$SOL technical analysis for Solana (SOL/USD) on the 1-hour timeframe:
_Trend:_ Strongly bearish in the short term, bearish in the underlying trend.
_Price Objective:_ The first price objective has been achieved.
_Current Opinion:_ Bearish under $259.88.
_Targets:_
1. $243.99 (-1.48%) 2. $229.98 (-7.13%)
_Analysis:_ The analysis suggests that traders can consider short positions as long as the price remains below $259.88. The sellers' objective is to break the support at $243.99, which could revive the bearish momentum.
_Technical Indicators:_ Confirm the bearish opinion in the very short term.
_Caution:_ Be careful of excessive bearish movements, and watch for potential small rebounds.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Trading carries risks, and you could lose some or all of your investment. Always do your own research and consult with a financial advisor before making any investment decisions.
The price of a cryptocurrency has broken out of a "Channel Down" pattern. This means that the price was previously trending downward within a specific range, but it has now broken above that range.
_Bullish Trend Reversal_
The breakout above the resistance level of $1.50 signals a potential reversal of the downtrend. This means that the price may start to trend upward instead.
_Potential Upside_
The analysis suggests that the price could potentially reach $2.00 or even $2.60. This represents a potential upside of 30% to 60%.
_Stop Loss_
A stop loss is set at $1.27. This means that if the price falls below $1.27, the trade will be automatically closed to limit potential losses.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Trading carries risks, and you could lose some or all of your investment. Always do your own research and consult with a financial advisor before making any investment decisions.
The COS/USDT pair is experiencing a strong bullish trend. Here's a breakdown of the key levels to watch:
Current Price: $0.012973 (+4.68%)
Key Targets:
1. $0.0140: A crucial resistance level. Breaking this could lead to more momentum. 2. $0.0165: Historically significant. A breakout above this could confirm a mid-term bullish trend. 3. $0.0200: A psychological level signaling strong market confidence.
Support Zone: $0.0096 - Key support indicating potential buying opportunities if prices retrace.
Indicators:
RSI is trending upward, hinting at strong buying pressure. Volume is surging with 8.91B COS traded, showing increasing interest.
Keep an eye on these targets as COS builds momentum. Will the bulls take charge and push prices higher?
Investing $100 in Dogecoin at its launch in 2013 would be worth approximately $143,000 today.
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_From $29.24 to $2.38 Million: A Trader's Unbelievable Fortune 🚀_
What can you buy with $29.24? 🤔 A pizza? 🍕 A movie ticket? 🎥 For one lucky trader, that small investment turned into a life-changing fortune of $2.38 million! 🤑
_The Trade That Changed Everything_
2 months ago, the trader bought 12,950 $STNK tokens for just $29.24 in $USDC. Fast forward to 2 days ago, when the trader started cashing out, transferring 3,100 $STNK to another wallet and selling 1,162 $STNK for almost 290 $SOL (worth $75k)! 📈
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_Wallet Details_
Buying Wallet: GtHxCKFBexL3eEoAkGqcj6NfD14CwP7ZbatZiqTNu5FZ Other Wallet: Htbsz37uPv2iKrsefv3Hz7nZajEHMHK5onLodfYiLD8s
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