7 hours ago

Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play

Solana started a fresh increase from the $132 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $135 and $150 levels against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $155 resistance zone. Solana Price Gains Over 10% Solana price formed a base above the $132 support and started a fresh increase, like Bitcoin and Ethereum . SOL gained pace for a move above the $135 and $145 resistance levels. The pair even spiked toward the $150 resistance zone. A high was formed at $154.55 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $145 swing low to the $155 high. Solana is now trading above $150 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $145 swing low to the $155 high. On the upside, the price is facing resistance near the $154 level. The next major resistance is near the $155 level. The main resistance could be $162. A successful close above the $162 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Pullback in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 zone. If there is a close below the $138 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $150 and $145. Major Resistance Levels – $155 and $162.

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Memecoin Momentum Likely To Spark Soon – Which Direction for BONK, DOGE & SHIB?

The buzz around memecoins is gaining traction again. The interest is rising for tokens like BONK , DOGE , and SHIB . The next big move for these digital currencies is anticipated. Investors are eager to see which will soar. Dive deeper to discover which of these memecoins are poised for growth and ready to take the lead. Bonk Tokens: Surge Amid Long-Term Downturn Bonk experienced a significant 21% gain in the last week, though it only increased by 0.7% over the past month. In the previous six months, the coin saw a notable 30% decline, highlighting ongoing bearish sentiment. This recent surge stands in sharp contrast to the longer trend of downward movement, showcasing the coin`s volatility and tendency for abrupt price changes. Current price levels show support around $0.00001 and resistance near $0.00002, with an additional resistance at $0.00003. A relative strength index of nearly 59 indicates moderate buying pressure, but mixed momentum signals reflect an absence of a clear trend. Traders may look for short-term opportunities between these levels while monitoring for any potential break in support. Dogecoin Price Action: Recovery Amid Volatility A 4.65% decline over the past month contrasts with a 32.05% gain over the last six months. Weekly gains of 12.16% indicate moments of strong upward movement despite some pullbacks. Price movement has shown volatility yet resilience, with short-term fluctuations revealing underlying strength during the overall market recovery. The current trading range spans from approximately $0.13 to $0.23. Immediate support is near $0.08 and resistance around $0.28, with a secondary resistance at $0.38. Bulls are actively testing these levels, creating trading opportunities within this range while the trend remains uncertain, balancing cautious buying with timely profit booking. Shiba Inu`s Recent Market Dance Shiba Inu showed a modest decline of about 2% over the past month and a more noticeable drop of nearly 20% during the previous six-month period. A one-week surge of approximately 12% marked a brief recovery amid a generally declining trend. These movements indicate short-term volatility and longer-term bearish pressure shaping its price behavior. Price currently trades between $0.00001 and $0.00002, with a firm resistance level at $0.00002 and support at $0.00001. No clear trend dominates as bulls achieved a brief lift while bears maintain control over the extended outlook. Traders might consider entering near support and targeting resistance for potential short-term gains. Conclusion The growth or decline of memecoins like BONK , DOGE , and SHIB can depend on shifts in market interest and trends. Although past performance provides some insight, these coins often experience rapid and unpredictable changes. Current market dynamics suggest that movements could happen soon, but the exact direction for each token remains uncertain. Investors should watch market signals closely to stay informed. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. NewsBTC

SEC Delays Crypto ETF Decisions Amid Application Surge

Multiple ETF Decisions Postponed The U.S. Securities and Exchange Commission (SEC) has recently announced delays in its decisions regarding several cryptocurrency Exchange Traded Funds (ETFs). This includes the Bitcoin and Ethereum ETFs from Bitwise, as well as the Hedera ETF proposed by Canary Capital. The SEC stated that these postponements are due to the need … Continue reading "SEC Delays Crypto ETF Decisions Amid Application Surge" The post SEC Delays Crypto ETF Decisions Amid Application Surge appeared first on Cryptoknowmics-Crypto News and Media Platform . NewsBTC