Expect Solana to Reach $200 ‘If It Holds Current Support’
After falling from local highs at $183, Solana (SOL) is approaching a significant demand level of $163. This price is crucial support that might affect SOL's price behavior. Losing this level might signify a larger slump, increasing selling pressure and pushing SOL back to lower support levels.
However, leading analyst Daan released a technical analysis showing that SOL might return if it holds this “green zone” around $160. In the best-case scenario, SOL might maintain this support and gradually advance to test the downtrend line that has held it back, according to Daan. This setup would maintain SOL's bullish structure, offering investors a rebound entry opportunity.
With the crypto market volatile and Solana at this critical level, the next few days are key. SOL may return to recent highs if this demand zone supports a reversal, traders and investors are monitoring.
Solid Solana Despite Uncertainties
Despite market turbulence and uncertainty, Solana (SOL) has held above $160, a critical support level. SOL's price structure depends on this high demand zone, which might support the next upward trend.
Crypto researcher Daan recently said that SOL's “most bullish case” is to maintain this “green zone” at $160, letting it to gradually grind back up toward the declining trendline that has limited recent advances.
Daan believes the next try at this trendline might break out and drive SOL past $200. He advises cautious investors to wait for breakout confirmation since there is still possibility for upside following a reversal. His research suggests SOL may rebound, viewing this accumulation zone as a purchasing opportunity.
But Daan admits there's still negative danger. If SOL falls below $160, a deeper decline may push it below support levels.
To determine SOL's short-term trend, the market will carefully monitor this support level. Holding above it would indicate strength and allow a rebound, while a collapse might prolong the negative period.
#SOL $SOL
{spot}(SOLUSDT)
The market is showing significant declines across key assets, with #ADA , $FLOKI , $SHIB , and $TON all seeing red. ADA has dropped by 5.04% to 0.3337 USDT, reflecting ongoing bearish pressure, which could be an opportunity for buyers waiting at lower support levels. FLOKI leads the declines with an 8.00% plunge to 0.00012053 USDT, indicating strong selling pressure but potentially setting up for a reversal if bargain hunters step in.
SHIB is down by 4.64% at 0.00001666 USDT, which might attract buyers looking for a rebound if it stabilizes around current levels. TON has slipped 1.99% to 4.781 USDT, showing resilience relative to others, and could be positioned for a quick recovery if broader market sentiment improves. Traders should monitor these assets closely for signs of support holding or further declines to identify profitable entry points.
#shiba⚡ #FLOKI? #tonecoin #29thBNBBurn
The market action across $XRP , $WIF , $SUI , and #ADA shows significant declines, presenting both caution and opportunity for traders. XRP is down by 1.98% at 0.5001 USDT, showing a steady slide that traders should watch for support levels—any bounce could offer a quick scalping chance. WIF has taken a steeper 6.24% hit, currently at 2.029 USDT, which could signal overselling and potential for a corrective bounce if buyers re-enter.
SUI, with a 2.83% drop to 1.8408 USDT, indicates possible accumulation zones as it nears critical support. Finally, ADA's sharp 5.28% decline to 0.3335 USDT makes it an interesting watch for bottom hunters looking for rebound opportunities. Traders should monitor these coins closely; identifying key support levels will be essential to capture profitable entry points amidst this market correction.
#SUI🔥 #Xrp🔥🔥 #wifhatdog #BTCMiningRevenue
The next big rally for altcoins largely depends on what institutions—the big, powerful investors—do next. Right now, the bull market seems to be driven by these institutional investors who prefer putting their money into coins with strong value and solid fundamentals. This means that even popular coins like Ethereum might not be their top choice, as they're focused on investments that offer more stability and long-term growth.
We might see altcoins gaining attention only after these institutions have fully invested in major, mainstream coins. Once their allocations in these bigger coins reach a limit, they may start looking at other options, including altcoins. When this shift happens, we could see a boom in the altcoin market, fueled by the leftover funds moving into smaller and emerging coins. This influx of capital would bring fresh energy and momentum to altcoins, potentially kicking off a new wave of growth for these less established assets.
#Altcoins👀🚀 #Altcoinseason2024 #USElections2024Countdown #CryptoAMA
🇺🇸 U.S. Government’s 2024 Budget.
❗️The U.S. government is currently running a significant deficit of $1.83 trillion, an increase of $138 billion from fiscal year 2023.
➕Total Receipts: $4.92 trillion
Individual Income Taxes: $2,426t
Social Insurance & Retirement : $1,710t
Corporation Income Taxes: $530b
Excise Taxes: $101b
Customs Duties: $77b
Miscellaneous: $43b
Estate and Gift Taxes: $32b
➖Total Outlays: $6.75 trillion
Social Security: $1,461t
Health: $912b
Net Interest: $882b
Medicare: $874b
National Defense: $874b
Income Security: $671b
Veterans' Benefits & Services: $325b
Education: $305b
Transportation: $137b
Other: $311b
Deficit: $1,833t
The market for key altcoins like $DOGE , $FET , $TRX , and #NEIRO is flashing red, with sharp declines that traders should approach with strategic caution. DOGE has plummeted by a notable 7.3% to 0.14746 USDT, hinting at a potential rebound opportunity if it holds above critical support. FET’s 5.9% drop to 1.117 USDT shows signs of high volatility, which could invite traders looking for short-term price swings. TRX, despite a minor dip of 0.96% to 0.1646 USDT, suggests relative stability, possibly setting the stage for accumulation. Meanwhile, NEIRO's steep 7.26% fall to 0.00128616 USDT is one for high-risk traders to monitor, as it could be primed for a bounce-back or further slides. With such intense movements, identifying and reacting to support levels can turn these drops into profitable trades, but stay cautious of volatility spikes.
#USEquitiesRebound #USElections2024Countdown #16thBTCWhitePaperAnniv
Do you think tomorrow will be a bullish monday ? ❗️
Predicting short-term market movements, like whether tomorrow will be bullish or bearish, is extremely challenging and often speculative. Market sentiment can be influenced by a variety of factors, including news events, economic data releases, and overall market trends.
However, keeping an eye on major indicators such as market sentiment, recent news, and technical analysis of key assets can provide some insights. For instance, if there have been positive developments over the weekend or favorable economic reports, there could be a bullish trend. Conversely, negative news or data might lead to a bearish outlook.
Market Analysis Report: $BTC , $ETH , $SOL , and #PEPE ... Really Market is Totally Red from Last four days..
The cryptocurrency market appears to be experiencing a bearish sentiment, with key assets displaying notable declines. Bitcoin (BTC) has dropped to 68,432 USDT, reflecting a 1.46% decrease. This drop follows recent highs and suggests that BTC may be encountering resistance at its current price range. Investors should closely watch support around this level, as a break below could indicate further downside risk. BTC's price action could signal potential profit-taking or hesitation from bulls, setting the stage for either a consolidation phase or further downward movement if selling pressure intensifies.
Ethereum (ETH), another major player, is down by 1.77%, with a current price of 2,443.80 USDT. This decline could be due to resistance levels in ETH’s recent upward trajectory, and if the market fails to find strong support here, a dip toward lower support levels could follow. Additionally, Solana (SOL) is showing a sharper 2.16% decline, trading at 160.53 USDT. This suggests that SOL might be more vulnerable to market sell-offs, especially as it edges closer to critical support zones. Lastly, PEPE stands out with a substantial 6.92% decline, trading at 0.00000807 USDT. This high volatility indicates that PEPE is susceptible to rapid price shifts, potentially driven by speculative trading. Investors are advised to monitor these levels closely, as any significant moves could provide clues for the broader market's direction.
This analysis underlines that while BTC, ETH, SOL, and PEPE are experiencing pullbacks, these movements could present strategic opportunities for both short-term and long-term traders. Holding key support levels will be crucial to prevent further declines, and any upside movement would likely require a breakthrough above immediate resistance zones.
#BTCMiningRevenue #BearishPhase #USElections2024Countdown #CryptoAMA
⭐️ Only 628 Billion Shiba Inu (SHIB) in 24 Hours: Did Whales Give Up?
In contrast to the trillion-level transactions that were the on-chain activity for Shiba Inu, the same level has significantly declined with only 628 billion SHIB transacted in the last 24 hours. This declined volume raises concerns about the long-term viability and market appeal of SHIB by pointing to a potential change in whale activity.
A few conclusions emerge from the data analysis. Perhaps as a result of weak price movement or unappealing market conditions, the current decrease in transaction volume may indicate that large holders or whales are reducing their SHIB activity. There may be less buying pressure as a result of the decreased whale participation, which could prevent any quick price increase. It may be more difficult for SHIB to maintain any bullish momentum if whale transactions decline because there may be less liquidity and trading interest.
Without whale support, which frequently stabilizes erratic markets, SHIB may be more vulnerable to abrupt price changes in reaction to comparatively smaller market orders. According to the technical chart, SHIB has been having trouble keeping up its upward trend.
Any organic rally will probably rely largely on retail interest and smaller investor participation due to the lack of whale activity, which may not be sufficient to generate significant gains. The asset's recent support at $0.000017 and the resistance levels at $0.000018 and $0.00002, where SHIB would require substantial volume to break through, are important levels to keep an eye on.
One way or another, on-chain data is only the reflection of things that are already happening on the market and fundamental factors are way more important when trying to predict the movement of the asset in the future.
#SHIB #Shibalnu
{spot}(SHIBUSDT)
As the final days before the 2024 U.S. presidential election approach, both Donald Trump and Kamala Harris are intensifying their campaign efforts in key battleground states.
Trump and Harris recently held competing rallies in Wisconsin, where they both emphasized the high stakes of the election. Trump urged supporters to assume they’re “one point down,” while Harris encouraged her base to avoid sitting on the sidelines as voting nears.
Meanwhile, record early voting in Georgia is bolstering optimism for Trump's team, who are focusing on maximizing turnout in Republican-leaning areas.
Both candidates have a packed weekend schedule, with stops in states like Georgia, North Carolina, Pennsylvania, and Virginia, highlighting the close margins in many swing states that could be pivotal for the election’s outcome
“LOST TREASURE : The Tale of the Bitcoin Pirate’s Backyard Hunt”
In 2011, a man named Mark went all-in on Bitcoin when it was still relatively cheap. He was so excited about his investment that he wanted to make sure it was absolutely safe. So, he wrote down his private keys on a piece of paper, sealed it in a plastic bag, and buried it in his backyard, thinking this was the ultimate way to secure his fortune.
Years later, when Bitcoin’s value soared, Mark decided it was time to dig up his stash and cash in. He went to his backyard, shovel in hand, but quickly realized he had no idea where he buried the bag. Over time, his yard had changed; he’d planted trees, added a garden, and even built a deck.
Mark spent days digging up his backyard, ripping out plants, and tearing up his lawn, desperately searching for the buried treasure. Eventually, his neighbors began to wonder what on earth he was doing. They thought he’d lost his mind and was searching for pirate gold.
In the end, Mark never found the bag. Now he jokingly calls himself “The Bitcoin Pirate,” but instead of treasure, he’s got a backyard full of holes and a very expensive landscaping bill!
FOLLOW ME FOR MORE UPDATES & RED BOX @Prime_Crypto_Outlet #CryptoAMA #ScrollOnBinance #Write2Earn! #GrayscaleXRPTrust #16thBTCWhitePaperAnniv
Eddie was convinced that Bitcoin was the ticket to his future riches. Every day, he’d tell his friends how he’d retire early and buy a mansion, maybe even a yacht. Then one day, he checked his wallet and saw a massive jump in his Bitcoin value—ten times what he’d paid!
Ecstatic, he sprinted to his car to celebrate, only to realize his phone had misread the decimal point. His “fortune” was actually worth just enough for a large coffee.
Ever since, his friends have nicknamed him “Millionaire Mocha.”
#TetherAEDLaunch #CryptoAMA #ScrollOnBinance #Write2Earn! #TwinsTulip
Here’s how I transformed $200 into $2 million by sidestepping five costly mistakes. Each misstep could’ve ended my journey prematurely, but by avoiding these pitfalls, I stayed on the path to substantial wealth. Here are the five crucial errors I dodged that made all the difference.
1. Avoiding “Quick Profits” and High-Risk Gambles Initially, I was drawn to fast-profit promises and high-stakes trades, hoping for quick wins. These short-term gambles, however, are often unpredictable and lead to substantial losses.
My Strategy:
I shifted my focus to long-term, sustainable investments in reliable assets like established stocks, mutual funds, and real estate. This steady, gradual approach provided consistent growth and insulated my portfolio from market volatility.
Lesson: Sustainable wealth takes time. High-risk, “get-rich-quick” schemes are rarely worth it. Building a diversified portfolio is key to financial stability.
2. Investing Without a Clear Plan In my early investing days, I lacked a structured approach and frequently invested impulsively, hoping for immediate returns. This absence of direction nearly derailed my progress.
My Strategy:
I developed a comprehensive financial plan with specific goals, such as establishing an emergency fund and planning for retirement. This blueprint provided a structured path, helping me stay focused and resilient during market shifts.
Lesson: A well-defined strategy is essential. Establish clear, realistic goals, and maintain discipline in following your financial roadmap.
#CryptoAMA #TetherAEDLaunch #USEquitiesRebound #USElections2024Countdown #Therapydogcoin
It seems the market is reacting to fears of a potential Kamala Harris win, leading to derisking ahead of the election. Markets tend to dislike uncertainty, and a close race, hovering around 50/50, is as uncertain as it gets.
If Trump secures a win, this de-risking might actually strengthen the bullish outlook.
Conversely, a Harris victory could amplify bearish sentiment in the market.
#Bitcoin 🙏🙏🙏