Since the original is unable to form a clear direction, the Bitcoin prices are still besieged in a side channel. Because there are no fluctuations, Bitcoin suffers from a stagnant environment, which raises questions for the entire encrypted currency market. Bitcoin is trading in a narrow range, making it difficult for investors to determine distinctive signals for the next movement. Currently, Bitcoin swings between support at 92,500 dollars and a large resistance at $ 107,000.
Buyers or sellers were unable to control the market based on this extended side movement. Although there are cases when a strong outbringing process precedes the standardization stage, the current market structure indicates that there is no momentum that can last for weeks. To be further than Bitcoin itself, there are repercussions from the volatile price movement.
Bitcoin price historically affected the largest cryptocurrency market, so its current stagnation may be a red mark of other encrypted currencies. Many investors build their commercial decisions on Bitcoin, and since there is no clear trend in the market, trading volumes may continue to decline. In addition, more investors may turn into more dangerous assets if Bitcoin is unable to overcome large resistance levels.
This may lead to a new rise if the original is able to break the resistance level of $ 107,000. In contrast, a deeper correction can occur that can pull the entire cryptocurrency market if Bitcoin decreases to less than the support level of $ 92,500. Bitcoin is still forgetting at the present time, so merchants must closely monitor important price levels to predict the next important step.
Ethereum remains weak
ETHEREUM is still weak because the origin is facing a problem in moving under the current market conditions. Even after short -term attempts to recover, ETH failed to restore important resistance levels and is still in a long -term declining direction. The continuous dominance of the Meme Coin market is a major cause of ETHEREUM stagnation.
ETH has had difficulty attracting investor attention as speculative assets such as Meme currencies have largely acquired the available liquidity. With traders focusing on more speculative opportunities, ETH is marginalized as current market conditions prefer high -term plays. With the resistance hovering about $ 3100, ETHEREUM is currently trading approximately $ 2865. The fact that the original is still less than the important averages such as EMA for 50 days indicates that the sale pressure is still strong.
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ETH can continue to drop towards the support level of $ 2600 if it is not able to rise above $ 3100. Although the strong payment of more than $ 3,200 will be necessary to indicate the reflection of the real direction, a clear step exceeding $ 3,100 may cause feelings to some extent. Until then, Ethereum is still in risk mode because the risk of decline exceeds the chances of rise.
The general structure of the market indicates that ETHEREUM will likely not likely to improve until the market is exceeded as a whole, exceeding its current stage that the coin is driven. Traders and investors should not expect a strong recovery until liquidity returns to major assets such as ETH. A short -term ETHEREMM look remains pessimistic if it struggles less than $ 3000.
Solana is pressed
According to reports, the last launch of the MEN MENEM caused investor losses of more than $ 100 million, and Solana is currently facing serious difficulties in the market. Fears related to the ecosystem of the largest encrypted currency increased as a result of this incident because investors are growing more cautious about speculative assets, which may cause liquidity market loss.
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It is indicated that a potential decrease extended through the artistic break of Solana without the 200 -day moving average. It is difficult for critical support levels about $ 190 to keep the assets, and if the pressure pressure increases, then the additional negative side movement can push Sol towards a range between 175 and 160 dollars. The possibility of long standardization or even more declines increases through market indicators that show hanging upward bullish momentum, such as decreasing size and the deterioration of the relative strength index.
Given the powerful developed ecosystem and high -speed transaction capabilities, Solana’s long -term capabilities are not affected by the current difficulties. But in order for the market to recover, it requires new optimism and increase capital, which may take some time to think about the last change in investor morale.
