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BeyOglu - The Analyst
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BeyOglu - The Analyst
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🏦 #FOMC Decision & Crypto Markets The Federal Reserve held rates steady at 4.25–4.50% in its June 18 meeting, signaling that cuts are likely later this year, while continuing to scale back quantitative tightening. Crypto markets remained resilient: #Bitcoin is hovering around $104,000, and Ethereum around $2,500, trading relatively flat following the Fed’s announcement Analysts highlight this calm momentum reflects cautious optimism—markets are awaiting clearer guidance on when rate cuts may begin . #PowellRemarks $USDC
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#Solana Faces Critical Support at $145; Breakdown Could Lead to $142 Solana ($SOL ) is currently trading at $147.77, experiencing a 5.77% decline over the past 24 hours. The price has fluctuated between $145.77 and $153.54 during the day. This recent downturn follows a failed attempt to reclaim the $180 resistance level, leading to a pullback toward key support zones. The 50-day EMA is currently around $140, providing additional support. A sustained close below the $145 level could signal a deeper correction, potentially targeting the $142 support zone. Conversely, if SOL manages to hold above the $145 level and breaks through the $153 resistance, it could pave the way for a recovery toward the $160 range. Key Levels to Watch: Support: $145 (near-term) and $142 (critical support) Resistance: $153 (immediate) and $160 (next target) #TradersLeague
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#Ethereum at Risk of Further Decline if Key Support Breaks: $ETH has struggled to regain bullish momentum after failing to hold its upper consolidation level at $2,724. Since June 12, ETH dropped by 8.69%, briefly stabilizing above the lower boundary of its consolidation range at $2,461. On Monday, ETH attempted a rebound but was rejected again near the $2,724 resistance. The price has since declined toward the 50-day EMA at $2,434, and as of Wednesday, it is trading around $2,500. Key Levels: - Resistance: $2,724 - Support 1: $2,434 (50-day EMA) - Support 2: $2,000 (major horizontal level) If Ethereum closes below the 50-day EMA, it could confirm a breakdown and trigger a deeper move toward the $2,000 support zone. This would mark a significant shift in short-term momentum, possibly pulling the broader altcoin market lower as well. #MyTradingStyle
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