🇺🇸 FOMC: Polymarket users predict a 95% chance that the Fe | BeyOglu - The Analyst on Binance Square

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🇺🇸 FOMC: Polymarket users predict a 95% chance that the Fed will not make any rate cut changes this Wednesday.

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Solana ($SOL ) Technical Analysis: Last week, #Solana closed below its daily resistance level of $184.13 on Monday and subsequently declined by 13.44% over the next five days. The decline found support around the 200-day Exponential Moving Average (EMA) at $162.75 on Sunday. Notably, this EMA level aligns closely with the 61.8% Fibonacci retracement at $163.40, establishing a key support zone. At the start of this week, SOL rebounded by 4.68% on Monday, and as of Tuesday, it is trading near $168.67. If the 200-day EMA at $162.75 continues to hold as a support level, there is potential for SOL to extend its rally toward the daily resistance at $184.13.

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Crypto market shows a recovery sign after spending a week in bears favor. The crypto market is showing early signs of recovery following last week’s bearish downturn, which saw major assets drop between 5% and 12%. Over the weekend and into Monday, Bitcoin (BTC) rebounded by 2.3%, while Ethereum (ETH) gained 1.8%, signaling improving sentiment. Total market capitalization rose by 2.1%, climbing back above the $2.25 trillion mark. Key altcoins like SOL, AVAX, and LINK also posted modest gains between 2% and 4%, suggesting a broad-based rebound. #MarketRebound

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