Current price condition
Current price approximately: $234 for the US dollar.
Change over the last 24 hours: a decrease of about -3-4%.
Trading volume over the day is high, indicating significant market activity.
---$SOL
🔍 Technical analysis
Key support levels:
‒ Nearby support at around $220-225.
‒ Stronger potential support if this level breaks could be around $210-215.
Important resistance levels:
‒ The first near resistance at ~$245-$250.
‒ Higher resistance if positive momentum is regained towards ~$260-$265.
Technical indicators:$ETH
‒ There seems to be an attempt to break resistance at ~$244-$245, but it was a “false breakout”, making the market cautious.
‒ Momentum indicators show slight weakness or at least a slowdown in buying power, with relatively decreased volume after an upward move.
‒ The short- to medium-term trend leans towards sideways movement within the range of $220-$250 unless a major catalyst occurs.
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🌐 External influencing factors
Liquidity and institutional money movement: Solana has received renewed institutional interest, supporting the likelihood of moves above resistance if this support continues.
Market sentiment: Volatility in confidence, with monitoring of monetary policy decisions, economic data, and inflation, especially in the United States.
Global technical analysis: SOL shows relative stability compared to some other currencies, but positive momentum needs confirmation through genuine price breakthroughs and breaking resistance with strong trading volume.
---$BNB
🎯 Near-term forecasts and proposed trading strategy
Scenario Key conditions Potential targets
Potential bullish scenario If momentum succeeds in breaking resistance at ~$245-250 with good trading volume, and keeps the price above support at ~$225 The price may target around $260-$280 if positive momentum continues.
Potential bearish scenario In case of weak buying, and breaking the first support at ~$220-$225 with high selling volumes Potential drop to ~$200-$210 or to the next stronger support#StrategyBTCPurchase
Proposed trading strategy Enter at support with a stop loss below ~$220, or partially sell at resistance while taking partial profits Size the position, diversify, and not rely solely on predictions#FedRateCutExpectations