Solana and Ethereum Merge

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Solana (SOL)

Recently, Solana (SOL) has experienced significant price fluctuations. Over the past six months, SOL has risen by 34.5%, but it has decreased by 20.6% in the past month. Particularly in the past week, SOL fell by 3.97%. Currently, the trading price of SOL is between $177.72 and $201.47.

SOL is currently below its 10-day and 100-day simple moving averages, which are $189.09 and $190.79, respectively. The Relative Strength Index (RSI) is at 33.48, and the Stochastic Oscillator is at 16.54, indicating that the asset is approaching the oversold area. The MACD level is -2.081, suggesting that bearish momentum may continue.

The recent support level for SOL is $141.08. If the price breaks below this support line, it may further decline to $87.33. If it breaks through the current resistance level of $248.58, it may push the price closer to the second resistance level of $302.

Ethereum (ETH)

In the past week, the price of Ethereum (ETH) has fallen by 2.42%, with the current trading range between $3232.83 and $3542.12. Over the past month, ETH has decreased by 6.61%, and in the past six months, ETH has dropped by 1.57%.

Technical indicators suggest that the price of ETH may soon change. The Relative Strength Index (RSI) is at 26.14, indicating that the asset has entered an oversold state. The Stochastic Oscillator is at 12.83, further validating signs of being oversold. The MACD level is -33.83, which may hint at an impending trend reversal. The current 10-day and 100-day simple moving averages are $3355.12 and $3400.11, respectively, indicating that the market may be entering a consolidation phase.

If ETH breaks through the current resistance level of $4504, it may then target the second resistance level of $5515, suggesting a potential upside of 15% to 40% from the current level. Conversely, if it breaks below the support level of $2483.85, the next support level will be around $1473.56.

Kaspa (KAS)

Recently, the price of Kaspa (KAS) has significantly declined, dropping about 6.7% in the past week. In terms of monthly performance, KAS has decreased by 23.9%, and over the past six months, the price has cumulatively fallen by 36.5%. Currently, KAS is trading between $0.10 and $0.13.

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