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👀. According to U.Today: $SOL Gets Rejected Solana has recently seen a significant reversal on its chart. After a period of bullish movement, SOL faced rejection at the 26-day EMA and has since retreated sharply, breaking through what was a key support level. This has led to a drop below the anticipated support, bringing the next critical level into focus — the 100 EMA, standing at around $139. At the moment of report, SOL is trading at: - $143.48 on KuCoin exchange - $143.81 on WhiteBIT exchange - $143.82 on OKX exchange The current trading volume is on the decline, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset. However, things are not that bad for Solana. If the price stabilizes and finds solid footing at the 100 EMA, it could offer a base for a potential rebound. If Solana manages to reverse course and climb back above the recent support-turned-resistance level around $150, it could aim for a retest of higher prices near the 26 EMA at approximately $160. The upcoming SOL move will be decisive. The descending volume, coupled with the price action, suggests that a midterm consolidation could be ahead.

👀. According to U.Today: $SOL Gets Rejected

Solana has recently seen a significant reversal on its chart. After a period of bullish movement, SOL faced rejection at the 26-day EMA and has since retreated sharply, breaking through what was a key support level. This has led to a drop below the anticipated support, bringing the next critical level into focus — the 100 EMA, standing at around $139.

At the moment of report, SOL is trading at:

- $143.48 on KuCoin exchange

- $143.81 on WhiteBIT exchange

- $143.82 on OKX exchange

The current trading volume is on the decline, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset.

However, things are not that bad for Solana. If the price stabilizes and finds solid footing at the 100 EMA, it could offer a base for a potential rebound. If Solana manages to reverse course and climb back above the recent support-turned-resistance level around $150, it could aim for a retest of higher prices near the 26 EMA at approximately $160. The upcoming SOL move will be decisive. The descending volume, coupled with the price action, suggests that a midterm consolidation could be ahead.

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👀 According to AMBCrypto: $XRP Price Prediction The OBV has trended higher and made higher lows since September 2023. But in April, this series of higher lows was broken. This suggested that a higher timeframe OBV downtrend could be looming. The highlighted support level could be key in determining if the bulls could drive a recovery or not. The RSI on the daily chart has been below neutral 50 since mid-April, signaling a strong bearish price downtrend. Hence, the technical indicators support the idea of further losses. The price action was not as decisive. While the past six weeks’ price trend was bearish, the $0.45 range lows could see a positive reaction. The $0.45 and the $0.57 mid-range resistance are the levels within which XRP would likely consolidate in the coming weeks. The liquidation heatmap showed two key clusters of liquidity. The southward one was at $0.45-$0.47 and was much closer to current market prices. The $0.575 region is also a magnetic zone and has a sizeable concentration of liquidation levels. XRP likely revisits the $0.45 level due to the liquidity present there before climbing back toward $0.575. Hence, the XRP price prediction is a move to $0.45 before a bullish reversal to $0.575.
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đŸ’„ According to NewsBTC: $LINK Price Turns Red In the past few days, Chainlink saw a steady decline from well above the $13.80 level. LINK price declined below the $13.50 support level to enter a short-term bearish zone, like Bitcoin and Ethereum. The price tested the $13.10 support zone. A low was formed at $13.07 and the price recently attempted a recovery wave. There was a move above the $13.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $14.30 swing high to the $13.07 low. However, the bears were active below the $13.80 resistance and the 50% Fib retracement level of the downward move from the $14.30 swing high to the $13.07 low. LINK price is still trading below the $13.80 level and the 100 simple moving average (4 hours). Immediate resistance is near the $13.50 level. There is also a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair. The next major resistance is near the $13.80 zone. A clear break above $13.80 may possibly start a steady increase toward the $14.00 level. The next major resistance is near the $14.35 level, above which the price could test $15.50. If Chainlink’s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $13.10 level. The next major support is near the $12.80 level, below which the price might test the $12.20 level. Any more losses could lead LINK toward the $11.50 level in the near term.
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🚀 According to BeinCrypto: $PEPE Reaches New All-Time High The bullish momentum surrounding PEPE has caught the attention of traders and analysts, fueling optimism for its future performance. Indeed, PEPE’s unprecedented rise in value has been a topic of intense discussion within the cryptocurrency market. Technical analysts such as Nebraskan Goner and Koroush AK attribute this surge to the coin’s growing popularity and increased trading volume. The meme coin’s success reflects a broader trend where digital assets, initially created as internet jokes, gain substantial market traction and investor confidence. Moreover, renowned crypto trader MacnBTC shared his insights on PEPE’s potential trajectory. His analysis suggests that PEPE might experience a brief consolidation period before embarking on another upward trend, potentially pushing its value even higher. In conclusion, PEPE’s recent achievements have solidified its position as a noteworthy player in the crypto market. With analysts predicting further price growth, the meme coin’s trend is one to watch closely.
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đŸ”„ According to GNCrypto Analytics: Weekly Analysis $SOL Solana's trading activity is caught between a support zone of $116–$130 and a resistance zone of $162–$172.  Solana's future price movement is largely dependent on Bitcoin’s trajectory. In a favorable market scenario, SOL could accelerate its growth towards the local high of $210.  If the market correction deepens, Solana might test the support level at $105 and potentially near the psychological buying threshold of $100. $MATIC The price of MATIC is currently confined to a narrow range, supported at $0.62–$0.67 and capped by a resistance zone at $0.74–$0.78. Polygon is clearly on a downward trend, regularly reaching new local lows.  If conditions do not improve significantly, the coin could revisit its local low of $0.58, recorded on April 13, and continue its bearish movement.  The likelihood of a bullish trend seems remote unless MATIC can breach the range of $0.83–$0.88, which would indicate a resurgence in buying pressure. $XLM Stellar has seen a 40% correction since March 11, 2024, and is currently hovering near a buyer's zone of $0.101–$0.107. The most likely scenario appears to be a continuation of the downward trend. If this scenario unfolds, XLM could soon hit a new local low below the $0.09 mark and continue to decline.  A bullish reversal could only begin with significant buying activity and increased trading volumes, potentially testing the resistance zone of $0.118–$0.124 and targeting the $0.129 seller level. However, this scenario currently appears highly improbable.
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đŸ’” According to AMBCrypto: $BTC Makes Push Above $62,000 Analysis of the crypto market capitalization trend on CoinMarketCap revealed that it stood at around $2.3 trillion at press time. Recent data indicated a reduction in market cap over the past few weeks, with a decrease of over 2% in the last 24 hours. Declines in the prices of various crypto assets primarily drive the decrease.  Also, following a period in 2022 where the market capitalization fell below the $2 trillion mark, it re-entered this range around March and has since remained there, albeit with fluctuations.  Further examination of the data highlights that out of the total $2.3 trillion market capitalization, Bitcoin accounts for over $1.2 trillion. Also, despite market fluctuations, the price of Bitcoin has managed to hover around $60,000. This ensured that its market capitalization remained above the $1 trillion mark for an extended period, allowing Bitcoin dominance to remain above 50%. AMBCrypto’s analysis of the Bitcoin daily timeframe price trend indicated that it has surged above the $62,000 price zone. It was trading at around $62,500 at the time of writing, with an increase of over 1%. This marked the first return to this price range in the last three days.  Should this momentum persist, BTC may test its short-term resistance level at around $64,000. However, it’s worth noting that it remained in a bear trend according to its Relative Strength Index (RSI) at press time.
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