$SOL $SOL •Solana (SOL) has experienced a mixed week. After reaching a high of around $158 earlier in the week, the price dropped over 4%, driven by a decrease in network activity Oct. 16-17 and a slight cooling off in the broader crypto market following Bitcoin’s rally.
•Solana rebounded on Friday with a 5% price increase, partly due to renewed optimism surrounding the Firedancer validator being developed by Jump Crypto, which aims to enhance Solana's blockchain performance.
•SOL bullish indicators,Solana’s trading volume surged 24.88% on Friday, reaching an impressive $4.76 billion. This increased activity signals rising confidence and interest in SOL, which could positively impact its price.
👉Solana price prediction:
•Currently, SOL is traded at $153.84, struggling to break through the $155 resistance level.
•Solana's critical support level is currently at $141, and a breach below this level could trigger a sharper decline, possibly confirming a double-top pattern.
•However, if SOL can maintain its momentum, it could reach $165, where an inverted head-and-shoulders pattern signals a potential breakout. If Solana breaches the $165 neckline, the price could rally toward $185 in the coming days. Despite recent fluctuations, trader sentiment remains bullish.
As of the reporting time, Solana was trading at $134, reflecting daily gains of over 3%. However, over the past seven days, the token has plunged by over 7%.#Solana_Blockchain
Although Solana demonstrates bullish sentiment in the short term, technical analysis from TradingView points to a more bearish outlook. According to a summary of the one-day indicators, the token is dominated by a ‘sell’ signal at 14, with moving averages indicating a ‘strong sell’ at 13. However, oscillators are ‘neutral’ at 7.
Chainlink (#LINK🔥🔥🔥 ) is currently trading at $10.24, following a dip below the August 16 low of $9.92. LINK quickly recovered after briefly touching $9.84, signaling demand at this level. However, despite this bounce, LINK remains below the 4-hour 200 moving average (MA), a critical technical indicator currently at $10.80.
#ANALYSIS see this MA as a key level, and a successful move above it could indicate a shift in momentum, potentially pushing LINK toward the next resistance at around $11.50.
$DOGS $DOGS The chart shows the price action of DOGSUSDT for a 15-minute timeframe.#CryptoMarketMoves
**Technical Analysis:**
•Downward Trend:The price has been trending downwards, indicated by the descending black line. This is a clear bearish signal. •Support Level:The price is currently testing a support level around 0.0010600. •Resistance: There is a resistance level near the price of 0.0011000. •Moving Averages: The 200 EMA (Super Secret 200 EMA) is below the price, indicating a short-term downtrend. •Volume: The volume is decreasing, which suggests that interest in the asset is declining.
**Disclaimer:** This is a technical analysis of the price action, not financial advice. It is crucial to conduct your research and understand the risks before making any investment decisions.
Two weeks ago, LINK broke out of a bearish pennant, a technical pattern that signals the continuation of a downtrend. Invalidating the bearish bias at that time drove LINK’s price to $12.62. #LINK🔥🔥🔥
However, later on, the altcoin’s value dropped by 19.38%, suggesting that the earlier surge was a fakeout. From the daily chart shown below, Chainlink bulls might be working toward sending the price higher. #BTC☀
Additionally, the resistance at $10.73 suggests that the cryptocurrency might fail to sustain the uptrend. If this happens, a notable pullback could be next. Going by the Fibonacci retracement indicator shown on the chart, LINK’s next target rests around $9.72.
$BTC Overview. Market liquidations over the last 24 hours, #CoinGlass. : ~54 K traders, totalling -$114 million - -55% long positions and ~45% short positions.
We spend the weekend with a consolidation above the local resistance level as expected. This is a good signal to continue the upward movement next week. #LowestCPI2021
The upward movement reserve will be up to 66-69K. Perhaps we will test 70K. This will already be the fifth test of the downtrend.
If it is broken - the road to 72K with the potential of ATH update will be opened, If it fails to break above, we will see another decline to at least 60K.#CryptoMarketMoves
$AAVE Aave’s price saw a surge of over 12% amid heightened whale activity and a broader jump in the global crypto markete At the time of writing,Aave has become the 47th largest cryptocurrency, with its market cap exceeding $1.89 trillion as its price soared 12.4% on Aug. 20, trading at $126.9, according to data from crypto.news
Despite this rise, the cryptocurrency remains down 80.8% from its all-time high of $661.6, while its daily trading volume is staying at $392 million.
Meanwhile, blockchain analytics firm Lookonchain revealed that whales had significantly increased their holdings of Aave within just a three-hour window. According to their data, these large-scale investors acquired a total of 31,407 AAVE, valued at approximately $3.92 million.
In one instance, the whale address 0x3737 spent 813 ETH, equivalent to $2.18 million, to purchase 17,690 AAVE at a price of $123 per token. Another whale, identified by the address 0x1D15, withdrew 13,717 AAVE worth about $1.73 million from Binance. As of press time, that whale holds a total of 19,373 AAVE, valued at $2.45 million. #CryptoMarketMoves #BinanceSquareCreatorAward #BinanceTurns7
$BTC Despite the recent crypto market’s volatility, #Bitcoin❗ whales have been taking advantage of price dips and accumulating $BTC . As per data shared by Santiment, an on-chain crypto intelligence platform, Bitcoin whales with wallet holdings of 100 to 1000 $BTC have been accumulating $BTC . These wallets have roughly added 94,700 more $BTC to their holdings during the last 6 weeks. #BinanceSquareCreatorAward
👉Bitcoin Accumulations Show Whales’ Confidence In $BTC Long-Term Potential
••Although $BTC is trading below $60K and experiencing high volatility, stakeholders still believe in the long-term potential of Bitcoin. If we look at today’s Fear & Greed Index, we shall come to know that the crypto market is indicating Fear. While, a few traders are selling their $BTC holdings to avoid major losses, at the same time whales are considering this time to be a perfect time to accumulate $BTC .
••Crypto whales believe in the long-term potential of Bitcoin and are quite confident the $BTC shall break exponentially and touch new all-time highs (ATH). Considering such confidence, $BTC whales are accumulating maximum Bitcoins to their $BTC holdings amid the time of high price volatility. Past 6 months, these whales have roughly accumulated 94.7K $BTC .
👉How Do Smaller Traders and Whales React to Market Uncertainty?
During times of uncertainty or market downturn, many smaller traders become the victim of price fluctuations and start selling their holdings to avoid a major loss. Most of the time, they exit the crypto market by releasing their holdings, but on the other, whales find it the best opportunity to add assets to their existing holdings. Particularly, Bitcoin whales start buying $BTC regardless of selling pressure and yield the maximum profits during the bull run.
••The crypto prices today have ignited significant investor optimism across the globe, embarking upon a bullish momentum. #Bitcoin❗ (BTC) price topped the $60K mark, whereas Ethereum, Solana, and XRP entered into the green territory. Simultaneously, Neo & Aave emerged among the day’s top gainers. #BinanceSquareCreatorAward
👉Bitcoin ($BTC ) Price Today •BTC price rested at $60,920 today, up nearly 4% in the past 24 hours. Its 24-hour lows and highs are $57,864.71 and $60,917.40, respectively. •Bitcoin’s dominance stood at 56.10% today, a 0.35% increase in the past 24 hours. BTC’s market cap stood at $1.2 trillion at press time.
👉Ethereum ($ETH ) Price Today •The ETH price chart illustrated a nearly 1% upswing over the past day to reach $2,663. Its 24-hour lows and highs were recorded as $2,566.40 and $2,676.54, respectively. •Ethereum gas fees recently dropped to a remarkable five-year low, fueling investor speculation on future price movements. Also, ETH’s market cap rested at $320.28 billion.#ETHETFsApproved
Solana ($SOL ) Price Today The crypto SOL’s price saw a 2% increase in value to $146 today. Solana’s intraday lows and highs are $141 and $147.54, respectively. #LowestCPI2021
#Xrp🔥🔥 Price Today Meanwhile, XRP’s price soared 7% over the past day and is trading at $0.6087. Its 24-hour lows and highs are $0.5658 and $0.6094, respectively.
DOGE & SHIB Prices Today Dogecoin (DOGE) price saw a 4% increase in value to $0.104 today, aligning with the broader market trend. Similarly, Shiba Inu (SHIB) price saw a 3% pump in value to $0.00001361.
$LINK #Chainlink price prediction shows the asset is in a bearish continuation pattern, known as a Bear Pennant. This indicates that LINK may continue its downtrend after a period of consolidation.#BinanceSquareCreatorAward
If the price follows through with the Bear Pennant pattern, LINK will likely find support around the $10.49 level, but a break below this could push the price toward the next support near $9.00. Below that, a long-term support target could be set around $5.50, based on the flagpole’s projected downward height. This represents a 47% drop from the current price.#LINK🔥🔥🔥
All the exponential moving averages (EMAs) are sloping and expanding downward, confirming the bearish sentiment. Chainlink price is also trading below all of them, reinforcing the downtrend.
If the LINK price breaks above $10.85, this could invalidate the Bear Pennant and bearish thesis. LINK would test the next major resistance at $12.04 and finally at $14.50
VanEck, 21Shares Solana ETFs Hit Roadblock as CBOE Pulls Filings: #VanEck_SOL_ETFS
After BTC, ETH ETFs were approved for trading in the United States, multiple fund providers set their sights on Solana. Solana ETFs could be the next major target as filing proposals to offer similar crypto ETFs.#LowestCPI2021
This optimism was fueled by the recent approval of a Solana ETF in Brazil. This led experts to predict that a U.S. counterpart was imminent. However, recent developments have cast a significant shadow over these expectations.
👉Solana ETF Expectations:
In a surprising turn of events, the Chicago Board Options Exchange (CBOE) has withdrawn the Solana ETF filings from asset managers VanEck and 21Shares. The removal of these filings from the CBOE’s website has created uncertainty about the immediate future of Solana ETFs in the U.S.
👉SOL Market Performance$SOL
SOL has seen a significant decline, falling over 9.9% in the past week to a low of $139.48 as of August 16. Over the past 30 days, SOL has experienced a 14% drop, with a 90-day decrease of 18%. Despite the decline in price and the heightened trading activity, SOL’s market capitalization has decreased to $64.52 billion. Nevertheless, it remains the fifth-largest cryptocurrency according to CoinMarketCap data.
#Bitcoin❗ price loss, which occurred at a crucial support level, impacted the entire crypto market. Investors sold off following lower-than-expected US Consumer Price Index (CPI) data.#LowestCPI2021
👉Bitcoin (BTC) Weekly Wrap:: •Bitcoin’s price fell by over 5% in the last seven days as crypto investors moved to sell. $BTC and the rest of the market rose slightly this week following the release of inflation data but fell soon after due to profit-taking. •This led to BTC losing the crucial support of $60,000, resulting in Bitcoin’s price trading at $58k at the time of writing. Looking to bounce off the support at $58,200 BTC, BTC could recover $60,000 as support. •However, if this does not happen and the decline continues, the crypto asset could end up losing $57,000. The next crucial support lies at $54,500, and testing it would invalidate the bullish thesis.
👉Ethereum ($ETH ) Weekly Wrap •#etherreum Ethereum’s price has failed to secure a recovery, rising by 11.75%, trading at $2,618 at the moment. The altcoin king did not manage to close above the resistance at $2,681 despite breaching it twice in the last week.#ETHETFsApproved •The likelihood of a price decline in ETH looms, though it may not drop below $2,400. The next key support level is at $2,344, but the altcoin could stay nearer to the resistance level of $2,681. •However, if bearish cues dominate the market and ETH notes a decline, it could fall to test the support at $2,344, invalidating the bullish thesis.