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sol analysis
Descending Trendline Resistance: SOL's price started a technical correction on June 6 after retesting its descending trendline as resistance.
Current Support Levels: As of June 15, SOL is testing its multi-month ascending trendline support
50-Day EMA: If SOL rebounds, it could target the 50-day exponential moving average (EMA) around $158.65, representing a potential 13.50% increase from current levels by the end of June.
Further Decline Risks:
200-Day EMA: If SOL breaks below the trendline support, it risks a decline towards the 200-day EMA around $129.50.
Technical Levels:
Support and Resistance: Traders should closely watch the ascending trendline support and the 50-day EMA for potential rebound signals. Conversely, be prepared for further declines if SOL breaks below these critical support levels.
Current Support Levels: As of June 15, SOL is testing its multi-month ascending trendline support
50-Day EMA: If SOL rebounds, it could target the 50-day exponential moving average (EMA) around $158.65, representing a potential 13.50% increase from current levels by the end of June.
Further Decline Risks:
200-Day EMA: If SOL breaks below the trendline support, it risks a decline towards the 200-day EMA around $129.50.
Technical Levels:
Support and Resistance: Traders should closely watch the ascending trendline support and the 50-day EMA for potential rebound signals. Conversely, be prepared for further declines if SOL breaks below these critical support levels.
Saudi Arabia has announced plans to accept digital currencies for oil sales, but has not specified which ones. However, based on current trends and market capitalization, the following digital currencies could potentially be used for buying oil from Saudi Arabia:
1. Bitcoin #BTCâ $BTC
2. Ethereum $ETH
3. Petro #PTR
- Venezuela's oil-backed cryptocurrency, which could potentially be used as a model for Saudi Arabia.
4. Tether #USDT
- a stablecoin pegged to the US dollar, which could reduce volatility risks.
5. Saudi Arabian Digital Currency (SADC) - a hypothetical national digital currency, which could be introduced by Saudi Arabia in the future.
Please note that this is speculative, and the actual digital currencies accepted by Saudi Arabia for oil sales may differ. #TopCoinsJune2024
1. Bitcoin #BTCâ $BTC
2. Ethereum $ETH
3. Petro #PTR
- Venezuela's oil-backed cryptocurrency, which could potentially be used as a model for Saudi Arabia.
4. Tether #USDT
- a stablecoin pegged to the US dollar, which could reduce volatility risks.
5. Saudi Arabian Digital Currency (SADC) - a hypothetical national digital currency, which could be introduced by Saudi Arabia in the future.
Please note that this is speculative, and the actual digital currencies accepted by Saudi Arabia for oil sales may differ. #TopCoinsJune2024
BREAKING: đșđž Federal Reserve leaves interest rates unchanged at 5.25% - 5.50%
Expected Decision: If the decision to leave rates unchanged was anticipated by the market, it could contribute to stability as investors had already priced in this outcome.
Positive Sentiment: Maintaining the current rates could be seen as a sign that the Federal Reserve is confident in the current state of the economy, potentially boosting investor sentiment.
Expected Decision: If the decision to leave rates unchanged was anticipated by the market, it could contribute to stability as investors had already priced in this outcome.
Positive Sentiment: Maintaining the current rates could be seen as a sign that the Federal Reserve is confident in the current state of the economy, potentially boosting investor sentiment.
Bitcoin Price Decline: Bitcoin recently fell to a weekly low, and ETF outflows suggest weakening investor confidence.
Upcoming Economic Data: The release of U.S. inflation data (CPI) and the Federal Reserve meeting are significant events that could impact market sentiment.
Market Volatility: The combination of these factors suggests potential short-term volatility
#BTCâ #IOprediction #Binance200M #ETHETFsApproved #FIT21
Upcoming Economic Data: The release of U.S. inflation data (CPI) and the Federal Reserve meeting are significant events that could impact market sentiment.
Market Volatility: The combination of these factors suggests potential short-term volatility
#BTCâ #IOprediction #Binance200M #ETHETFsApproved #FIT21
Current market
Bitcoin Price Decline: Bitcoin recently fell to a weekly low, and ETF outflows suggest weakening investor confidence.Upcoming Economic Data: The release of U.S. inflation data (CPI) and the Federal Reserve meeting are significant events that could impact market sentiment.Market Volatility: The combination of these factors suggests potential short-term volatility.
Why is Bitcoin price down today?
Today's lower Bitcoin prices are driven by better-than-expected U.S. job data and a slight reduction in BTC supply held by its largest holders.
#bitcoin Â
#BTCâ
$69,337
 price has dipped by approximately 3.25% in the last 24 hours to reach $3,690 on June 8. The BTC/USD pair is outperforming the broader crypto market, whose valuation has dropped 3.75% in the same period.
BTC/USD vs. TOTAL crypto market capitalization daily performance chart. Source:Â TradingView
Today's lower Bitcoin prices are driven by better-than-expected U.S. job data and a slight reduction in BTC supply held by its largest holders.
#bitcoin Â
#BTCâ
$69,337
 price has dipped by approximately 3.25% in the last 24 hours to reach $3,690 on June 8. The BTC/USD pair is outperforming the broader crypto market, whose valuation has dropped 3.75% in the same period.
BTC/USD vs. TOTAL crypto market capitalization daily performance chart. Source:Â TradingView
#Celrsignal
The price is moving within a 2-day channel pattern, which is a retracement pattern
We have a bounce from a green support area at 0.02280
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 0.02480
The first target is 0.02640
The second target is 0.02870
The third goal is 0.03084
#BlackRock
The price is moving within a 2-day channel pattern, which is a retracement pattern
We have a bounce from a green support area at 0.02280
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 0.02480
The first target is 0.02640
The second target is 0.02870
The third goal is 0.03084
#BlackRock
Bitcoin price at $72K
Claim usdt price from binancepay click here
#btc coin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC.
If the price of Bitcoin reaches $72,000, it would act as a âfuse,â triggering the breakthrough of the $75,000 psychological barrier.
#btc coin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC.
If the price of Bitcoin reaches $72,000, it would act as a âfuse,â triggering the breakthrough of the $75,000 psychological barrier.
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