Trading may seem to be hard :checking charts đ history etc. But the rule is very simple : Buy low, sell high. Welcome to where your trading becomes easier âđź
Im not a politician nor have interest in politics especially if it comes ti crypto, but this is all bull$hit đ.
$BTC doesnt need any political intervention to know its real value, its true that the price is determined by a market feeling, any news could hit the price up or down.
We all know that Trump is a true capitalist, he will do anything he could to be president again and gain the power that he had in the past.
That being said, he will promise anything to the American people so that he gains their votes.
He did the same thing in his previous campaign (before becoming president) and promised that he would build a wall in the Mexican/US border đ.
He won, raised the taxes to build that wall and then? Absolutely NOTHING đ.
You can join the hype, expected to happen in September during the presidential campaign, but we all know that the promises are going to be broken, and the bullish price will help the whales to make profits again, and regular trades lose their money (especially for those using high leverage or those who chose the wrong time to buy the âdipâ).
Remember always, before doing any investment, think again, think 100 times, look at things objectively and project your ideas for the future, not only the present.
#solanAnalysis **Solana (SOL) Prices Plunge in Last 24 Hours: Analysis**
As of May 27th, Solana's cryptocurrency (SOL) price has taken a sharp downturn, experiencing a significant decline of 14.1% in the last 24 hours. This sudden drop is a stark contrast to the coin's recent performance, which had been steadily rising since the start of the year.
Technical analysis suggests that the price of SOL was overbought in the days leading up to the decline, with the RSI (Relative Strength Index) indicating a strong buying momentum. This can lead to a correction, as seen in the current market trend.
The bearish trend is likely attributed to a combination of factors, including increased selling pressure from whales and institutional investors, as well as potential issues with the network's scalability and usability. The coin's recent surge in adoption and popularity may have also contributed to the sudden drop, as investors took profits and cashed out.
From a fundamental perspective, Solana's ecosystem remains strong, with its high-performance blockchain and growing adoption in DeFi (Decentralized Finance) applications. However, the sudden price drop may have triggered a correction in the market, making it an attractive opportunity for investors to buy in at discounted prices.
In conclusion, the recent price drop of Solana's cryptocurrency is a temporary correction, driven by market forces and technical factors. As the market adjusts and stabilizes, investors may find Solana's long-term fundamentals and growth prospects attractive once again.
In a remarkable display of resilience, Solana's price has steadfastly defied the odds by refusing to dip below the crucial level of 176 USDT in the last 24 hours.
Despite a concerted effort from bears to push the token's value down to 178.71 USDT, the Solana community has rallied around the cryptocurrency, injecting a much-needed dose of confidence and stability into the market. As a result, the token's price has remained stubbornly anchored at around 178.71 USDT, a testament to the unwavering commitment of its supporters. This remarkable display of resistance has sent a powerful message to market participants, underscoring the growing strength and conviction of the Solana community. The token's ability to withstand the onslaught of bearish pressure has not only preserved its value but has also generated significant buying interest, with many traders and investors opting to accumulate Solana at these levels. As the market continues to grapple with its next move, one thing is clear: Solana's price has demonstrated an unshakeable resolve to remain above 176 USDT, a benchmark that will likely be closely watched by traders and analysts in the days to come.
What do you think about #XRP ? The project seems promising if its used by the Banks as they state but its still moving so slow (not so much volatility).