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Solana (SOL) Price Initiates Recovery but Is Destined to Fall Again ๐ Solana's price has faced significant resistance at the $160 mark, making two unsuccessful attempts to break through this level in August. With SOL now trading in a consolidation range between $126 and $160, traders are eyeing potential short-term opportunities amidst this volatility. ๐ Recent Trends Funding Rate Shift: Around August 28, the funding rate turned negative, signaling a bearish sentiment among traders and a possible dip to $126. - **RSI Indicators**: The Relative Strength Index (RSI) suggests SOL might be nearing oversold conditions, indicating potential for a recovery if selling pressure eases. ๐ Price Predictions Short-Term Drop SOL's recent 20% drop suggests it might revisit the $126 support level before any significant rebound. This level has historically supported price recoveries. Resistance Levels If SOL breaks above $160, it could aim for $169, but this depends on improved market sentiment and sustained buying interest. ๐ Outlook While the current bearish trend is clear, a recovery is possible if market conditions shift positively. Watch for key levels and market signals to gauge potential movements. Stay tuned for more updates and analysis on Solanaโs price trends! #Solana_Blockchain #SOL #CryptoAnalysis" #priceprediction n #CryptoTrading.
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๐จ$21 billion of Bitcoin shorts will get liquidated when $BTC hits $70,000 Reddy guys ๐ฅ
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CoinShares Published Its New Report: Which Altcoins Did Institutional Investors Who Sold Bitcoin Buy? What's the Latest Situation? ๐ Cryptocurrency Investment Trends: September Update Bitcoin (BTC) has started September on a downward trajectory, dropping to $57,000. Coinsharesโ latest report reveals a significant outflow of $305 million from cryptocurrency investment products last week, driven by pervasive negative sentiment. ๐ Key Findings - Bitcoin (BTC): Saw the largest outflow, totaling $319 million. Investment in Bitcoin Short funds, which benefit from BTC's decline, saw a notable inflow of $4.4 million. - Ethereum (ETH): Experienced a smaller outflow of $5.7 million. - Solana (SOL): Had modest inflows of $7.6 million. - Cardano (ADA) and Litecoin (LTC): Saw minor inflows of $0.3 million each. ๐ Regional Trends - USA: Faced the largest outflow of $318 million. - Germany: Saw $7.3 million in outflows. - Canada: Benefited from an inflow of $13.2 million. - Switzerland: Received an inflow of $5.5 million. The data highlights a clear trend of investor caution, particularly towards Bitcoin, as market sentiment remains largely negative. Disclaimer: This is not investment advice
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Market is looking good now ๐ฅ
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๐๐ฎ๐ฅ๐ฒ ๐๐ฌ๐ญ-๐๐ญ๐ก: BTC dropped ๐ญ๐ฒ.๐ณ๐ฏ%, formed a new low on 5th ๐ ๐๐๐ด๐๐๐ ๐ญ๐๐-๐ฑ๐๐ต: BTC dropped ๐ญ๐ณ.๐ฑ๐ต%, formed a new low on 5th ๐ Just praying for #BTC to hold the first week ๐ค
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