I just know that my portfolio of other coins. memes and stuff. will all disappear. I'll just put btc eth and sol. the rest is nonsense. no money is made. these 3 are the ones who dictate the prices.
Felipe Maciel38
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Bearish
$1MBABYDOGE
The charts show the analysis of 1MBABYDOGE/USDC on a 4-hour timeframe, with indicators such as moving averages (MA), parabolic SAR, and MACD.
Here are some key points of the technical analysis:
1. Current Price and Recent Movement: • The current price is at 0.0032488, with a drop of -3.04% at the time captured. • There are signs of consolidation, with the price testing resistance and support at nearby levels. 2. Technical Indicators: • Moving Averages (MA): • Short-term (MA8 and MA20) show a bearish crossover, indicating a possible continuation of the downtrend. • Long-term averages (MA50 and MA100) are also above the price, reinforcing the selling pressure. • Parabolic SAR: • The SAR dots are above the candlesticks, indicating a continued downtrend. • MACD: • The MACD is negative and below the signal line, suggesting prevailing selling strength. • OBV (On-Balance Volume): • The OBV suggests a decrease in volume, possibly indicating less market participation at this time. 3. Volumes and Resistances: • Buying/selling volume seems stable, with visible resistance near 0.00345 and stronger support near 0.00320.
Conclusion: • The overall trend is down, but the price seems to be entering a consolidation phase. For entries, it is important to monitor the breakout of resistance (to confirm a rise) or support (to confirm a fall). Use stop loss and follow news related to the asset. #babydogecoin #BTC #ETH
These memes don't make money. Now I'm going to go back and make a profit. I've already fought with these coins. Now I'm just going to use the triad of BTC, SOL and ETH. Then I'll get a return.
JuanZIN7
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I got these coins, I'm a beginner and I honestly already understand LOL these coins are to hope they go up and see what happens. I hate living in 100% volatility mode
When Solana was priced at $8, all traders believed that Solana was dead, and now that same Solana is worth $200. Today, when we talk about LUNC reaching $1, everyone laughs, but when LUNC does reach $1, those who laughed will have nothing but regret.
you can believe it. I only buy sol. eth and btc. future triad.
Coinpedia
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Solana (SOL) Crash Warning As Support Collapses, Eyes on $200
The post Solana (SOL) Crash Warning as Support Collapses, Eyes on $200 appeared first on Coinpedia Fintech News
Solana (SOL), the world’s fifth-biggest cryptocurrency by market cap, is poised for downside momentum as its daily chart flashes a warning sign. On December 3, 2024, the sentiment across the cryptocurrency landscape appears bearish, with assets struggling to gain momentum.
Solana (SOL) Technical Analysis and Upcoming Levels
Amid the price correction phase, Solana (SOL) has failed to hold its crucial support level and has fallen below the $227 mark. According to expert technical analysis, after hitting its all-time high, SOL entered a consolidation phase, forming a bearish head-and-shoulders price action pattern.
Source: Trading View
In today’s bearish, or rather price-corrective, stance, SOL breached the neckline of the bearish pattern and attempted to close a daily candle below it. Based on recent price action and historical momentum, if SOL closes a daily candle below the $226 level, there is a strong possibility it could decline by 10% to reach the $200 mark in the coming days.
On the positive side, SOL is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend. Meanwhile, the Relative Strength Index (RSI) suggests a potential upside rally in the coming days, as its value is near the oversold zone.
The outflow of $159M SOL
Despite the bearish outlook, whales and institutions have shown strong confidence and interest in the altcoin, according to the on-chain analytics firm Coinglass. SOL’s spot inflow/outflow data reveals that over the past four days, exchanges have witnessed a significant outflow of $159 million worth of SOL.
Source: Coinglass
In the cryptocurrency context, outflow refers to whales withdrawing tokens from exchanges to their wallets, which is considered a bullish sign and suggests a potential upside rally in the coming days.
Considering the outflow, it seems that SOL investors may be capitalizing on the current market sentiment and price decline by acquiring more assets.
Current Price Momentum
At press time, SOL is trading near $222, having experienced a 6.55% price decline in the past 24 hours. During the same period, its trading volume surged by 101%, indicating heightened participation from traders and investors compared to the previous day.