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Vladislav Hryniv
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đŸ’” According to AMBCrypto: Will $SOL slide right down to $120? The range (purple) from $156 to $116 has its mid-point at $136. Additionally, the Fibonacci retracement levels at $141 and $122 are also expected to act as support. The rejection on Monday the 6th of May was followed by a 10.8% drop. At press time, the $141 level held as support, but it was unclear if it could hold the bears off for the remainder of the week. The RSI on the 12-hour chart has slipped below neutral 50 as an early indication of growing bearish momentum. The MACD showed bullish momentum had been gathering strength, but it was quickly reversed in the past 48 hours. At press time, the MACD was neutral but threatened to flip bearishly. Traders can expect a minor relief bounce at the $136 mid-range support. The trading volume has remained steadily low in the past two weeks, and if it continues, another drop to the $122 level would be likely. While the price of Solana formed a range in the past month, the Open Interest stayed relatively flat. It saw minor dips and bounces alongside the price oscillation between the range extremes. This indicated a lack of bullish conviction from futures market participants. The spot CVD also formed a range. This was a positive finding for long-term bulls, as it underlines a period of consolidation. Ideally, buyers want to see the spot CVD trend higher during consolidation. Given the uncertainty and fear in the market now, it’s good enough that the spot CVD did not begin a downtrend.

đŸ’” According to AMBCrypto: Will $SOL slide right down to $120?

The range (purple) from $156 to $116 has its mid-point at $136. Additionally, the Fibonacci retracement levels at $141 and $122 are also expected to act as support.

The rejection on Monday the 6th of May was followed by a 10.8% drop.

At press time, the $141 level held as support, but it was unclear if it could hold the bears off for the remainder of the week.

The RSI on the 12-hour chart has slipped below neutral 50 as an early indication of growing bearish momentum.

The MACD showed bullish momentum had been gathering strength, but it was quickly reversed in the past 48 hours. At press time, the MACD was neutral but threatened to flip bearishly.

Traders can expect a minor relief bounce at the $136 mid-range support. The trading volume has remained steadily low in the past two weeks, and if it continues, another drop to the $122 level would be likely.

While the price of Solana formed a range in the past month, the Open Interest stayed relatively flat. It saw minor dips and bounces alongside the price oscillation between the range extremes.

This indicated a lack of bullish conviction from futures market participants.

The spot CVD also formed a range. This was a positive finding for long-term bulls, as it underlines a period of consolidation. Ideally, buyers want to see the spot CVD trend higher during consolidation.

Given the uncertainty and fear in the market now, it’s good enough that the spot CVD did not begin a downtrend.

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👀 $SHIB holders lose interest - AMBCrypto Analytics AMBCrypto assessed SHIB’s key momentum indicators and found that they trended downward and were positioned elbow their respective center lines. For example, SHIB’s Relative Strength Index (RSI) was 38.27, while its Money Flow Index (MFI) was 35.21.  These indicators identify an asset’s overbought and oversold conditions by measuring how its price moves and changes. They range between 0 and 100, with values above 70 suggesting an asset is overbought, while values less than 30 indicate that the asset is oversold and due for a correction. Generally, SHIB’s current RSI and MFI are indicators of significant selling pressure. But they also suggest the possibility of a price rebound.  However, the assessment of other indicators confirmed that the bull strength is significantly weak, and the meme coin’s value might plummet further in the short term. For example, SHIB’s Elder-Ray Index was -0.0000000303 at the time of writing.  This indicator measures the relationship between the strength of SHIB’s buyers and sellers. When its value is negative this way, bear power is dominant in the market. For context, SHIB’s Elder-Ray Index has been negative since 7 June. Also confirming how significant the bearish bias toward the altcoin was at press time, readings from its Directional Movement Index (DMI) showed its positive directional index (green) resting under its negative index (red). When these trend lines are set up in this manner, selling pressure outweighs buying activity. It suggests that the bears have market control, and the demand for the asset in question continues to plunge. 
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đŸ’„ $SOL Surprising Stability - U.Today Analytics Solana is probably one of the few assets on the market with a stable position right now, safely trading at the 100 EMA, at around $150. Despite the overall negative sentiment around the asset, SOL is still in an uptrend if we look at the long-term trend, and the current support level may become a foundation for a future reversal. As it remains stable at $150 and lines up with the 100 EMA, the chart demonstrates Solana's resilience. This suggests a level of strong support that may serve as a springboard for further gains. Solana has succeeded in keeping a more stable trading range, in contrast to many other cryptocurrencies that are seeing considerable volatility.  In spite of the recent market decline, Solana's price action is still bullish when analyzing the long-term trend. The fact that the asset has managed to hold above the 100 EMA shows that the bulls are still in charge. A more neutral outlook is also offered by the RSI, which indicates that there is potential for upward movement without becoming overbought.  At press time, SOL is trading at: - $152.100 on KuCoin - $152.105 on WhiteBIT - $152.09 on Coinbase Traders' interest is consistent, even though the trading volume is lower than it was at previous peaks. The notion that Solana might be preparing for a comeback is supported by the volume's consistency, particularly if the mood of the market as a whole improves.  Shiba Inu has failed to hold the 100 EMA support level and has opened below it during this trading session. The fact that the price of the meme token is moving below this moving average raises substantial concerns and may be a negative signal for investors. The next support level for the asset is not far away but is located below a crucial resistance level.
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🚀 $WIF Sellers Take Charge  - AMBCrypto Analytics Regarding WIF, its performance has not been any different, as the bearish bias toward the leading meme coin remains significant.  For example, its Chaikin Money Flow (CMF) rested below the zero line to return a value of -0.09 at press time.  This indicator measures the flow of money into and out of the WIF market. When its value is negative, it signals liquidity outflow from the market, which is a bearish sign and a precursor to a further price decline. Also, readings from WIF’s Directional Movement Index (DMI) showed its positive directional index (green) resting below its negative index (red). 
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đŸ’” $AVAX Set to Extend Losses as Traders Tilt Bearish - BeinCrypto Analytics Meanwhile, AVAX’s market structure on the daily chart suggests a potential fall. The Exponential Moving Average (EMA) is a crucial indicator that corroborates this bias.  EMA measures trend direction and reflects how prices can change within a given period. On the AVAX/USD daily chart, the 20 EMA (blue) crossed below the 50 EMA (yellow) since April 13.  This position is called a death cross and is a bearish trend. It occurs when the longer EMA crosses above the shorter EMA. The opposite is the golden cross that occurs when the shorter EMA crosses above the longer EMA. This position puts AVAX at risk of a decline to $29.38. Further, the Directional Movement Index (DMI) supports the potential price decrease. The chart below shows that the -DMI (red) was 27.58, while the +DMI (blue) was 11.85. DMI measures both strength and direction. Therefore, the difference between the +/-DMI suggests a downward direction for AVAX.   Also, the Average Directional Index (ADX) trends upward. The ADX (yellow) shows the strength of the direction. If the ADX spikes, it means that the direction has strength behind the movement.  However, a low DMI reading means that the directional strength is weak. In AVAX’s case, it was the former. 
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đŸ”„ $NOT Braces for More Dip - AMBCrypto Analytics Following its launch on the Toncoin network on 16th May, NOT’s value climbed to a peak of $0.02 on 2nd June.  However, as profit-taking activity gained momentum, NOT bulls could not defend that price level, hence the price decline. At its current value, the altcoin’s price has dropped by 20% from its high. An assessment of key momentum indicators confirmed the surge in NOT sell-offs in the past few days.  For example, its Relative Strength Index (RSI) and Money Flow Index (MFI) trended toward their respective center lines. At press time, the token’s RSI and MFI were 55.31 and 56.56, confirming the decline in buying pressure.  Further, the value of NOT’s Aroon Up Line (orange) was 35% at the time of writing. This indicator identifies the strength of an asset’s price trends and potential reversal points. When an asset’s Aroon Up line is close to zero, the uptrend is weak, and the most recent high was reached a long time ago.  At its current price, NOT traded close to its 20-day exponential moving average (EMA), which tracks the token’s average price in the past 20 days.  When an asset trades close to this key moving average, it signals a decline in buying momentum and an indication that the bears might soon regain market control.
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