LIVERehan Ullah 786
@RehanUllah786
You Need patience • And One Day Successfully Billionaire 😘
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From the midterm point of view, traders should focus on the weekly bar closure. If the candle closes below $58,000, there is a high chance of an ongoing correction within the next few days.
Bitcoin is trading at $58,047 at press time.
Bitcoin is trading at $58,047 at press time.
‘Overly optimistic’ Bitcoin traders washed out as BTC futures turn ‘neutral’
"Bitcoin's recent price swing has led to a neutral sentiment in the futures market, with traders becoming more cautious. Despite a brief dip below $60,000, the cryptocurrency has reclaimed the $58,500 support level. However, the downturn has resulted in a decline in aggregate open interest and forced liquidations of leveraged longs.
The Bitcoin futures premium has collapsed, and stablecoin demand remains stagnant. The USD Tether premium in China has slightly improved but remains neutral, indicating no clear signs of renewed demand.
Traders are becoming increasingly risk-averse, and the sentiment suggests that bulls may need more time to regain confidence. The recent price correction may lead to further volatility, and investors should be cautious of excessive optimism in the market.
Bitcoin's annualized volatility has surged above 65%, significantly higher than the previous two months. This increased volatility has resulted in more frequent unexpected price moves, making it essential for traders to be vigilant.
The recent market crash has served as a warning shot, highlighting the need for investors to be aware of the risks involved. While some may argue that the price swing is not unusual for Bitcoin, the impact on leveraged positions in the futures market cannot be ignored."!
The Bitcoin futures premium has collapsed, and stablecoin demand remains stagnant. The USD Tether premium in China has slightly improved but remains neutral, indicating no clear signs of renewed demand.
Traders are becoming increasingly risk-averse, and the sentiment suggests that bulls may need more time to regain confidence. The recent price correction may lead to further volatility, and investors should be cautious of excessive optimism in the market.
Bitcoin's annualized volatility has surged above 65%, significantly higher than the previous two months. This increased volatility has resulted in more frequent unexpected price moves, making it essential for traders to be vigilant.
The recent market crash has served as a warning shot, highlighting the need for investors to be aware of the risks involved. While some may argue that the price swing is not unusual for Bitcoin, the impact on leveraged positions in the futures market cannot be ignored."!
Solana Update
Solana to $200 $SOL
At the time of writing, SOL was barely up 1% in the last 24 hours to $169. The token, however, remains higher at 21% weekly.
The latest rebound follows as Solana rose steadily from lows of $121 on July 5. Since then, bulls have driven Solana higher, signaling strong demand. If this rebound scenario sustains, Solana could climb to $180 and eventually to the $200 level.
At the time of writing, SOL was barely up 1% in the last 24 hours to $169. The token, however, remains higher at 21% weekly.
The latest rebound follows as Solana rose steadily from lows of $121 on July 5. Since then, bulls have driven Solana higher, signaling strong demand. If this rebound scenario sustains, Solana could climb to $180 and eventually to the $200 level.
$SOL Potentially significant resistance might be found at $173. Price levels around this point have historically seen a lot of trading activity, which has resulted in consolidation or a retracement. In order to potentially reach the next psychological level of $200, Solana may need to overcome this resistance to see additional gains. Nonetheless, a number of variables may affect Solana's capacity to continue growing.
Solana appears to be getting closer to overbought territory based on the relative strength index. This can point to a possible consolidation or pullback stage prior to the next leg up. If a retracement takes place, keeping an eye on support levels at $150 may also reveal prospective buying opportunities.
Solana appears to be getting closer to overbought territory based on the relative strength index. This can point to a possible consolidation or pullback stage prior to the next leg up. If a retracement takes place, keeping an eye on support levels at $150 may also reveal prospective buying opportunities.
$SOL $SOL Moreover, senior analysts are sharing positive views about the coin. For instance, crypto analyst Rehan Investment Pro has predicted that the Solana price can hit the $174 target. Overall, multiple bullish signals are emerging for SOL, and it appears that it may be entering a bull market from the current price levels.
$SOL Moreover, senior analysts are sharing positive views about the coin. For instance, crypto analyst Rehan Investment Pro has predicted that the Solana price can hit the $174 target. Overall, multiple bullish signals are emerging for SOL, and it appears that it may be entering a bull market from the current price levels.
$XRP The 50 EMA and 100 EMA lines, which both serve as resistance levels, suggest that unless there is a sizable influx of buying volume, the bearish trend may continue. The 200 EMA is significantly above the current price, which highlights the bearish long-term outlook barring a significant bullish reversal.
$SOL Solana has been making strong moves on the market recently as the recovery keeps on sticking. With current tendencies, we might finally see a recovery and the retracing we have all been waiting for.
According to the most recent chart, Solana is currently trading at approximately $141.03. With the price's successful move above the 200 EMA, a key support level at $131.55 has been provided. The 50 EMA and 100 EMA are situated above the present price and may serve as resistance levels at around $146 and $142, respectively. Solana/ USDT Chart by TradingView
Growing interest and participation in SOL is evident from the noticeable increase in trading volume. The increase in volume indicates that buyers are becoming more active, which is encouraging. SOL has plenty of room to rise since the RSI is currently at 49.02, which shows that it is neither overbought nor oversold.
At the 50 EMA, $146, and the 100 EMA, $142, immediate resistance is around the corner. The $150 threshold is the next important target for SOL, if it can overcome these levels. The 200 EMA at $131 and $126, which has historically served as a support level, are support levels on the downside.
With institutional interest and wider adoption offering a strong foundation for recovery the general market sentiment for cryptocurrencies has been progressively improving. Solana, known for its quick transactions and strong ecosystem, will gain a lot from this shift on the market.
Since new technologies like BLinks are being released and will simplify the network's integration and implementation, Solana's fundamental value is increasing despite the stale market.
According to the most recent chart, Solana is currently trading at approximately $141.03. With the price's successful move above the 200 EMA, a key support level at $131.55 has been provided. The 50 EMA and 100 EMA are situated above the present price and may serve as resistance levels at around $146 and $142, respectively. Solana/ USDT Chart by TradingView
Growing interest and participation in SOL is evident from the noticeable increase in trading volume. The increase in volume indicates that buyers are becoming more active, which is encouraging. SOL has plenty of room to rise since the RSI is currently at 49.02, which shows that it is neither overbought nor oversold.
At the 50 EMA, $146, and the 100 EMA, $142, immediate resistance is around the corner. The $150 threshold is the next important target for SOL, if it can overcome these levels. The 200 EMA at $131 and $126, which has historically served as a support level, are support levels on the downside.
With institutional interest and wider adoption offering a strong foundation for recovery the general market sentiment for cryptocurrencies has been progressively improving. Solana, known for its quick transactions and strong ecosystem, will gain a lot from this shift on the market.
Since new technologies like BLinks are being released and will simplify the network's integration and implementation, Solana's fundamental value is increasing despite the stale market.
$SOL I spent my full night to looking this coin . and market is going to bearish ,
🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥
🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥🫥
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Eth Update !!!!
Ethereum current price is around $2,365, and its next buying zone, where ETH has a good chance of reversing, should be between $2,280 and $2,230. There’s also a fair value gap at $2,180, which ETH could possibly fill this week. However, your best buying zone should be between $2,280 and $2,230.
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