SOL ran past the resistance around $56, with the RSI indicating more upside for the token. If Solana continues to attract institutional capital, SOL may hit a new yearly high.  If profit-taking begins before $60, the $53.93 support may prevent SOL from a nosedive. Solana (SOL) tapped $58.47 again after the altcoin followed the upward direction of the broader market on November 28. This increase could be attributed to Bitcoin’s (BTC) initial jump above $38,000 on the same day. While Bitcoin has retraced from the said value, SOL was once again the top gainer out of all the top 10 cryptocurrencies as per market value. According to the SOL/USD 4-hour chart, the cryptocurrency was able to flip the $53.93 support. However, during its upward run, SOL faced a barrier at $56.31. But with bulls in control of the market, SOL was able to beat the resistance while eyeing a fresh weekly high. Indicators like the Relative Strength Index (RSI) signal a potential for more upside. Bulls Send Bears Into Extinction At press time, the RSI was 60.22. This reading was largely above the neutral 50.00 point, indicating a clear bullish momentum for SOL. Should this buying momentum continue and the bearish presence continue to exit the market, then SOL may retest $60. The Moving Average Convergence Divergence (MACD) also showed that the token’s upside potential was greater than the possibility of a slide. This was because the MACD had crossed into positive territory.  But for SOL to hit $60 or more, the 12-day EMA (blue) needs to move higher than the 0.14 reading. At the same time, the 26-day EMA (orange) needs to continue languishing in the red area to confirm the uptrend. SOL/USD 4-Hour Chart (Source: TradingView) Institutions Have Eyes on SOL Besides the technical aspect, the macroeconomic view revealed that there is a lot of institutional interest in Solana and products linked to the project. At one point, CoinShares, the digital asset investment group, reported that the capital inflow into Solana investment products almost exceeded that of Bitcoin. In its recent Digital Asset Fund Flow report released on November 28, CoinShares noted that SOL was the altcoin, apart from Ethereum (ETH), with the highest share of inflows. The report noted that the weekly inflow allocated to Solana investment products was worth $3.5 million. Digital Asset Fund Flow (Source: CoinShares) The rise in inflows is proof that retail players were not the only participants watching SOL’s movement closely. If institutional capital continues to flow into Solana, then there is a chance that the cryptocurrency may hit a new Year-To-Date (YTD) high. However, bulls need to watch out for profit-taking which could be the play of some short-term traders. Should some selling pressure appear, SOL’s price may drop. But if the $53.93 support retains its place, the cryptocurrency’s next leg up could surge past $65. The post Solana (SOL) Eyes a $60 Retest But Here’s What It Requires appeared first on Coin Edition.

Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcement when retail tries to get in. Daily cryptocurrency market performance. Source: Coin360 However, the macroeconomic conditions in early 2024 may limit the downside. Pershing Square Capital Management CEO and founder Bill Ackman said in an interview with Bloomberg that the U.S. Federal Reserve will cut rates sooner than people expect. He anticipates rate cuts to start in Q1 instead of the market expectations of the middle of the year. Could Bitcoin and altcoins witness a shallow correction before resuming their uptrend? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin again rose above the $37,980 resistance on Nov. 28, but the bulls could not achieve a close above it. This shows that the bears are fiercely defending the level. BTC/USDT daily chart. Source: TradingView The repeated retest of a resistance level tends to weaken it. If bulls sustain the price above the 20-day exponential moving average ($36,820), the possibility of a rally to $40,000 improves. This level may act as a significant hurdle. If bears want to prevent the up-move, they will have to quickly pull the price below the 20-day EMA and the uptrend line. That could start a decline to the solid support at 34,800. A strong bounce off this level may keep the BTC/USDT pair inside the large range between $34,800 and $38,000 for a while longer. Ether price analysis Ether (ETH) again found support at the 20-day EMA ($2,006) on Nov. 27 and 28, indicating that the bulls view the dips as a buying opportunity. ETH/USDT daily chart. Source: TradingView The bulls are expected to face stiff resistance in the zone between $2,137 and $2,200, but if buyers do not give up much ground, it will increase the possibility of a rally above $2,200. If that happens, the ETH/USDT pair will complete a large ascending triangle pattern. That could start a new uptrend, with a pattern target of $3,400. Instead, if the price turns down and breaks below the 20-day EMA, it will signal that the bears are trying to get back in the game. The pair may then slump to the 50-day SMA ($1,853). BNB price analysis The bears tried to yank BNB (BNB) below the $223 support on Nov. 27, but the bulls did not relent. This suggests demand at lower levels. BNB/USDT daily chart. Source: TradingView The bulls will have to force the price above the 20-day EMA ($235) to start a meaningful recovery. The BNB/USDT pair could then attempt a rally to $265, where the bears may again offer a stiff resistance. If the price again turns down from the 20-day EMA, it will suggest that the bears are trying to flip the level into resistance. That will enhance the prospects of a fall below $223. If this level gives way, the pair may collapse to $203. XRP price analysis XRP (XRP) has been stuck between the moving averages for the past few days, indicating indecision among the bulls and the bears. XRP/USDT daily chart. Source: TradingView The slightly downsloping 20-day EMA ($0.61) and the RSI near the midpoint do not indicate an advantage either to the bulls or the bears. If buyers kick the price above the 20-day EMA, the XRP/USDT pair may rise to $0.67. Instead, if the price turns down sharply from the 20-day EMA and skids below the 50-day SMA ($0.58), it will signal that bears are trying to seize control. The selling could accelerate further if the pair plunges below $0.56. Solana price analysis Solana (SOL) snapped back from the 20-day EMA ($54.71) on Nov. 28, indicating that the sentiment remains positive. SOL/USDT daily chart. Source: TradingView The bulls will try to push the price above the immediate resistance at $62.10. If they succeed, the SOL/USDT pair could climb to the local high at $68. The bulls will have to overcome this obstacle to invalidate the head-and-shoulders pattern. The failure of a bearish pattern is a bullish sign. That may start a sharp rally in the pair to $85. The $51 level remains the key support on the downside. A break and close below this level could start a deeper correction toward the 50-day SMA ($42.25). Cardano price analysis Cardano (ADA) slid to the 20-day EMA ($0.38) on Nov. 27, but the bulls held their ground. This suggests that lower levels are being aggressively bought. ADA/USDT daily chart. Source: TradingView The higher lows of the past few days improves the prospects of an upside breakout. If the bulls shove the price above $0.40, the ADA/USDT pair could pick up momentum and climb to $0.42 and later to $0.46. Time is running out for the bears. If they want to make a comeback, they will have to tug the price below the 20-day EMA. That may hit stops of short-term traders and the pair may fall to the solid support at $0.34. Dogecoin price analysis Dogecoin (DOGE) has been repeatedly taking support at the 20-day EMA ($0.08), indicating that lower levels are being purchased. DOGE/USDT daily chart. Source: TradingView The upsloping moving averages and the RSI in the positive territory indicate that the path of least resistance is to the upside. Buyers will try to propel the price to $0.09 and next to $0.10, where they are likely to encounter selling by the bears. On the downside, the 20-day EMA remains the key level to watch out for. If this level crumbles, the DOGE/USDT pair may drop to the 50-day SMA ($0.07) and subsequently to the crucial support at $0.06. Toncoin price analysis Toncoin (TON) has been trading above the 20-day EMA ($2.37) for the past few days, but the bulls are struggling to push the price to $2.59. This suggests that demand dries up at higher levels. TON/USDT daily chart. Source: TradingView The bears will try to gain the upper hand by yanking the price below the moving averages. If they manage to do that, the TON/USDT pair could decline to the psychological level of $2 and then to $1.89. On the upside, the first hurdle is at $2.59. If buyers surmount this resistance, the pair could rally to $2.77. Sellers may offer stiff opposition in the zone between $2.77 and $2.90, but if bulls do not allow the price to dip below $2.59, a new uptrend to $4.03 could begin. Chainlink price analysis Chainlink (LINK) again found support at the 20-day EMA ($14.07) on Nov. 28, indicating that the bulls are vigorously guarding this level. LINK/USDT daily chart. Source: TradingView The LINK/USDT pair is likely to face selling at the $15.40 mark as the bears have successfully held this resistance during three previous attempts. If the price turns down from $15.40, it will increase the likelihood of a drop to $12.83. On the contrary, if bulls drive the price above $15.40, the pair may challenge the local high at $16.60. The up-move could resume, and the pair may reach $18.30 if this level is surpassed. Avalanche price analysis Avalanche (AVAX) rebounded off the 20-day EMA ($19.35) on Nov. 28, indicating that the sentiment remains positive and traders are buying on dips. AVAX/USDT daily chart. Source: TradingView The bulls will have to overcome the resistance at $22 to strengthen their position. The AVAX/USDT pair may then rise to $24.69. Sellers are likely to mount a strong defense at this level because if this resistance is taken out, the pair could travel to $28.50 as there is no major resistance in between. Contrary to this assumption, if the price turns down from $22, it will suggest that bears remain active at higher levels. The advantage will tilt in favor of the bears if they sink the pair below $18.90. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

As the new month draws closer, story observers are looking to strengthen their position in the cryptocurrency market. While Bitcoin is a major target for some, altcoins like Cardano, XRP, Shiba Inu, and Solana are just as promising for others. One such altcoin that has the market talking non-stop is Cardano’s ADA. The general sentiment amongst market players at this time is mixed. While some are bullish on crypto majors like XRP, Solana, and Shiba Inu, others are more conservative with their price expectations. Ali Charts, a prominent analyst convinced of ADA’s ability to sustain momentum and push past the bearish tides, made some remarkable observations in a recent post shared on X. Per his notation, Cardano is at a key demand zone between the $0.37 and $0.38 price levels. At this position, a staggering 166,470 wallets have secured  4.88 billion in ADA at press time. Although there is mild resistance ahead and what the analyst considers solid support for the altcoin, ADA still can make a significant upclimb. Should the asset remain above the zone as mentioned above, it could pave the way for ADA to make an upclimb to new yearly highs, he asserted. His bullish comments have been received positively by the ADA community. However, it is still important not to throw caution to the wind, as the current pathway isn’t obstacle-free. It is important to watch out for the unexpected, as losing this current support level could trigger a brief correction for ADA. At press time, the asset is trading for $0.37. Losing support could result in a downward correction that could force ADA to return to $0.34. In a follow-up post, the trader highlighted that a sell signal had been spotted on the technical chart. If selling pressure intensifies, ADA could go down to lower lows. To avoid this downward spiral, bulls must secure some gains. As he explained, “Cardano | The TD Sequential indicator presented a sell signal on the ADA weekly chart. Losing the $0.37 level as support could trigger a correction toward $0.34 or $0.33. ADA must close above $0.40 to advance toward $0.46!”  ADA has lost over 2% of its hourly gains at report time. Although the market cap is in the red zone, trading volume has surged by 28% in the last 24 hours.

Popular Analyst Highlights XRP, Solana, and Shiba Inu and Remarkable Measurements for This Altcoin in Particular. While Bitcoin is an important target for some, altcoins such as Cardano, XRP, #Shiba Inu and Solana are equally promising for others. One of the altcoins that the market constantly talks about is Cardano's ADA. Currently, the general opinion among market players is mixed. While some are bullish on cryptocurrency giants like XRP, Solana, and Shiba Inu, others are more conservative about their price expectations. Ali Charts, a leading analyst who believes in ADA's ability to sustain momentum and ride out bearish waves, shared some notable observations in a recent post shared on X. According to him, Cardano is in a significant demand zone between the $0.37 and $0.38 price levels. At this location, a staggering 166,470 wallets have secured 4.88 billion in ADA at the time of writing. Although there is slight resistance ahead and the analyst thinks there is solid support for the altcoin, #ADA is still likely to post a significant upside. He suggested that if the asset remains above the zone as mentioned above, this could pave the way for ADA to climb to new annual highs. His bullish comments were met with positive response from the #ADA community. However, it is still important to throw caution to the wind as the current road is not obstacle-free. In the meantime, it is important to be wary of the unexpected as a loss of this current support level could trigger a short correction for ADA. At the time of writing, the asset is trading at $0.37. A loss of support is likely to result in a downside correction that could cause #ADA to return to $0.34. In a follow-up post, the trader highlighted that a sell signal was seen on the technical chart. If the selling pressure intensifies, it is of course possible that #ADA will drop to lower levels. To avoid this downward trend, the bulls need to make some gains. $ADA $XRP $SHIB

Large SOL transfer to Binance by a cryptocurrency whale raises sell-off concerns in the crypto market.SOL’s price dips by 1.89% following the significant whale transaction.BIT exchange’s plans for SOL options trading signal institutional interest. Cryptocurrency traders and enthusiasts were sent into a frenzy as news broke that a substantial amount of Solana (SOL) tokens had been transferred to the Binance exchange by a cryptocurrency whale. The massive transaction, involving approximately 199,999 SOL, was valued at over $10 million. The sudden movement of these tokens has fueled rumors of a potential sell-off within the cryptocurrency community, causing concern among investors.  SOL’s price has also experienced a decline of 1.89% over the past 24 hours, intensifying speculations of a market shift. Binance Receives Massive SOL Transfer In a surprising development, a cryptocurrency whale recently orchestrated the transfer of nearly 200,000 Solana tokens, equivalent to more than $10 million, from an undisclosed wallet to the Binance exchange.  This substantial transaction has raised eyebrows within the crypto community, prompting discussions about the possibility of a significant sell-off event. Following the transfer of these tokens, SOL’s price exhibited signs of volatility. Over the past 24 hours, the value of SOL decreased by 1.89%, with the cryptocurrency trading at $54.83 at the time of writing, after briefly touching a low of $51.56.  This price movement has contributed to growing speculation among traders and investors about the potential implications of the significant token transfer. See Also: Solana Rallies, Soared Above $54: What Is Next For SOL? Increased Trading Volume And Institutional Interest Despite the price dip, Solana experienced a notable surge in its 24-hour trading volume, exceeding $2.5 billion.  This surge in trading activity may indicate increased market interest and activity surrounding SOL, even in the midst of uncertainty. Additionally, the cryptocurrency ecosystem may find some stability through the recent announcement from the BIT exchange. BIT exchange founder, Jihan Wu, revealed plans to introduce Solana options trading in response to the rising demand from institutional investors.  This development could play a crucial role in mitigating the potential negative impact of a sell-off, as it signifies growing institutional interest and support for the Solana network. From a technical perspective, SOL recently slipped below the critical support level of $56.95, a key price point that could indicate further downside potential.  Should SOL’s daily candle close below this level, the cryptocurrency may face the risk of dropping to as low as $47.60 in the coming days. This bearish scenario presents a challenging situation for SOL traders and investors. See Also: Solana Welcomes Render Network (RNDR): Incentive Program And Strategic Migration However, there remains a glimmer of hope for the cryptocurrency’s recovery. If SOL can manage to close a trading session above $56.95 within the next 48 hours, it could lay the foundation for a potential short-term rally.  This upward momentum might then target the next resistance level at $68.85, providing some relief to those concerned about the recent price decline. $SOL #SOL

While some analysts are expecting an average Bitcoin price of at least $100,000 between 2024 and 2028, emphasizing the potential for substantial growth in the coming years, Bitcoin has recently achieved a new high for 2023, briefly surpassing $38,000. Bitcoin's recent price surge is bouncing back from an earlier slump, hitting its highest level since May 2022. Broader implications of recent events in the crypto world include the end of Changpeng Zhao's time at Binance and the potential for a Bitcoin ETF approval.  Amidst this dynamic backdrop, certain crypto projects are distinguishing themselves. ScapesMania, with its innovative gaming ecosystem, is positioned to harness this momentum. By enabling community-led development and offering financial incentives, the project is not only a part of the market's growth but also serves as a potential harbinger for the future trajectory of cryptocurrency adoption and integration within the gaming industry. ScapesMania – A Presale Opportunity While some are facing uncertain times, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now - Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale is Live. Learn More About Major Benefits Solana (SOL) On-chain Analysis  Non-vote transactions on the Solana Network saw a significant upward spike recently, reaching 25.65 million transactions on November 24, 2023, according to TheBlock data.  The sharp increase in transaction volume towards the latest date suggests heightened network activity, which could be driven by increased user adoption, the launch of new applications on the network, or speculative activity. Typically, if this increase in transaction volume reflects genuine growth in the utility and adoption of the Solana network, it could be a bullish signal for the price of SOL.  Source: TheBlock.co Solana (SOL) Technical Analysis Technical analysis of Solana (SOL) price action suggests a nuanced market sentiment, as indicated by a mix of signals from various technical indicators and moving average (MA) levels. The Relative Strength Index (RSI) at 54.58 indicates that Solana is neither overbought nor oversold, hovering near the midpoint, which often suggests a potential for either direction in price movement but without strong momentum. The Stochastic %K is above the midpoint at 68.02, which can signal that the market is gaining bullish momentum, as this level is traditionally seen as an indicator of buying interest. However, the Moving Average Convergence Divergence (MACD) level at 0.3448 confirms there’s a lack of strong trend in the market. For moving averages, Solana’s 10-day Simple Moving Average (SMA) at $58.79 suggests that short-term sentiment is slightly bearish. However, the longer-term indicators are more bullish, with the 200-day SMA at $57.52. This reflects a solid support level around the 200-day average, which could act as a springboard for future price. Solana (SOL) Price Prediction Looking ahead with price predictions for Solana, the bullish scenario would consider the support established by the 200-day SMA level. If the bullish momentum, as suggested by the longer-term moving averages and the recent spike in transaction volumes, is indicative of growing adoption and utility, the price may test the first resistance level at $69.07.  A strong breakout above this point could see Solana aiming for the second resistance at $77.02, and in a highly bullish market, possibly extending gains towards $93.86, taking cues from the support of the broader cryptocurrency market and increased demand for decentralized applications on the Solana network. Conversely, in the bearish scenario, if the sell signals from the short-term 10-day SMA is indicative of a trend reversal, the price may retract towards the pivot point at $60.19. A failure to hold this level could see the price falling to test the first support level at $52.24. A breach below this support could intensify selling pressure, potentially leading to a test of the second and third support levels at $43.35 and $26.52 respectively. This could be triggered by broader market downturns, regulatory headwinds, or diminishing transaction volumes on the network, undermining the demand for Solana. Avalanche (AVAX) On-Chain Analysis  According to IntoTheBlock data, the on-chain metrics for Avalanche (AVAX) reveal a substantial 67% of holders currently in profit and a high concentration of 74% by large holders, suggesting potential for both stability and volatility in the price due to their market influence. The strong price correlation of 0.84 with Bitcoin indicates AVAX is likely to follow broader crypto market trends. Meanwhile, the dominance of mid-term holders (59% holding for 1-12 months) could signal a level of market steadiness. However, the significant $603.32 million in transactions over $100K in the past week highlights active interest from larger investors, which may lead to notable price movements depending on these investors' actions, be it accumulating or profit-taking. Avalanche (AVAX) Technical Analysis  The technical price action for Avalanche (AVAX) presents a picture of neutrality with a slant towards caution, as most oscillators are indicating neutral sentiment. The Relative Strength Index (RSI) stands at 47.93, neither indicating overbought nor oversold conditions, which often points to a potential consolidation phase in the market. The Stochastic %K is at 45.50, aligning with the RSI to suggest a lack of clear directional momentum. However, the Commodity Channel Index (CCI) is in negative territory at -55.26, implying potential bearish undertones in the short term. The Average Directional Index (ADX) is relatively low at 27.53, reinforcing the absence of a strong trend. The MACD level, albeit slightly bullish at 0.046, is not pronounced enough to indicate a strong buying signal. These indicators collectively hint at indecision in the market, suggesting that AVAX may continue to trade within a range before establishing a defined trend. Looking at the moving averages can give us more clues about how AVAX is behaving in the market. The short-term 10-day Simple Moving Average (SMA) is $21.22 respectively, indicating that there is some balance between buyers and sellers in the near term. The longer-term 200-day SMA is $21.22. The proximity of the 10-day and 200-day SMAs to each other also points to a constricted trading range, with the 200-day SMA likely serving as a critical juncture for bullish or bearish confirmation. Avalanche (AVAX) Price Prediction  In a bullish scenario for AVAX, if the market sentiment shifts positively, leading to a sustained increase in buying pressure, we would expect the price to challenge the first level of resistance at $26.48. A break above this level could open up the path towards $30.09, with the potential to reach $39.14 in a strong upside rally. The upward swing in AVAX might just be fueled by the promising developments within the Avalanche network itself. Conversely, the bearish scenario would take shape if the market sentiment deteriorates, perhaps due to broader market sell-offs or negative news specific to Avalanche. In such a case, AVAX could retreat towards the pivot point level at $21.04, which may act as a temporary support. If this support fails to hold, the next level to watch would be at $17.42. Wrapping It Up  So, the crypto market's buzzing right now with Bitcoin blasting past $38K and some are even saying it could average out at around $100K before 2028. This optimism is mirrored in the analysis of Solana (SOL) and Avalanche (AVAX), where increased transaction volumes and technical indicators suggest a cautiously optimistic outlook. All this excitement just shows how people are getting more confident about crypto and believe it's poised for some serious growth. But the unpredictability of things like SOL and AVAX prices, as well as ever-changing investor moods, really highlights why you've got to do your homework before jumping into crypto. Especially because this world keeps changing with new tech discoveries, law shifts, and investor sentiment. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Large SOL transfer to Binance by a cryptocurrency whale raises sell-off concerns in the crypto market. SOL’s price dips by 1.89% following the significant whale transaction. BIT exchange’s plans for SOL options trading signal institutional interest. Cryptocurrency traders and enthusiasts were sent into a frenzy as news broke that a substantial amount of Solana (SOL) tokens had been transferred to the Binance exchange by a cryptocurrency whale. The massive transaction, involving approximately 199,999 SOL, was valued at over $10 million. The sudden movement of these tokens has fueled rumors of a potential sell-off within the cryptocurrency community, causing concern among investors.  SOL’s price has also experienced a decline of 1.89% over the past 24 hours, intensifying speculations of a market shift. Binance Receives Massive SOL Transfer In a surprising development, a cryptocurrency whale recently orchestrated the transfer of nearly 200,000 Solana tokens, equivalent to more than $10 million, from an undisclosed wallet to the Binance exchange.  This substantial transaction has raised eyebrows within the crypto community, prompting discussions about the possibility of a significant sell-off event. 199,999 #SOL (10,487,432 USD) transferred from unknown wallet to #Binancehttps://t.co/tMzK6oRuOl — Whale Alert (@whale_alert) November 21, 2023 Following the transfer of these tokens, SOL’s price exhibited signs of volatility. Over the past 24 hours, the value of SOL decreased by 1.89%, with the cryptocurrency trading at $54.83 at the time of writing, after briefly touching a low of $51.56.  This price movement has contributed to growing speculation among traders and investors about the potential implications of the significant token transfer. See Also: Solana Rallies, Soared Above $54: What Is Next For SOL? Increased Trading Volume And Institutional Interest Despite the price dip, Solana experienced a notable surge in its 24-hour trading volume, exceeding $2.5 billion.  This surge in trading activity may indicate increased market interest and activity surrounding SOL, even in the midst of uncertainty. Additionally, the cryptocurrency ecosystem may find some stability through the recent announcement from the BIT exchange. BIT exchange founder, Jihan Wu, revealed plans to introduce Solana options trading in response to the rising demand from institutional investors.  This development could play a crucial role in mitigating the potential negative impact of a sell-off, as it signifies growing institutional interest and support for the Solana network. From a technical perspective, SOL recently slipped below the critical support level of $56.95, a key price point that could indicate further downside potential.  Should SOL’s daily candle close below this level, the cryptocurrency may face the risk of dropping to as low as $47.60 in the coming days. This bearish scenario presents a challenging situation for SOL traders and investors. See Also: Solana Welcomes Render Network (RNDR): Incentive Program And Strategic Migration However, there remains a glimmer of hope for the cryptocurrency’s recovery. If SOL can manage to close a trading session above $56.95 within the next 48 hours, it could lay the foundation for a potential short-term rally.  This upward momentum might then target the next resistance level at $68.85, providing some relief to those concerned about the recent price decline. Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. The post Whale Moves $10M In Sol To Binance, Raises Sell-Off Concerns In The Crypto Market appeared first on BitcoinWorld.

In the most recent week, the cryptocurrency market has seen a mix of bullish and bearish trends, with most cryptocurrencies trading in neutral ranges. The weekly crypto price analysis reveals a market has been struggling to find direction, with most of the tokens seeing gains rather than losses. The market has been volatile, and buying and selling opportunities abound. Cryptocurrencies Price Heatmap, Source: Coin360 The leading cryptocurrency, Bitcoin (BTC), has managed to hold its position above $37k after a bullish outlook in the past week. The ETH price has also been showing bullish signs, with the token trading above $2k. Additionally, the XRP and ADA prices have gained momentum, with both tokens seeing a significant increase in value. However, not all cryptocurrencies have been on an upward trajectory. BNB’s price has been relatively stable after a bearish outlook, while Dogecoin (DOGE) and Solana (SOL) are experiencing a slight downward trend. BTC/USD BTC started the week on a positive note, with its price rising above $36K. The bullish trend continued throughout the week, and the token’s price reached $37k before showing signs of consolidation. The BTC dominance percentage has been around 50%, indicating a strong hold on the market. BTC/USD is currently trading at $37,892, with a 24-hour surge of  1.41% and a seven-day increase of  3.48%. If bullish momentum continues, BTC’s price will reach its next resistance level at $40k. However, if bears take control, BTC’s price could drop to its support level of $35k. BTC/USD weekly chart, source: TradingView The weekly technical indicators are indicating a possible bullish momentum for BTC. The MACD (Moving Average Convergence Divergence) histogram shows an upward trend, and the RSI (Relative Strength Index) is above 70, indicating a buying sentiment in the market. The 20-EMA and 50-EMA also show bullish crossovers, confirming a positive BTC outlook. ETH/USD ETH has been showing a bullish outlook, with its price breaking above the $2k mark multiple times in the past week. The token reached a weekly high of $2,123 but was met with resistance and consolidated around the $2,1k level. ETH token has been hovering between $2k and 2,1k, with bullish and bearish forces struggling for control. At the time of writing, ETH is trading at $2,090, with a seven-day strong surge of 7%. ETH/USD weekly chart, source: TradingView ETH/USD has strong support at $2k, with a resistance level of $2.1k. If bulls dominate the market, ETH’s price could break above its current resistance and reach $2,200. On the other hand, if bears take over, ETH’s price could drop to its support level of $1,900. The 50-SMA and 200-SMA on the weekly chart show a potential bullish crossover, indicating a positive outlook for ETH.  The moving average convergence/divergence (MACD) also shows a bullish trend, while the relative strength index (RSI) is above 60, indicating strong buying pressure in the market. The moving averages are indicating buy signals, supporting the overall bullish sentiment. BNB/USD BNB has been trading in a tight range, with its price hovering between $300 and $320. The token saw a slight downward trend in the past week, reaching a low of $286 before bouncing back to its current price of $230 levels. The bulls and bears have been struggling for control, resulting in a relatively stable market for BNB. Currently, BNB is trading at $233, with a weekly dip of 4.46%. BNB/USD weekly chart, source: TradingView The technical indicators for BNB show a potential bearish trend in the near future. The RSI is currently below 50, indicating a selling sentiment and the MACD histogram shows signs of a bearish crossover. The MACD line is also below the signal line, confirming a negative outlook for BNB. The 100-SMA and 200-SMA also show a bearish crossover, indicating a possible further downward trend for BNB. XRP/USD XRP saw a significant surge in its price this week, reaching a weekly high of $0.628 before consolidating around the $0.61 level. The token’s bullish momentum has been driven by positive market sentiment and recent partnerships.  XRP token has been rallying above its previous resistance level of $0.60, indicating a strong surge in value. XRP is currently trading at $0.6270 level, with a weekly increase of 2%. XRP/USD weekly chart, source: TradingView XRP/USD has strong support at $0.58, with its next resistance level at $0.6300. If bulls continue to dominate the market, XRP’s price could reach its next resistance level at $0.6500. However, if bears take control, XRP’s price could drop to its support level of $0.58. The technical indicators for XRP show a potential bullish trend in the near future. The RSI is currently above 50, indicating bulls are more dominant in the market. The MACD histogram also shows a bullish trend and the 50-SMA and 100-SMA show signs of a potential bullish crossover. SOL/USD Weekly crypto price analysis also reveals that Solana (SOL) has been trading in a downward trend. The token saw a significant drop in its price from $62 to $57 before bouncing back to its current level of $57.10. SOL’s bearish movement is attributed to overall market sentiment and profit-taking by investors. SOL has seen a weekly dip of 1.8%, with its value fluctuating within a tight range. SOL/USD has a strong support level of $30 and a resistance level of $35. If bulls take control, SOL’s price could reach its next resistance level at $40. However, if bears continue to dominate, SOL’s price could drop to its support level of $25. However, today, it saw a surge of 1.24%, giving hope to the bullish investors. SOL/USD weekly chart, source: TradingView The technical indicators for SOL show mixed signals, with the RSI below 80 but showing signs of an upward trend. The MACD histogram shows a possible bullish crossover, while the moving averages indicate a buy signal. Overall, SOL’s price movement will depend on market sentiment and the direction of major cryptocurrencies.  The 20-EMA and 50-EMA show bullish crossovers, indicating a possible upward movement for SOL in the near future. ADA/USD Looking at the DOGE weekly price analysis, bulls and bears have been fighting for control, resulting in a relatively stable market for ADA. The bulls seem to be winning the battle, with ADA’s price surging by more than 6% in the past week. The token currently trades at $0.3862, with a 24-hour increase of 1.82%. The trading volume for ADA has also increased, indicating a possible surge in value in the coming days. ADA/USD weekly chart, source: TradingView The technical indicators for ADA show a potential bullish trend in the near future. The RSI is currently above 60, indicating strong buying pressure from investors. The MACD histogram also shows signs of a bullish trend, while the moving averages indicate buy signals. If bulls continue to dominate, ADA could reach its next resistance level at $0.4000. On the other hand, if bears take over, ADA’s price could drop to its support level of $0.03500. DOGE/USD DOGE has been trading sideways for most of the week, fluctuating prices between $0.0700 and $0.08000. However, towards the end of the week, DOGE saw a slight dip in its price, reaching $0.19 before recovering to its current trading price of $0.07155. Over the past seven days, DOGE has seen a 7% decrease in value. At the time of writing, DOGE/USD  is trading at $0.07735, with a slight increase of 1.90% in the past 24 hours. DOGE/USD weekly chart, Source: TradingView The technical indicators for DOGE show a possible continuation of the bearish trend in the coming days. The RSI is currently below 60, indicating neutral sentiment in the market, and if it continues to drop, it could indicate a further downward trend for DOGE. The MACD also shows signs of a bearish crossover, and the 50-SMA is below the 200-SMA, confirming a negative outlook for DOGE. Conclusion In conclusion, the weekly crypto price analysis shows a mixed sentiment in the market for major cryptocurrencies. The bulls and bears struggle for control, resulting in a relatively stable market. However, technical indicators show potential bullish or bearish trends for each token, depending on market sentiment and the direction of major cryptocurrencies such as Bitcoin and Ethereum. In the coming week, it will be interesting to see if the bulls or bears gain dominance and how it will affect the price movements of these cryptocurrencies.

Solana Price Prediction 2023-2032 Solana Price Prediction 2023 – up to $29.22Solana Price Prediction 2026 – up to $93.51Solana Price Prediction 2029 – up to $276.97Solana Price Prediction 2032 – up to $767.28 How much is SOL worth? The live Solana price today is $32.33, with a 24-hour trading volume of $228,434,886 USD. We update our SOL to USD price in real-time. Solana is down 0.27% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $7,901,314,034. It has a circulating supply of 412,712,873 SOL coins and the max. supply is not available. Solana price analysis: SOL moves towards bearish dynamics at $32.33 TL: DR Breakdown Solana price analysis shows a bearish trendResistance for SOL is present at $33.30Support for SOL/USD is present at $31.53 Solana price analysis reveals that the market is following a bearish movement, as its price has decreased since the beginning of today. At the moment of writing, SOL is trading below $32.33 and is down by 0.27 percent. The immediate support is found at $31.53; a break below this level could see SOL prices retesting the $29.53 level. On the other hand, if prices break above the $33.30 level, it opens up the door for a move toward the $38.87 level. The market capitalization for the SOL currently stands at $13.5 billion, while the trading volume totals $676 million Solana price analysis 1-day chart: SOL enters devalued region at $32.33 after a bearish run The 1-day Solana price analysis shows that the price is down by nearly 0.27% and is currently trading at $32.33. SOL is currently in bearish market sentiment and is likely to remain in the downtrend for some time. The bears are currently maintaining control over the market, and the price is likely to remain in the bearish zone for some time. The RSI seems to follow an upward path, indicating an overbought market along with a movement toward it. The moving average lines are also in favor of the bears, as the 50 SMA line is well below the 200 SMA line. The 200 SMA line is also headed lower, which shows that prices are likely to follow suit in the near term. SOL/USD 4-hour price chart: Bears in control The 4-hour Solana price analysis shows that the price has been trading in a downward channel since yesterday and is currently near the lower end of the channel. The next major support level is at $31.53, which could be tested in the coming days. The long-term Solana price analysis shows that SOL has been on a steady downtrend for some time now and it is likely to remain in the bearish zone for some time. The price could go lower than $32 if the bears continue to maintain control over the market. The MACD, on the other hand, is giving a bearish signal as the histogram is falling and is about to cross below the zero line. The 200 SMA line is well placed below the current market price, which is a sign that the path of least resistance is still to the downside. The RSI is also currently in neutral territory, which indicates that prices could fall further in the near term. What to expect from Solana price analysis In conclusion, Solana’s price analysis shows that it is currently in a bearish zone and is likely to remain in the downtrend for some time. The support level at $31.53 could be tested in the near future if the bears maintain their control over the market. The technical indicators suggest that Solana is currently in the bearish zone and is likely to remain there for some time. Solana Price Predictions 2023-2032 Price Predictions by Cryptopolitan At the beginning of 2023, there was a recovery in the price of cryptocurrencies, but recent events have shown that bears are now in control of price dynamics, slowing growth. Solana (SOL), which has seen its value fall by 3.16% today, has also been affected by this trend.  Our pricing projection indicates that the maximum price for Solana will be $30.78 by the end of 2023. The coin’s value will rise and hit $213.69, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2032 when it will reach $855.78 at its highest price. Solana (SOL) Price Prediction 2023 The price of Solana is predicted to reach at a minimum value of $26.39 in 2023. The Solana price could reach a maximum value of $29.22 with the average trading price of $27.29 throughout 2023. Solana Price Prediction 2024 Based on the technical analysis by cryptocurrency experts regarding the prices of Solana in 2024, SOL is expected to have the following minimum and maximum prices: about $37.79 and $45.67, respectively. The average expected trading cost is $38.89. Solana Price Prediction 2025 By the time we reach 2025, the SOL crypto might have reached the maximum price of $66.56, while the minimum price may be around $54.00, based on our Solana price prediction. Solana (SOL) Price Prediction 2026 Based on our Shiba Inu coin price prediction for 2026, the token may trade at a maximum of $93.51, while the minimum price may be somewhere around $81.45. Solana Price Prediction 2027 According to the technical analysis of Solana prices expected in 2027, the minimum cost of Solana will be $116.12. The maximum level that the SOL price can reach is $140.08. The average trading price is expected around $120.41. Solana Price Prediction 2028 Solana’s price is forecast to reach the lowest possible level of $157.05 in 2028. As per our findings, the SOL price could reach the maximum possible level of $201.58 with the average forecast price of $161.87 Solana Price Prediction 2029 By the time we reach 2029, the SOL crypto might have reached the maximum price of $276.97, while the minimum price may be around $222.58, based on our Solana prediction. Solana Price Prediction 2030 As per the forecast price and technical analysis, in 2030 the price of Solana is predicted to reach at a minimum level of $320.36. The SOL price can reach a maximum level of $382.50 with the average trading price of $331.89. Solana (SOL) Price Prediction 2031 As per the forecast and technical analysis, In 2031, the price of Solana is expected to reach a minimum price value of $450.56. The SOL price can reach a maximum value of $547.50, with an average value of $463.84. Solana (SOL) Price Prediction 2032 According to our deep technical analysis of past price data of SOL, In 2032 the price of Solana is predicted to reach a minimum level of $657.26. The SOL price can reach a maximum level of $767.28 with an average trading price of $680.46. $SOL #solana

#arbitrum The crypto markets have soared significantly in the recent past and have been closely consolidating within a narrow range.After a steady rise, the technicals suggest a notable pullback could be on the horizon for these tokensAfter the crypto markets remained consolidated for a while, the fresh week’s trade began with a fine bullish push. The global crypto market cap rose above $1.26 trillion, suggesting a sensible recovery in market dynamics. The bulls remain in a favourable position as the Bitcoin price remains firmly above $34,000. Besides, altcoins are also gaining traction as some of them are closer to triggering a fine breakout. Amid the bullish sentiments hovering within the markets, bearish clouds are hovering over some of the cryptos as bulls shift their focus away from these tokens.The 24-hour trading volume has spiked by over 7%, which is largely dominated by buyers. Besides, $BTC dominance is slightly plunging, indicating the growing strength of the altcoins. While the markets are pretty optimistic about the upcoming trend, an indicator is flashing a massive sell signal for Cardano and popular memecoins. A well-known analyst, Ali, shared the data where the TD sequential indicator has been flashing a sell signal for Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and Injective (INJ), suggesting a minor correction for these tokens.Cardano has been trading below $0.3 for over a month without undergoing any major moves. Therefore, the traders could have become pessimistic and, hence, shifted their focus away from $ADA . A similar trade set-up is observed with the Dogecoin ( $DOGE ) price as the token is unable to break above the resistance after reaching the edge of the consolidation.On the other hand, Shiba Inu’s price has been forming constant lower highs and lows, indicating the growing strength among the bears. And, after a fine price rise, the Injective bulls appear to have exhausted themselves to a large extent, which may validate the bearish scenario. If the prices of these altcoins start to drop, as suggested by the analyst, all the liquidity is expected to flow back to the #BTC🔥🔥 price, which may further weaken the altcoins in the market #ordinals #Meme #solana

Solana price prediction following Amazon deal Read CoinChapter.com on Google News Key Takeaways: SOL price is up over 20% and approaching the $40 resistance. It broke a major bearish trend line with resistance at $24.60 on the weekly chart. Solana could struggle near $40, above which it could surge over 75%. NEW DELHI (CoinChapter.com) — Solana is up over 25% and reaching the $40 milestone. The bears might take a stand near $40. If they fail, SOL could surge toward $75. Solana Price Reaches First Meaningful Resistance As discussed in the last SOL price prediction, there were more upsides above the $32 resistance. Solana did rally over 20% and broke many hurdles near the $35 resistance. If we look at the bigger picture using the weekly chart, the price started a recovery wave after testing $8 in January 2023. This month, it broke a major bearish trend line with resistance at $24.60 on the weekly chart. This is the first real signal of an upside break like Bitcoin. Solana price prediction via weekly chart. Source: SOL/USD on TradingView.com The last three candles are signaling a bullish scenario for more upsides. The price is now trading well above the $30 pivot level and the 50-week simple moving average (blue). Recently, there were many positive developments, and Solana Breakpoint 2023 is sparking strong bullish moves in SOL. Key developments include integration with Amazon Web Services Node Runner, Google BigQuery’s launch, and Gameshift (their web3 game API) entering the open beta stage. 1/ What a kickoff for #Breakpoint2023!Google BigQuery liveSolana is integrated with AWS Node Runner@jump_firedancer live on testnetImmaculate vibes, art, and connections madeAnd so, so much more by the Solana community. pic.twitter.com/FqKOP9ZxUC — Solana (@solana) October 31, 2023 Having said that, the SOL price is now reaching the first meaningful resistance at $40. It represents the 23.6% Fib retracement level of the downward move from the $143.50 swing high to the $7.92 low (formed in December 2022). A clear upside break above the $40 resistance could fuel another rally. In the stated case, the price could rally over 75% and test the next hurdle at $75. It is close to the 50% Fib retracement level of the downward move from the $143.50 swing high to the $7.92 low. Intermediate hurdle could be near the $58 level. SOL Price MUST Hold Above $32.50 Conversely, the SOL price might complete the current recovery wave at $40 and start another decline. Immediate support is near the $32.50 level. The first major support sits at $28.80. The main support is now forming near the $22.00 level or the 50-week simple moving average (blue). A weekly close below the $22.00 support level might confirm a local top and downtrend resumption. In the stated scenario, Solana could revisit the $10 level. Overall, the SOL price is approaching a crucial barrier near the $40.00 resistance. If the bulls pump the price above $40.00, it might be a strong bullish signal. If not, Solana might start a downside correction toward $32.50 or $28.80 in the coming weeks. The post Solana Soars on Amazon Integration News — Could SOL Price Rally Another 90%? appeared first on CoinChapter.

‼️ATTENTION FELLOW BINANCIANS‼️ Solana will hit 84$ by 2024 and 143$ by 2025 Based on our Solana price analysis, we anticipate a significant increase of 235.25% in Solana's value, reaching $143.30 by the end of 2025. Most technical indicators suggest a bullish sentiment, but the Fear & Greed Index currently shows extreme fear at 68.73. Our Solana forecast suggests that it might be a good time to consider buying Solana. As of November 3, 2023, various technical analysis indicators are giving mixed signals, with some signaling bullish trends and others bearish, but overall, there seems to be a bullish sentiment in Solana price predictions. In the last 30 days, Solana has seen a notable 69.01% increase, which may indicate a slight recovery in the coming month. At the end of November, Solana's value increased by 114.08% to approximately $84.09. Currently, all indicators are in the bullish zone, and the fear & greed index is at 68.73, indicating extreme fear. According to our forecast, this might not be the ideal time to buy Solana. Solana is currently trading below the 200-day simple moving average (SMA), which has been signaling a Solana buying opportunity for the last 326 days since December 31, 2023. Additionally, the price is below the 50-day SMA, which is showing a buy signal. Based on technical indicators, it's expected that the 200-day SMA will decrease, and the price could potentially reach $22.00 by the end of December. In the short term, for December 2023 and 2024, Solana's 50-Day SMA shows a value of $24.26. The Relative Strength Index (RSI) is currently at a specific RSI value, indicating that the SOL market is in a selling position. Please consider this information carefully when making investment decisions. $SOL #cz #Solana📈🚀🌐

#Dogecoin shows promising signs, breaking out from a multi-year descending triangle on the $DOGE weekly chart! The confirmation of a buy signal from the TD Sequential indicator within this timeframe reinforces #DOGE bullish outlook.Last buy 2023 Dogecoin is poised for a massive surge as technical analysis suggests it could hit $1.54 in 2024.Also, DOGE’s price has hovered around $0.066 over the past four months without engineering staggering gains. Notably, in the last 24 hours, Dogecoin saw an 11.76% surge from the previous day’s value.Top Analyst Predicts 1097% Dogecoin Surge to $1 Amid Imminent Breakout of Multi-Year TriangleDATE:OCTOBER 14, 2023Meanwhile, in a recent tweet, crypto market analyst Ali Martinez disclosed that Dogecoin is about bidding goodbye to the long-standing bearish trend based on patterns formed on its chart. Martinez believes the meme coin is headed toward a growth rate exceeding 1,500%.Dogecoin Ready for over 1,500% Surge@2023 end .. ? .. Martinez rooted his optimistic Dogecoin forecast in insights drawn from a technical analysis of Dogecoin’s weekly timeframes. Specifically, the analyst observed that a triangular configuration had taken shape, with the present DOGE position forming the base, foreshadowing an imminent upward trajectory as the anticipated next move.Significantly, the chart from Martinez’s post offers a glimpse into Dogecoin’s impending upward path, extending for a minimum of the next ten months from the current point. It suggested that by 2024, the token could break above $1 for the first time.The chart notably indicated DOGE could trade at $1.544811 before slightly regressing below. With DOGE’s price currently at $0.06942, it implies the meme coin is poised to an increase exceeding 1,500% in the coming months. * #arbitrum #solana #DOGE🐶💸📈📅 #ordinals $Fallow & like @ crypto_kite Share ❤️

Crypto Trading Signals for Today, October 31, 2023 Bitcoin (BTC) Bullish signal: BTC/USD is in a strong uptrend, with prices above all key moving averages. Bearish signal: BTC/USD is facing resistance at the $25,000 level. Ethereum (ETH) Bullish signal: ETH/USD is breaking out of a bullish triangle pattern. Bearish signal: ETH/USD is facing resistance at the $1,700 level. Other Altcoins Bullish signals: BNB/USD is breaking out of a bullish ascending channel pattern. SOL/USD is breaking out of a bullish descending wedge pattern. ADA/USD is breaking out of a bullish symmetrical triangle pattern. Bearish signals: XRP/USD is facing resistance at the $0.40 level. AVAX/USD is facing resistance at the $20 level. DOT/USD is facing resistance at the $7 level. Overall, the crypto market is in a bullish trend, with many altcoins breaking out of bullish patterns. However, traders should be aware of the resistance levels mentioned above and manage their risk carefully. Here are some specific crypto trading signals for today, October 31, 2023: Buy BTC/USD at $34,800, with a stop loss at $34,200 and a take profit at $35,500. Buy ETH/USD at $1,680, with a stop loss at $1,620 and a take profit at $1,750. Buy BNB/USD at $280, with a stop loss at $270 and a take profit at $290. Buy SOL/USD at $30, with a stop loss at $28 and a take profit at $32. Buy ADA/USD at $0.40, with a stop loss at $0.38 and a take profit at $0.42. These are just a few examples of crypto trading signals for today. Please do your own research before making any trading decisions. #BinanceTreat #ordinals #solana #BullishSigns

The cryptocurrency market recently experienced a ripple of excitement as Bitcoin confidently crossed the $35,000 mark, spurred by the Federal Reserve's unwavering stance on inflation. This upward trajectory has been mirrored by a sharp altcoin rally, led by Solana (SOL), which witnessed a notable surge, reaching a 14-month high on Wednesday.  Cardano (ADA) also caught the bullish wave, climbing significantly. Amidst this surge, ScapesMania (MANIA) is emerging as a presale project to watch, promising high returns with seemingly predictable patterns, standing out in the volatile crypto landscape. Yet, the inherent volatility of the market casts a shadow of unpredictability. While SOL and ADA bask in their current gains, and MANIA draws speculative interest, each coin faces the reality of potential shifts, both bullish and bearish.  ScapesMania: A Bold New Contender in Crypto While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now - Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale is Live, Learn More About Major Benefits Solana (SOL): Between Soaring Gains and FTX's Sell-Off Signals Solana (SOL) is currently navigating the waters between $36.79 and $51.64, trading with an eye towards the next resistance point at $56.71. The cryptocurrency market has seen SOL carve out a 14-month high, showcasing a surge in bullish energy punctuated by an impressive 17% jump in value. This surge tops at $46, which is not just a 1-month and 13-week high but also aligns with the 52-week pinnacle.  Source: CoinMarketCap However, the rally of Solana (SOL) is not without its cautionary tales. The technical landscape suggests that the 3-10 day MACD oscillator has stalled at $47.06, hinting at a possible deceleration in buying pressure, which could see SOL taking a breather before attempting any further ascents. Source: TradingView On the flip side, potential bearish pressures loom as market whispers indicate possible sell-offs from FTX's recent moves. FTX's unstacking of million worth of tokens and the transfer of millions of SOL to exchanges could foreshadow a selling spree.  If this were to happen, Solana (SOL) could see a retracement towards its first support point at $36.79. A breach below this level might intensify selling pressure, pushing prices towards the second support level at $31.72 or even lower. Key technicals to watch in this scenario include the price crossings of the 9 and 18-day moving averages, which are currently stalled, potentially flagging a slowdown in the momentum. The seesaw between bullish and bearish scenarios for the altcoin is further complicated by contrasting market signals. While the recent tech upgrade and heightened blockchain activity have fueled its impressive run, up by nearly 350% this year, the shadow of FTX and Alameda Research's collapse and the potential sell-off of their SOL holdings could cap this growth.  Cardano (ADA): Technicals Suggest a Testing Time Ahead Cardano (ADA) teeters at a crucial juncture, currently nestled between the pivotal $0.291 support and eyeing the $0.319 second resistance point. The price's recent ascent past the $0.3 threshold could signal a push towards the $0.333 third resistance level, an area that marks a significant bullish target.  Source: TradingView Technical indicators lend weight to this scenario, with the surge of altcoin aligning with a growing legion of long-term holders, now accounting for a substantial portion of the 2.7 million ADA addresses.  Source: IntoTheBlock However, the asset faces immediate headwinds at the $0.32 mark, where the MACD's hesitation could signal a loss of momentum. A downturn would see Cardano (ADA) contending with various levels of moving average supports that have historically acted as staging grounds for rebounds, including the critical junctures at $0.287 where the price intersects with the 9-day moving average, and further down at the $0.266 and $0.258 marks, closely watched by traders for potential reversals. These levels could pivot from support to resistance if ADA fails to maintain its current pace, particularly if the price action stalls as it did when it last crossed the 40-day moving average near the $0.256 level. The robust development activities led by Charles Hoskinson and IOG’s drive to innovate within the Cardano (ADA) ecosystem could serve as a counterbalance to the short-term technical pressures. As the community anticipates the rollout of enhancements like CIP 1694 and IOG's strategic focus on broadening the asset's appeal to the wider crypto audience, the price of ADA could reflect the optimism of these fundamental developments. Conclusion: Investor Confidence Swells The cryptocurrency market's pulse quickened as Bitcoin confidently claimed the $35,000 territory, igniting a rally across the board. Solana (SOL) and Cardano (ADA) took the cue, notching significant gains. While the sharp incline of SOL has painted a 14-month peak, the price of ADA swell aligns with a rising tide of long-term investor confidence. Yet, beneath the surface of these climbs, the ever-present market volatility casts both shadow and light, hinting at the delicate balance of forces at play. Amidst its commendable rally, Solana (SOL) is at a critical juncture, with market dynamics hinting at a possible inflection point in its momentum. ADA, too, stands at a crossroads, with its push past the $0.3 mark suggesting a bullish ascent could be in the cards, but not without the resistance of a skeptical MACD looming overhead. As the community gazes ahead, the paths SOL and ADA will tread represent not only the caprices of the market but also the enduring story of technological adoption, community engagement, and the intricate ballet of market forces. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Solana (SOL) Path to $40 Not Over as It Comes Back at Top. The cryptocurrency space is no stranger to volatility, and Solana (SOL) is a testament to the dynamism that this market can demonstrate. Having reclaimed its position as the seventh-largest cryptocurrency by market capitalization, SOL's performance on the daily chart paints a telling picture of its resilience and potential. Examining the chart, one of the first indicators that stands out is the descending trading volume. A decrease in trading volume can signal many things in the cryptocurrency realm. Often, it might imply reduced interest or activity around the asset, but it can also suggest that traders are cautiously watching, waiting for the next big move. However, it is crucial to remember that reduced volume is not inherently bearish. In certain contexts, it can precede explosive moves either upward or downward, depending on other accompanying factors. In Solana's case, the digital asset enjoyed a phenomenal +62% surge in value throughout October. This significant rise not only showcases the asset's potential but also solidifies its place on the current market. The retracement that followed some of its peaks, as visualized in the daily chart, suggests that while there have been profit-taking activities, bullish sentiment remains intact. Furthermore, with nearly 2% of all discussions related to the top 100 assets centering around SOL, the crypto community's interest and belief in this platform are evident. This high level of engagement can often act as a precursor to more adoption, further investment and subsequently, more significant price appreciation. However, one crucial factor to consider for any potential reversal or sustained upward movement is the volume. An increase in trading volume, particularly bullish volume, would be a definitive sign of strength and a potential continuation of the upward trajectory. Volume confirms price trends, and if SOL's price continues to climb with rising volume, it would further cement its bullish outlook.

Can Solana Sustain Its Price Rally? Current SOL Price Analysis! • Solana has broken the ceiling of the short- term bearish trend, indicating initially slower downward momentum. The currency has provided a positive signal by breaking the resistance at $20.19, forming an inverse head and shoulders formation. • The currency is moving within a rectangle formation between the support at $17.90 and resistance at $30.06. A clear break of either of these levels will indicate a new direction for the currency. • Today's Solana price is $23.11 USD, with a 24- hour trading volume of $537,781,336 USD. Solana has gained 13% in the last 24 hours. Solana (SOL) price has experienced a significant increase in the last 24 hours and surpassed a resistance level: What's next for SOL? We evaluate in our current SOL price analysis! Short-Term SOL Analysis. Solana has broken the ceiling of the short-term bearish trend, indicating initially slower downward momentum. The currency has provided a positive signal by breaking the resistance at $20.19, forming an inverse head and shoulders formation. Support levels for the currency are at $20.00, with resistance levels at $25. The short-term momentum for the currency is quite positive, with the RSI above 70. This indicates increasing optimism among investors and the potential for further price increases for Solana. However, especially for larger assets, a high RSI can suggest overbought conditions and the possibility of a downward reaction. In the short term, the currency is generally considered positive from a technical standpoint. $SOL