đ¨đ¨Disclaimer đ¨đ¨ In all my articles and posts, I do not mention instant profits because these currencies need time to develop and achieve profits, and some may not succeed. Please understand that the information I provide is to provide you with valuable insight to help you make an informed investment decision. Investing remains at your own risk. $ADA $XAI $RSR
Let me remind you who will attend the crypto summit at the White House!
Among the prominent names is Paul Atkins, the nominee for the chair of the Securities and Exchange Commission (SEC) and former advisor to the Reserve Rights project ($RSR ). Will this be a crucial moment for the regulation of digital currencies in the United States?
If your issue is strengthened, in 4 to 5 months I talk about $ADA and in 5 months I talk about $ADA and look where we are now. Stay tuned for updates! đ #Crypto #RSR #اŮبŮŘŞ_اŮأبŮŘś
Bitcoin $BTC The first resistance to break is $96,650, this will break the structure and push the price higher.
As for the support, it is between $94,600 and $94,000, and it is necessary to maintain the $93,000 level.
Currently, we are noticing a decrease in volatility, and we are waiting for the US market to open to see a clearer movement and the next market direction.
this is very bad ! as long as sol don't break 200 mark it is still going downside, a deepee correction is coming:)
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Bearish
Solana ($SOL ) is currently trading at $161.05, presenting a compelling opportunity for investors. This price point is the lowest observed this week, following a sharp market decline an hour ago. Read why is this important:
Analyst Insights and Market Trends
Recent developments indicate a growing institutional interest in Solana. Notably, Franklin Templeton has filed for an exchange-traded fund (ETF) that will track Solana's spot price, reflecting the expanding interest of asset managers in cryptocurrencies beyond Bitcoin.
Hedge fund founder Joe McCann has also expressed optimism about Solana's future, expecting it to outperform Ethereum. His fund has successfully traded assets like Solana, contributing to high fund rankings in 2024.
Technical analysis suggests a potential bullish trend for Solana. The Relative Strength Index (RSI) is hovering above the 70 mark, indicating an overbought scenario, while the price remains well above the 20-day Simple Moving Average (SMA), supporting a positive outlook.
Why Investors Should Consider SOL?
Given Solana's current price and the positive sentiment from both institutional investors and technical indicators, this moment presents a strategic entry point for traders looking to capitalize on potential gains. The combination of growing institutional adoption and favorable technical signals suggests that Solana is poised for a promising upward trajectory.
Disclaimer
Investing in cryptocurrencies involves significant risk due to market volatility. This analysis is for informational purposes only and should not be construed as financial advice. Conduct thorough research and consult with a financial advisor before making investment decisions.
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