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Showing posts with the label resistance

Solana Funding Rates Turn Negative – Early Sign Of Selling Pressure?

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Ethereum Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns

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Analyst Tells Investors To Be Patient As Solana Price Hits Resistance

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Chainlink (LINK) Price: When Will LINK Reach $24?

Chainlink (LINK) is facing some resistance following a short-term rise out of a bearish phase The altcoin is trading just over $13.50 at press time, down 3% in the last 24 hours. The asset had previously surged after US President Donald Trump announced plans for the country’s first crypto reserve. Although LINK was not named, the president noted that it would include “other valuable cryptocurrencies” to purchase to make up the reserve. Despite appearing to have hit a resistance of $14, Chainlink LINK’s price shows signs of a potential reversal. The coin is forming a hammer candlestick and retesting a rising channel’s lower boundary, forming higher lows. This could be a sign that a reversal is approaching. If bullish momentum picks up, LINK could rise to $24 in the short term, aligning with the daily 1.618 Fibonacci retracement level. However, if the price falls below $13 and stays there, further losses toward $10 may follow. With LINK incredibly volatile, it’s hard to ...

Analyst Says Solana (SOL) Looking ‘Pretty Strong’ Against Bitcoin (BTC) – Here’s His Outlook

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A widely followed crypto analyst says that smart contract platform Solana (SOL) is likely to outperform Bitcoin (BTC) in the short term. In a new strategy session, pseudonymous crypto trader Credible Crypto tells his 408,400 followers on the social media platform X that Solana is “looking pretty strong” when paired against Bitcoin. According to the trader, Solana will record a new local high if it rises above the “cluster of resistance” sitting below the 0.0031 BTC price. Source: Credible Crypto/X Solana is trading for 0.0026791 BTC ($153) at time of writing. However, Credible warns that the Solana/Bitcoin pair could fall by up to a staggering 95% from its current level. “That being said, I think all those built-up lows below us [0.001359 BTC, 0.0018 BTC, 0.0019666 BTC and 0.00198 BTC] ultimately end up getting swept, so don’t get euphoric if we do take the highs here.” While the trader says that Solana could outperfo...