Solana price Has anyone noticed that the price of SOL has re | Nosazena on Binance Square

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Solana price
Has anyone noticed that the price of SOL has remained above the 55-EMA on the daily for quite a while? What do you think?

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BTC: Don't We Know Why? I am no BTC maxi, but I have come to dislike the presence of the ETF funds. We all remember the enthusiasm felt before they entered the market. We all remember how Larry Fink criticised BTC. We also remember his sudden conversion. BTC price has continued to fall for longer than expected. Despite punditry's best efforts, the price continues in the doldrums. Buying by the ETFs has slowed, with some selling some of their BTC positions. Now we learn that the German government is divesting itself of the BTC seized from criminal elements. And let us not forget that Mt. Gox is looking to pay its creditors, who themselves may sell their positions. All this activity is bound to affect the BTC price. Fear and greed on Binance is now at 29. BTC has fallen steadily for a few days, and things might not improve. First, the price has fallen below the 200-day moving average. We also see the same with 21-weekly EMA. We must remember that BTC broke through an area of support between $58,000 and $60,000. On Coinbase, BTC went as low as $53499! While on the South African crypto exchange Luno, BTC went as low as $51707! As of writing, BTC is at $55090 - a bit of a recovery. I say be cautious, as anything can happen. If the price breaks $53499, we may find the next price between $50 - $52k. Anything lower than that, and the gods of crypto know where next. No one wants to catch a falling knife. And as to where that knife will fall, your guess is as good as mine. #nosacapital #BTC #BTCanalysis #MtGox

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BNB: Silent Commentary? I apologise once more for not posting for a while. Let's talk about BNB once more. There is almost no commentary about BNB. I often wonder why. One has to admit that BNB has been one of the most resilient cryptocurrencies. Until very recently, it held support at the 55-EMA. Despite the break in support, BNB did not capitulate and fell helplessly. Instead, BNB traded sideways with the odd attempt to rise in price. While cryptocurrencies such as BTC and SOL have fallen below their 200-day moving average, BNB holds above its 200-day MA. The BNB 200-day moving average weighs in at $481. Price support for BNB weighs in at $505. A break in support coupled with a 200-day MA price nearby may lead to a rapid fall in price. We all know that BTC dictates the overall direction of the market. It means where BTC goes, BNB follows. Recent reports of the German government putting up BTC for sale and payment to Mt. Gox creditors can only mean one thing - another fall in BTC price. I may remind you that the total amount of BTC we are talking about is US$11.32 billion. I suggest we all brace for impact. And as to how far BNB and other cryptos might fall, your guess is as good as mine. #nosazena #BNB #BNBAnalysis #BTC #Write2Earn

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Bitcoin Volatility Analysis

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BNB: Resilience Continued? I almost didn't write this because I thought saying too much might put a hex on BNB. I've consistently used the 21- and 55-day EMAs to determine the trend's direction. The best example of this is SOL. When SOL's price fell below the 55-day EMA, we saw a dramatic fall in price. However, we haven't seen the same with BNB. BNB is one of the least talked about and most resilient cryptos in recent times. I have no idea why no one is saying anything about BNB, but its price movement shows its strength. This strength will continue as long as the price remains above the 55-day EMA. In other words, the 55-day EMA is strong support. Investors/traders can hold their positions as long as this is the case. Can things suddenly change in the market? Yes, they can. Nevertheless, you have an indicator you can watch closely. I have been trying to figure out why BNB is so resilient. If anyone knows, please enlighten me; otherwise, your guess is as good as mine. #nosazena #BNB #SOL #Write2Earn #CryptoMarkets

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SOL: Resilience Galore? Recently, we have seen congestion problems with the Solana blockchain. We have also read and heard of the media houses shilling new blockchains, which also includes the demise of Sol. All these reports and more are overly exaggerated. We are not here to discuss the media houses but the Sol charts. Solana is a resilient crypto. In my earlier posts, I mentioned that Solana had not broken the 55-day EMA. The 55-EMA is an area of support. Sol's resilience at this point can only mean an increase in the price over time. As we all know, no instrument price goes straight up. Besides, Sol has had a good innings when it comes to price. I can safely say that the Sol price will not drop below $160. This price is an opportunity to buy for those who did not get in earlier. Some good news is that the Solana team have given the 15th of April as the date when patches to the network will take place. There will be more, but the team will inform us. While we look forward to an increase in price, no one knows when we will head to surpassing its all-time high. And as to when this might happen, your guess is as good as mine. #nosazena #Write2Earn #Solana #SolanaAnalysis #Crypto

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