![]() MACD trend – Bearish Litecoin (LTC) Price Analysis on the Daily (1D) Timeframe LTC USDT PRICE ANALYSIS 1D CHART If the price of SOL/USDT reclaims above $19, it would be good for bulls a break below this region could signify a downtrend for SOL/USDT price. Its Relative Strength Index (RSI) indicates low buy volume as bears stay in control. ![]() The Moving Average Convergence Divergence (MACD) for SOL/USDT on the daily timeframe shows bears maintaining their bearish price trend. Solana’s bull needs to defend the price from breaking below the 23.6% Fibonacci Retracement value (23.6% FIB Value) else, we could see SOL’s bears pushing the price lower to a low of $14, possibly $12. The price of SOL/USDT currently trades below $20 as the price looks weak in a bearish downtrend trading below the 50-day EMA, acting as resistance for the price of SOL/USDT from breaking above. SOL/USDT has shown much strength in previous weeks, holding above $21 as the price faced a key decision to resist bears from pushing its price lower as the bulls failed to defend this key region for the price of SOL/USDT. The price of SOL/USDT has tried to reclaim the high of $31.5 as the price has failed to maintain a downward price trend as bears continue to push prices lower. Solana’s price failed to break above this region of $31.5 as bears rejected the price to $26.2. The price of SOL/USDT after finding strong support around a low of $14.5, the price of SOL/USDT bounced from this region as bulls pushed the price to a high of $31.5, acting as strong resistance for the price of SOL/USDT. ![]() Let us dive deep into its price analysis and performance ahead of the coming bull market. The price has dropped below expectation for many traders and investors.ĭespite its price drop, Solana (SOL) remains a top 5 cryptocurrency token many traders and investors always have in their portfolio for a long-run price gain. Solana (SOL) has remained a key figure in the cryptocurrency industry despite facing many controversies in the present crypto bear market. Solana (SOL) Price Analysis as a Weekly Top 5 Cryptocurrency to Watch SOL USDT PRICE CHART 1D This has highlighted the need to pay attention to these weekly top 5 cryptocurrencies (SOL, LTC, XRP, SHIB, DOGE) and areas of interest for many traders and investors before their major moves to an upside or downside, depending on their price actions. If the price of ETH continues in its spiral downtrend, we could see the price retesting the lows of $1,550 to $1,500 before seeing a major price bounce to the upside as the price of Ethereum looks heavier to the downside than to the upside.ĭespite the price of Bitcoin and Ethereum suffering much price decline, the cryptocurrency market has seen some great crypto tokens showing many signs of a potential price rally in recent weeks, with CYBER, PERP, and others rallying by over 300% within a week. If the price of Bitcoin fails to hold above the minor support of $25,300, we could see the price pushed by BTC bears to a low of $24,000 to $23,500, acting as a demand zone for BTC price as bulls would look to defend this region and push price higher for a possible price recovery.īitcoin’s stalling in price has also had much effect on the like of Ethereum (ETH) as ETH has remained on a downward price movement for the past month, suggesting price has remained much under the influence of ETH bears.Īfter suffering rejection from a high of $2,000, the price of Ethereum has struggled to show real flame to the upside as Ethereum bears have dominated the price of Ethereum to the downside, giving ETH little or no room for price bounce to the upside. The price of BTC currently trades below $26,000, suggesting the price of Bitcoin needs to break above the resistance of $26,500 for BTC bulls to push the price high to a region of $27,300 for a minor relief bounce to be possible.īitcoin’s price trading below the 50-day and 200-day Exponential Moving Averages (50-day and 200-day EMAs) signifies the bear-dominating price as the price would most likely continue in its downtrend if BTC bulls fail to reclaim the high of $26,500. Bitcoin has remained much under the influence of BTC bears for over a month now as the price of Bitcoin has failed to break past the high of $26,500 after the price of Bitcoin fell from its high of $29,500 to a low of $25,800.
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