$ETH Be ready for another wave, the short recovery doesn't s | CODE78 on Binance Square

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$ETH Be ready for another wave, the short recovery doesn't seem to be sustainable and volume is fading...
This time may reach lower than 2900 usdt.

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Solana’s Range-Bound Behavior: A Prelude to a Major Move? The cryptocurrency market, particularly Bitcoin, has long been a subject of high expectations, with many forecasting an exponential rise in value. However, the reality often diverges from these human projections. Many believed that ETF approvals would significantly alter the supply-demand dynamics, propelling Bitcoin to new heights. Yet, the impact has remained minimal up to this point. On another front, SOL (Solana) enthusiasts have seen their hopes dwindle over the past few months, actively searching for more profitable alternatives. A deeper analysis reveals that since March 2024, SOL’s price has predominantly ranged between $130 and $182. Although SOL did breach these boundaries, reaching an all-time high, it struggled to maintain this momentum beyond April 2, 2024. Conversely, the price has dipped below the $130 support level multiple times, only to rebound quickly within the established range. At this juncture, the situation appears particularly precarious. Should SOL fall below the $130 threshold, it could plummet to $98, potentially establishing $130 as a new resistance level. Such a scenario could erode investor confidence, triggering a significant sell-off that might result in a severe decline for SOL. In the short term, traders should approach the market with heightened caution, as a substantial sell-off looms on the horizon. However, for the anticipated crypto boom to materialize, it will require a significant inflow of capital—mere optimism will not suffice. #SolanaUSTD #bitcoin☀️ Disclaimer: The information provided in this analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves substantial risk and may not be suitable for all investors. Before making any investment decisions, it is recommended to conduct thorough research and consult with a qualified financial advisor.

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#SOL's Failed Breakout: Will We See Prices Plummet Below $100? SOL's attempt to break through and create a new all-time high has dramatically failed, not even coming close to its previous peak. With the lack of investment and serious adoption of SOL, particularly as many countries still ban crypto investment and trading, expecting sustainable moves in the near future is challenging. The patience of some traders and investors is vanishing, and they may soon start liquidating their positions to avoid potential losses and wait for better opportunities. This will likely trigger a massive drop in the crypto market to unexpected levels, affecting not only SOL but most crypto assets. Don't be surprised to see SOL at or below $100, and it would be really difficult to build momentum again from such a position. #btc70k #BTC #SolanaUSTD Financial Disclaimer: The information provided in this post is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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Potential Downturn: BTC and ETH Price Projections and Risks Hour after hour, the hope for the long-awaited bull run is fading. In the crypto market, there is an urgent need for believers to continue investing instead of waiting for BTC to rise on its own or for macroeconomic events to ignite the momentum. With BTC failing to make a new high and surpass its previous all-time high, this indicates a lack of momentum and a mere psychological reaction to the current market conditions, where fear often eventually dominates. If BTC fails to break the $73K mark, it may experience a strong rejection and drop significantly. However, if it breaks through, which is unlikely to happen without a massive inflow of funds, this could trigger an unstoppable chain reaction, taking the crypto market by storm and making it hard to chase. Just watch carefully and follow the smart money moves, as this may determine the future of crypto. Our projection is that BTC may drop to $64K and ETH to $2900, and if these levels are reached, they may go as low as $56K and $2700, respectively. Financial Disclaimer: The information provided in this post is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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CRYPTO MARKET OVERREACTION: Psychological Bubbles and Future Risks The crypto market has overreacted to the recent US market news updates, driving a seeming recovery momentum. This mirrors the stock market's behavior in response to economic updates. However, this is driven more by psychological reactions than by real investment shifts, which may fade over time and potentially lead to even worse circumstances. Recently, the crypto market appears to be influenced by US government economic trends rather than maintaining its decentralized nature, raising serious concerns. If this is true, the worst may be yet to come. With the all-time high US debt, the rise of BRICS, and growing global conflicts, the impact on crypto could be catastrophic unless it shifts back to being the independent system it was meant to be. The belief that ETFs would help make Bitcoin more sustainable may also be misguided, as ETF institutions could manipulate the crypto market to their advantage using their reputation. Bitcoin should never be subject to any economic updates. Financial Disclaimer: The information provided in this post is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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THE SOL DILEMMA: TACKLING UNCERTAINTY IN THE FACE OF CRYPTO DOWNFALL. Will SOL drop bellow $100 ? Everyone holds hopes for a rebound in the crypto market, yet its complexities defy straightforward predictions. It took considerable time for individuals to trust in the crypto market, attracting investors, traders, and enthusiasts alike. While many share a strong belief in the future of crypto, their strategies vary widely. Some are drawn to the thrill of trading and risk-taking, while others opt for long-term investment strategies. Then there are those who dream of striking it rich overnight. However, the crypto market can be inherently unpredictable. Despite optimistic expectations for sustained growth, recent events have demonstrated its volatility. For instance, while there was fervent anticipation for SOLANA to reach unprecedented highs, the market took a downturn following BTC's decline, pulling the entire crypto sphere along with it. Though SOL showed signs of resilience initially, it ultimately succumbed to the broader trend. The repeated setbacks in resuming its upward trajectory may inevitably lead to a significant downturn, fueled by prevailing fear in the crypto landscape. All eyes remain fixated on BTC, as looming developments could unleash a tempest capable of engulfing even the most resilient coins. Attempting to forecast the future prices of BTC, ETH, or SOL can only rely on historical data and current trends. However, any future investment or financial action has the potential to drastically alter these expectations. Given the current trajectory, it's conceivable that SOL will soon find itself ensnared below the critical level of $130, potentially testing the $100 threshold. Financial Disclaimer: This information is not financial advice. Cryptocurrency investments are inherently risky and can lead to loss. It's crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.

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