Solana is trying to form a short-term double bottom, so that might offer the possibility of a bounce. cryptocurrency Crypto cryptotrading SOL
However, we have bounced ever so slightly since then, suggesting that we are trying to do whatever we can to find buyers. The $40 level is an area where we have seen a little bit of interest as of late, so you could make an argument for a small “double bottom” trying to be formed. That being said, there’s no reason to think that Solana is suddenly going to take off to the upside because quite frankly most of the crypto market is a complete disaster at this point.
There is no way that people are going to feel comfortable buying this market if they are not comfortable buying Bitcoin.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here's whySolana's two multi-month support levels converge for the first time to keep its long-term bullish bias intact.
Read more »
Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Watch)Bitcoin's dominance continues increasing while large-caps like Ethereum, Cardano, Solana, and Avalanche keep bleeding out.
Read more »
British Pound (GBP) Forecast: GBP/USD Risks Remain LowerA modest reprieve in the Pound after yesterday’s shocking PMI release with Cable once again reclaiming the 1.25 handle amid a helping hand from cross-selling in EUR/GBP. Get your market update from JMcQueenFX here:
Read more »
Gold Price Forecast: XAU/USD bulls move in at a key support area on the FOMC minutes and a softer US dollarGold Price Forecast: XAU/USD bulls move in at a key support area on the FOMC minutes and a softer US dollar By ross_burland Gold Technical Analysis Fed CentralBanks DollarIndex
Read more »
Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here's whySolana's two multi-month support levels converge for the first time to keep its long-term bullish bias intact.
Read more »
Silver Price Forecast: XAG/USD battles at $22.00 but fails and retraces towards $21.90sSilver (XAG/USD) retraces for the second straight day on rising US Treasury yields led by the 10-year benchmark note, which was parked around 2.750% f
Read more »