SOL/USDT has started to pull back from the $205.00 resistance level and is currently trading at $197.65, down by about 1.06%. Here’s what this may imply:
Key Observations
1. Decline in Price: • The price has dropped below the immediate support around $200.00. This could suggest further downside potential if it fails to reclaim that level. 2. RSI Levels: • The RSI(6) has dropped to 27.04, which is in the oversold region. This might suggest a temporary pause in the selling pressure or a possible short-term bounce. 3. EMA Levels: • The price is currently below the EMA(7) and EMA(25), which is showing signs of a short-term downtrend or consolidation. 4. Support Levels: • Immediate support appears around $189.20. This level might act as a base if the current downtrend continues, providing a retest opportunity.
Retest and Shorting Strategy
• Retest Level: Watch for a retest of $200.00 or $205.00. If the price fails to break back above these levels and shows bearish signals (e.g., rejection candles or a lower high), it might confirm continued downward movement. • Short Entry Signal: A failed retest at $200.00 with decreasing buying volume or reversal patterns could be a short opportunity. • Potential Support Targets: • $189.20: First support level; could act as a short-term floor. • $170.91: A more significant support level for a deeper pullback.
Summary
• Short Trigger: Failed retest of $200.00 or $205.00 resistance. • Target Levels: $189.20 initially, with a secondary target around $170.91 if the downtrend persists. • Watch RSI: If RSI remains oversold but fails to recover, it might support further downside.
LAST CHANCE TO SELL SOL! Now liquidity is too high and sol has made it's high at 197.8 but now it will fall as weekend is coming so sell your sol if you are profit and close your long trades better not to regret afterwards ...It's too high now ...
Btc will correct itself this weekend and there will be huge liquidation...So my advice to all is sell your crypto tokens and wait for a rebuying zone again once market comes bearish again...My prediction is mostly accurate about sol and btc ...You can see my previous post where I warn and sol or btc comes down after it ...So don't buy it's risky now ...Whales will pullback their money and Short traders journey is now started ....#sol板块 #sol #BTC☀ #btc #NovemberMarketAnalysis
A lot of talk has been going around about Sui's (SUIUSD) long-term potential and many have gone as far as to compare it with Solana (SOLUSD), claiming it is a threat to the already established token. But is Sui really the new Solana? We've made today's comparison for those people in an attempt to find any technical similarities between the two. The time-frame is 1W and as you can see, we compare Sui's price action from its start (May 2023) with SOL's from the first trading day back in April 2020. As you can see, Sui has started off in quite similar fashion as Solana back in the day: initial correction, then big rally into a Bull Flag (dotted Channel Down). This gave Solana way to an even bigger rally, which after another Bull Flag, it peaked just above the 2.618 Fibonacci extension in early November 2021. Sui is so far enjoying the first post Bull Flag rally, by making a new All Time High (ATH). Their 1W RSI sequences are also fairly similar. We expect the recent 2-week pull-back to resume the uptrend and as long as the 1W MA50 (blue trend-line) holds and continues to offer support, attempt to reach as high as possible within a 1-year time-frame. If that's on the 2.618 Fib, as Solana did, then look towards a $40.00 Target. Now would that make Sui the Solana killer? No, but it will be interesting to see if it will indeed follow in its footsteps. Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! #SUI🔥 #Suiusdt #SOLUSDT! #SOLANA #signals
Contents Durability in 2024 for more temperature combinations? Russia: Spiral inflation and the main business logic L'Economie de Guerre, a long-term gain Resistant to Western sanctions, Russia seems to be coming from a lineage. With a flowering economy in 2024, we are reaping the rewards of the efforts made for the next year. Le Fonds Monétaire International (FMI) has prevented a hardening that has long been risked by military commanders, although the machine is Russian, in 2025.
$BTC BTC 4H: BTC is at 68K after bouncing from 66K. Current resistance 70K and immediate support at 66K. BTC.Dominance is increasing which is good for this pump but alts will take a hit. Manage your risk.
🚨 Washington Warns of Miami Equity Fund 005 Crypto Fraud 🚨
The Washington State Department of Financial Institutions (DFI) warns about the Miami Foundation Equity Fund 005 crypto scam.
Key Points
Complaint: Resident lost funds via Vims.one, promoted by “Mark” and “Alice” on Waaatsapp. False Promises: 100% returns; 5% withdrawal fee, never paid out. Impersonation: Mimicked the legitimate Miami Foundation. DFI Classification: "Advance Fee Fraud" and crypto scam.
The financial watchdog has until midnight to decide whether it will challenge its bitter court loss to Grayscale over a spot Bitcoin ETF.
• Bitcoin BTCUSD erased its modest 2% advance for October after its fifth straight losing session pressured the price to $26,500 a pop. Dubbed "Uptober," this month is traditionally seen as a positive run for Bitcoin as the token has logged gains for the previous four years during that time stretch. • None of those previous Octobers, however, have been as significant as this one. By midnight today, the Securities and Exchange Commission must decide whether to appeal its bitter loss in court to Grayscale over the first US Bitcoin exchange-traded fund that holds genuine crypto. • The top US regulator is tight-lipped on its move. For years, however, it has denied every such BTC ETF application, saying that spot Bitcoin trading holds excessive financial risks for institutional investors. But they don't mind - BlackRock, the world's biggest asset manager, has applied to launch a spot BTC ETF. So have rival funds Invesco and WisdomTree. $BTC
Today is the final day for the SEC to appeal the Grayscale Bitcoin Spot ETF decision. If they fail to appeal the court's ruling by the end of the day, they won't have any avenues left to deny other Spot Bitcoin ETFs. As a result, they would be compelled to approve all of them. So, if the SEC doesn't act by today's end, it's highly likely we'll witness the approval of all Spot ETFs.