SOL Price Prediction: Heavy Resistance, Limited Short-Term Growth
Solana is currently priced at $210, firmly above the $201 support level. Despite the recent rebound, the “Ethereum Killer” still faces strong resistance at $221, breaking through which remains an important hurdle to reach $245.
Market sentiment is mixed, and SOL may fluctuate between $201 and $221 until a clearer trend signal emerges. Unless there is a major change in the market environment, it is expected to remain range-bound in the short term.
However, if investors choose to take profits, SOL may fall below the $201 support level. This will weaken the current bullish outlook and may even lead to a price drop back to $186, which means that Solana’s upward trend has encountered major challenges. #sol趋势
Solana’s Uptrend Strengthens, But Investor Moves Raise Questions
#solana生态 #sol趋势 The price of Solana ( SOL ) has seen a massive 40% increase in recent weeks, climbing to $210. Despite this bullish trend, SOL is challenging resistance at $221, which could signal a potential reversal. Investor activity on the Solana network suggests that momentum may face obstacles in sustaining further gains. Solana Investors Need Incentives Trading activity on the Solana network has increased significantly during the recent price rally. The network’s trading volume recently hit a yearly high, highlighting the growing interest among participants. However, this growth was lower than expected given the current hype surrounding the Solana ETF and broader market bullish sentiment.
[Hot search list: PNUT popularity continues to rise, 24H down 6.73%]
The popularity ranking shows that PNUT's popularity has increased by 1.87 million compared with yesterday, ranking first. The popularity ranking is as follows:
① PNUT ($1.94, -6.73%) ② ACT ($0.7537, -14.56%) ③ PEPE ($0.00002122, -5.86%) ④ DOGE ($0.3761, -6.40%) ⑤ BOME: ($0.01008, -14.36%)
PNUT main funds have strong selling power, with a net outflow of $131 million in 24 hours and a transaction of $8.45 billion in 24 hours, of which the main net outflow is $26.0892 million.
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According to the technical analysis of the hourly chart, the DIF and DEA lines in MACD are gradually approaching the zero axis, indicating that the bullish momentum is weakening and the market is entering a period of adjustment. The current Bitcoin price fluctuates around 88,000 points. If the price cannot stabilize at this support level, it may further drop to the support level of 85,150 points.
In the short term, the 88,600 point line is a key support. If the rebound can find support at this position, the price is expected to continue to rise. On the contrary, if the rebound is weak and falls below this support level, it means that the current rebound may have ended and the market will enter a correction phase. In this case, investors are advised to pay attention to the changes in the support level below and remain flexible.
Friday afternoon operation suggestions
- Pie: Consider going long in the 86,500-87,000 range, with target prices of 88,000, 88,600, and 89,600 (breakthrough can be seen as continuation, if not broken, consider stop profit). #BTC☀
- Ethereum: Long positions are available in the 3020-3050 range, with target prices of 3120, 3160, and 3220 (if the price breaks through, consider continuation, if the price does not break through, consider taking profit). #ETH🔥🔥🔥🔥
Through this adjusted strategy, investors can better cope with the volatility of the current market. #BTC走势预测
Recently, Bitcoin has experienced a pullback, which has led to adjustments in most currencies.
From the 4-hour chart, SOL's current K-line has fallen below MA30, forming a suspended state. The next trend may pull back to around MA60, which is around $200.
It is worth noting that the $200 position is very critical. It is not only the previous support level, but also coincides with the MA60 moving average, which has a dual support effect.
Therefore, in the short term, SOL's pullback to around 200 should become a support point. Once the adjustment is completed, it is expected to challenge the previous high of $225 again. #sol趋势
ETH Price Reaches $3,000: Can Support Prevent Further Fall?
#ETH🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥 Ethereum price entered a downside correction below the $3,250 area and it is currently consolidating near $3,000 and it could start a fresh increase.
Ethereum recently saw a short-term correction below $3,250, and the price is currently holding above $3,200 and above the 100 hourly simple moving average. On the hourly chart of ETH/USD, a bearish trend line has been formed with resistance at around $3,185 (data source: Kraken). If the price continues to hold above $3,000, a new round of gains may be in store.
Currently, UNI's EMA line shows a bullish trend in the short term, and the short-term line is above the long-term line, indicating that there has been a strong rise. However, the price has fallen below the short-term EMA, showing signs of weakening buying pressure.
In addition, the short-term EMA line is trending downward, and if the short-term line further falls below the long-term EMA, a bearish crossover may form. Usually, this crossover signal may foreshadow a new round of stronger pullbacks.
If a bearish crossover occurs, the UNI price may test the support levels of $7.5 and $7.1, and may even fall to $6.6. However, according to the current ADX indicator, the downward trend is not particularly strong, which provides room for a possible reversal.
If the market reverses upward, the UNI price may first challenge the resistance level of $8.7. After breaking through, the next target may be $9.6, which means that the price is expected to rise by about 14%. #UNIUSDT
Uniswap (UNI) Price Under Pressure Despite Bitcoin Rise
#UNIUSDT Uniswap (#UNI📈 ) prices have been struggling recently, falling nearly 5% in the past 24 hours and 5.24% in the past week despite Bitcoin’s recent sharp rise. The recent decline highlights the weakness of UNI’s momentum, and technical indicators suggest a cautious outlook. Although the EMA lines still show a bullish structure, the price breaking below the short-term EMAs suggests that buying pressure is waning. A reversal is still possible, but caution is warranted as the current trend remains vulnerable to further declines. UNI RSI is in the neutral zone On November 7, UNI’s relative strength index (RSI) reached 85 as its price quickly rose 50% in just 24 hours. Since reaching this high, the RSI has gradually declined and is currently at 43.32. The RSI is an indicator that assesses momentum by measuring the speed and change of price movements, helping to determine whether an asset is overbought or oversold.
1. Hong Kong Exchanges and Clearing Limited launches virtual asset index series: Hong Kong Exchanges and Clearing Limited officially launches virtual asset index series today, and the exchange rate will be calculated at 4 pm every day.
2. K33 Research report: The speculative frenzy in the Bitcoin futures market shows signs of cooling down.
3. CryptoQuant data shows that when the price of Bitcoin is close to $90,000, a total of 25,367 BTC flowed out of miners' wallets.
4. DOGE performed strongly during the US election: As of November 13, the price of #doge⚡ rose by 128%, surpassing the increase of #特斯拉 and Bitcoin.
5. VanEck Director's View: If central banks of various countries use Bitcoin as a reserve asset, it is expected that Bitcoin may reach $3 million by 2050.
6. Cynthia Lummis's proposal: US Republican Senator Cynthia Lummis suggested selling part of the Federal Reserve's gold reserves and buying Bitcoin instead.
7. Former SEC Chairman Predicts Crypto Support: The former SEC Chairman expects the Trump administration to turn to support cryptocurrencies.
8. UK Treasury Launches Digital Bond Pilot: The UK Treasury announced that it will launch a pilot to launch digital government bonds using distributed ledger technology.
9. Pennsylvania Plans to Include #BTC☀ in Reserve Assets: Pennsylvania has proposed legislation to include Bitcoin as a reserve asset in its balance sheet.
10. US Spot Bitcoin #ETF✅ Breaks $500 Billion Trading Volume: The US Spot Bitcoin ETF has been launched for only ten months, and the cumulative trading volume has exceeded $500 billion.
11. Saudi Arabia and the UAE may have bought Bitcoin: It is believed that countries such as Saudi Arabia and the UAE may have started buying Bitcoin.
12. Victory Securities Analysts Predict Bitcoin to Break Through $100,000: Several analysts predict that Bitcoin may break through $100,000 by the end of the year, and the virtual asset market will usher in a new round of prosperity.
Analysis of Bitcoin (#BTC☀ ) market in the morning of November 15:
Yesterday, Bitcoin fluctuated sideways in the morning, and the price surged to $97,800 in the afternoon, then fell back to $86,600, and is now fluctuating around $88,000.
From the one-hour candlestick chart, the DIF and DEA in the MACD indicator are both below the zero axis, showing signs of weakening bullish momentum, indicating that the current price has entered the adjustment stage.
Operation suggestions: In the short term, it is appropriate to consider going long at low levels, with support at $86,500 and pressure at around $90,000.
Short-term operation suggestions: Go long in the range of 88,000 to 87,500, with the target at $89,000.
1. Recent trend After the Ethereum price surged to $3,200 last night, it was under pressure and pulled back. The current minimum has reached $3,031. From the K-line pattern, the price fluctuates frequently in the range of $3,300 to $3,000, and the upper shadow line appears many times, showing the repeated consolidation of the market.
2. Technical indicator analysis According to the MACD indicator, both DIF and DEA are currently negative, but there are signs of convergence, suggesting that this wave of adjustments may be nearing its end. Once the adjustment is completed and the bottom structure is formed, Ethereum may usher in a new round of increases.
3. Large-scale trend From the large-scale chart, the current upward trend is still not over, and the price may continue to rise. Therefore, we need to remain vigilant and focus on whether the previous large negative line support level can be effectively maintained. This will be an important basis for judging the future market trend.
4. Operation suggestions If the price falls back to the 3030-3050 range, you can consider entering a long order, with the target price around $3,200. You will need to make flexible adjustments based on market reactions.
1. Daily Line Pattern Yesterday's K-line was a long upper shadow and short lower shadow negative line, and the trading volume was basically the same as the previous day, indicating that there is a certain degree of uncertainty and selling pressure in the market.
2. MA30 Line MA30 Line began to flatten, indicating that the trend will be consolidated in the short term. At the same time, the upward momentum of MACD weakened, indicating that the upward momentum has slowed down.
3. Price Trend ORID price first rose to around 45 and then fell back, and the daily line showed three consecutive negative lines. The current decline has not yet completely ended, and there is a possibility of continuing to decline.
4. High-level trading volume The high-level trading volume is large, and both buyers and sellers are more active, indicating that the market sentiment is more volatile.
5. Support and Pressure - Support level: near MA30 line (35.5) - Pressure level: 48
6. Expectation There may be a shock consolidation in the short term. If the price rises again after the consolidation, it is expected to break through the current pressure level and continue to rise.
Yesterday, the price of Bitcoin showed a pin pattern, and the support level was near 878 mentioned earlier. Many traders in the market expected a big correction, but the actual trend showed a wash pattern. The price began to decline after reaching 93K on November 13, and the trading volume gradually decreased. The decline in both volume and price is a typical wash signal. If there is no major positive stimulus, the price is expected to fall back to the 863-868 range, and continue to accumulate short pressure. The subsequent impact on the 90K target can be expected, and it is only a matter of time before it breaks through 90K.
2. 4-hour chart analysis
According to the 4-hour chart, if the price closes below 861 in the 4-hour K-line within the correction range, it may trigger a sharp correction. However, the overall market trading volume continues to decline, the trend is still healthy, and there are no serious negative signals for the time being.
3. 15-minute chart analysis
The current Bitcoin price is fluctuating in the 86X-892 range. When the K-line was inserted in the early morning, the trading volume increased, and the bulls were stronger than the bears, indicating that the support near 86X has not been fully digested. The current market sentiment needs to wait patiently for further confirmation.
Intraday trading strategy:
- Long-term investors can consider allocating spot in the callback range. - Short-term contract trading recommends short positions and wait and see, and make decisions after clearer signals appear in the market. #BTC走势预测
#PNUT is one of the hottest Meme coins on the market recently. Less than 4 days after listing on Binance, it rose 450% from the bottom, making many investors earn a lot of money. First of all, congratulations to all the partners who have successfully made profits.
However, today #PNUT pulled back after breaking through the 2.5 high point, and has not yet reached a new high. For such a popular currency, when it starts to adjust, the current position is usually difficult to stabilize. So I would like to remind everyone not to chase high. If the price falls below the 1.7 support level, it may quickly drop to around 1.4.
If you want to buy the bottom and configure spot, it is recommended to wait until the price falls below 1.4 and then enter the market in batches. For contract operations, it is recommended not to go long easily, because there may be a 10-20% retracement risk at any time. Be cautious and operate reasonably! #meme板块关注热点
The current market focus is undoubtedly Bitcoin (#BTC☀ ) and Meme coins, especially coins such as #pepe⚡ , #PNUT , #doge⚡ , in addition to the strong rise of emerging fields such as on-chain art and AI.
With the strong rise of Doge, the market of Meme coins has completely exploded, the market's imagination of Meme coins has become broader, and investors' attention has become more concentrated. So, how long will this wave of Meme coins last?
Usually, when some large public chains or VC institutions begin to pay attention to Meme coins, it means that this wave of market may be coming to an end. By then, we can start to consider gradually transferring funds from Meme coins to more stable mainstream currencies, especially BTC or BNB. It is worth noting that although BNB has a relatively small increase in recent days, its trading volume has surged, and its future potential for growth is still huge.
As for the night-time rising trend of Bitcoin, we have recently seen that BTC often rises at night, which actually reflects the continuous influx of funds from overseas institutions and central banks. At present, Binance has not completely absorbed the premium of Coinbase, which means that the big market is still brewing. According to the current trend, it seems to be only a matter of time before Bitcoin breaks through $100,000! #meme板块关注热点
#BTC☀ 's recent fluctuations are as violent as a roller coaster, with prices soaring and plummeting, and the market is frequently washed out. However, the current market is still stable near 88,000.
The main reason for this round of plunge is the rise in risk aversion and the selling pressure of Grayscale. Although the decline is large, it is a short-term correction. In particular, the decline last night was mainly affected by Powell's hawkish remarks, which led to a sharp correction in global stock markets, gold and Bitcoin.
Bitcoin has fallen below the support of 88,000 twice in a row, reaching a minimum of around 86,671. We mentioned before that once it falls below the support of 88,000, it is likely to test the support level of 85,000 next. Especially when a series of positive news turns to negative, it is necessary to adjust the strategy in time.
At present, Bitcoin has shown a rebound after continuous decline, but it still faces great pressure to rise. In the short term, it may maintain a high-level adjustment pattern, pay attention to the resistance level of 90,000 above, and the support level of 85,500 below. Today's operation suggestion can consider the main long and auxiliary short strategy, and respond flexibly according to market changes. #BTC走势预测
From DeFi to CeDeFi: How BounceBit’s smart contracts achieve efficient revenue management
As the price of Bitcoin stabilizes at $90,000, the bull market atmosphere is getting stronger, and Bitcoin's share in the market continues to rise. If the bull market in 2020 was led by DeFi projects in the Ethereum ecosystem, then this round of bull market is likely to be initiated by DeFi in the Bitcoin ecosystem. In this wave of innovation, BounceBit (BB) is undoubtedly one of the most noteworthy platforms. The CeDeFi ecosystem it introduced provides an unprecedented income management experience through smart contracts and automated trading mechanisms, showing great development potential in the CeDeFi field.