSI) near the midpoint (around 47) aligns with this consolidation. Solana must break past the $190 level to turn the current resistance into support and initiate a stronger rally. All in all, we see a market that is hesitantly bullish but not fully committed, likely due to SOL’s recent performance plateau. This could lead to continued consolidation until a new catalyst either confirms a bullish continuation or initiates a bearish reversal. {spot}(SOLUSDT)

đŸ”„ Can $SOL reignite ‘Solana Summer’ amid price stagnation? - AMBCrypto Analytics

SOL’s price is currently hovering just above its 50-day moving average (MA50), suggesting a tentative hold in bullish territory but struggling to maintain upward momentum.

The 200-day moving average (MA200) sits slightly above the current price, serving as a possible resistance zone that SOL needs to breach to stage a bullish takeover.

The Relative Strength Index (RSI) near the midpoint (around 47) aligns with this consolidation.


Solana must break past the $190 level to turn the current resistance into support and initiate a stronger rally.

All in all, we see a market that is hesitantly bullish but not fully committed, likely due to SOL’s recent performance plateau. This could lead to continued consolidation until a new catalyst either confirms a bullish continuation or initiates a bearish reversal.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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đŸ”„ $IO Price Analysis - CoinEdition Analytics The Bollinger Bands on the 15-minute chart for the IO cryptocurrency show a significant widening, indicating heightened market volatility. This divergence suggests that a substantial price movement could be imminent.  Presently, the IO price is near the upper Bollinger Band, marked at 5.119. This band typically suggests an overbought condition that may lead to a potential reversal in price direction. On the flip side, the lower band is positioned at 3.6875. This band outlines the possible range for downward price movements, highlighting the volatility and trading opportunities within this range. In the past 24 hours, IO has seen significant buying activity, indicated by a sharp increase in its Relative Strength Index (RSI). The RSI has reached an overbought level at press time, signaling that a price correction for IO could be imminent. The RSI’s downward trajectory also points to a possible emerging bearish trend within the IO market. Together, these indicators hint at critical upcoming shifts that investors need to monitor closely. Currently, the MACD indicator for the IO token displays a reading of 0.2553, positioned above the signal line within the green zone, signaling a bullish short-term trend for the token. This positive MACD reading suggests that IO’s price momentum could remain strong, potentially avoiding immediate downward corrections. However, it’s noteworthy that there has been a noticeable decrease in the size of the histogram bars above the zero line. This shrinkage in the bars may indicate that the bullish momentum of the IO token is weakening, which could lead to a slowdown in its upward trajectory.
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👀 $SHIB holders lose interest - AMBCrypto Analytics AMBCrypto assessed SHIB’s key momentum indicators and found that they trended downward and were positioned elbow their respective center lines. For example, SHIB’s Relative Strength Index (RSI) was 38.27, while its Money Flow Index (MFI) was 35.21.  These indicators identify an asset’s overbought and oversold conditions by measuring how its price moves and changes. They range between 0 and 100, with values above 70 suggesting an asset is overbought, while values less than 30 indicate that the asset is oversold and due for a correction. Generally, SHIB’s current RSI and MFI are indicators of significant selling pressure. But they also suggest the possibility of a price rebound.  However, the assessment of other indicators confirmed that the bull strength is significantly weak, and the meme coin’s value might plummet further in the short term. For example, SHIB’s Elder-Ray Index was -0.0000000303 at the time of writing.  This indicator measures the relationship between the strength of SHIB’s buyers and sellers. When its value is negative this way, bear power is dominant in the market. For context, SHIB’s Elder-Ray Index has been negative since 7 June. Also confirming how significant the bearish bias toward the altcoin was at press time, readings from its Directional Movement Index (DMI) showed its positive directional index (green) resting under its negative index (red). When these trend lines are set up in this manner, selling pressure outweighs buying activity. It suggests that the bears have market control, and the demand for the asset in question continues to plunge. 
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đŸ’„ $SOL Surprising Stability - U.Today Analytics Solana is probably one of the few assets on the market with a stable position right now, safely trading at the 100 EMA, at around $150. Despite the overall negative sentiment around the asset, SOL is still in an uptrend if we look at the long-term trend, and the current support level may become a foundation for a future reversal. As it remains stable at $150 and lines up with the 100 EMA, the chart demonstrates Solana's resilience. This suggests a level of strong support that may serve as a springboard for further gains. Solana has succeeded in keeping a more stable trading range, in contrast to many other cryptocurrencies that are seeing considerable volatility.  In spite of the recent market decline, Solana's price action is still bullish when analyzing the long-term trend. The fact that the asset has managed to hold above the 100 EMA shows that the bulls are still in charge. A more neutral outlook is also offered by the RSI, which indicates that there is potential for upward movement without becoming overbought.  At press time, SOL is trading at: - $152.100 on KuCoin - $152.105 on WhiteBIT - $152.09 on Coinbase Traders' interest is consistent, even though the trading volume is lower than it was at previous peaks. The notion that Solana might be preparing for a comeback is supported by the volume's consistency, particularly if the mood of the market as a whole improves.  Shiba Inu has failed to hold the 100 EMA support level and has opened below it during this trading session. The fact that the price of the meme token is moving below this moving average raises substantial concerns and may be a negative signal for investors. The next support level for the asset is not far away but is located below a crucial resistance level.
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🚀 $WIF Sellers Take Charge  - AMBCrypto Analytics Regarding WIF, its performance has not been any different, as the bearish bias toward the leading meme coin remains significant.  For example, its Chaikin Money Flow (CMF) rested below the zero line to return a value of -0.09 at press time.  This indicator measures the flow of money into and out of the WIF market. When its value is negative, it signals liquidity outflow from the market, which is a bearish sign and a precursor to a further price decline. Also, readings from WIF’s Directional Movement Index (DMI) showed its positive directional index (green) resting below its negative index (red). 
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đŸ’” $AVAX Set to Extend Losses as Traders Tilt Bearish - BeinCrypto Analytics Meanwhile, AVAX’s market structure on the daily chart suggests a potential fall. The Exponential Moving Average (EMA) is a crucial indicator that corroborates this bias.  EMA measures trend direction and reflects how prices can change within a given period. On the AVAX/USD daily chart, the 20 EMA (blue) crossed below the 50 EMA (yellow) since April 13.  This position is called a death cross and is a bearish trend. It occurs when the longer EMA crosses above the shorter EMA. The opposite is the golden cross that occurs when the shorter EMA crosses above the longer EMA. This position puts AVAX at risk of a decline to $29.38. Further, the Directional Movement Index (DMI) supports the potential price decrease. The chart below shows that the -DMI (red) was 27.58, while the +DMI (blue) was 11.85. DMI measures both strength and direction. Therefore, the difference between the +/-DMI suggests a downward direction for AVAX.   Also, the Average Directional Index (ADX) trends upward. The ADX (yellow) shows the strength of the direction. If the ADX spikes, it means that the direction has strength behind the movement.  However, a low DMI reading means that the directional strength is weak. In AVAX’s case, it was the former. 
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