In addition to these bearish patterns, SOL has faced rejection from a descending trendline that has acted as a resistance level since January 2025.
This rejection, combined with the formation of a bearish engulfing candlestick pattern, strengthens the bearish outlook.
However, the bearish sentiment could change if Solana breaks the descending trendline and closes a daily candle above $147.50. If this occurs, SOL could potentially rise by 22% to reach $180 in the future.
SOL price prediction Source: TradingView
Indicator flashing sell-signal, says analyst A notable crypto expert on X (formerly Twitter) has reinforced the bearish outlook for Solana.
Source: X
The expert highlighted that the TD Sequential indicator, which previously signaled a buy ahead of SOL’s 22% rally, now shows a sell signal.
This raises questions about whether the price will continue to decline, or if the indicator is merely a signal.
Traders bullish view for Solana However, intraday traders appear to be acting contrary to the overall market sentiment, as they are strongly betting on the long side.
Data from the on-chain analytics firm Coinglass revealed that traders are currently over-leveraged at $135 on the lower side, holding $167 million worth of long positions.
Meanwhile, $140 is another overleveraged level where intraday traders have built $83 million worth of short positions.
Solana Exchange Liquidation Map Source: Coinglass
This highlights that bulls are currently dominating despite the bearish outlook, which is preventing SOL from falling further.
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What impact will a collapse of the US stock market have on the crypto market?
First, let's make an assumption: if a global financial crisis occurs again, how will the price of Bitcoin move? Will it become a safe haven as some say, comparable to gold or surpassing gold in its hedging properties?
Currently, the crypto market is becoming increasingly similar to the US stock market, and this trend will likely worsen in the future. However, to completely attribute market movements to this would be absurd. As a high-risk financial asset, Bitcoin is susceptible to various influences, not just the policies of the Federal Reserve; there are numerous factors at play behind the scenes. As retail investors, trying to predict and assess the market based on Federal Reserve policies, on-chain data, etc., is akin to seeking a sword on a boat, with no future.
As I write this, I'm considering a question: does the crypto market still look the same as it once did? Is it a four-year cycle? Will it be replaced by a long bullish mindset similar to the US stock market, but with a steeper upward slope? The specific rhythm would be: platform/small pullback, big rise, platform/small pullback, big rise...
In my view, in any market, regardless of how strong the economy is, when the overall valuation of your market is at a relatively high level, it poses a risk. Conversely, even the worst markets present opportunities when their valuations are relatively low.
You are not a gambler; the longer you hold, the greater your chances of success, but you must choose the right market, such as the US stock market and the crypto market, excluding the A-share market; this brings me to an app I have been using, #biyapay . For us users in mainland China, it is usually not possible to buy US stocks. Opening an account in the US seems quite difficult; entrusting a Hong Kong company to open an account is very troublesome. However, Biyapay makes it very convenient to buy US and Hong Kong stocks, even including transferring USDT from the crypto market.
Returning to the fundamental issue, comparing the crypto market to the US stock market, specifically using the Nasdaq and the S&P 500 for comparison, we can clearly see a significant gap in correlation. The main reason for this is that the narratives of the crypto market and the US stock market are completely different; the US stock market focuses more on fundamentals and macroeconomic factors. In contrast, the crypto market lacks an independent narrative and does not gain traction solely because of good performance. In fact, Bitcoin has seen almost no change in its own narrative from the time of the halving until now, relying entirely on FOMO sentiment.
Unless the crypto market develops its own narrative, I believe that for a long time, the positive correlation between these two will remain very high...
What impact will a collapse of the US stock market have on the crypto market?
First, let's make an assumption: if a global financial crisis occurs again, how will the price of Bitcoin move? Will it become a safe haven as some say, comparable to gold or surpassing gold in its hedging properties?
Currently, the crypto market is becoming increasingly similar to the US stock market, and this trend will likely worsen in the future. However, to completely attribute market movements to this would be absurd. As a high-risk financial asset, Bitcoin is susceptible to various influences, not just the policies of the Federal Reserve; there are numerous factors at play behind the scenes. As retail investors, trying to predict and assess the market based on Federal Reserve policies, on-chain data, etc., is akin to seeking a sword on a boat, with no future.
As I write this, I'm considering a question: does the crypto market still look the same as it once did? Is it a four-year cycle? Will it be replaced by a long bullish mindset similar to the US stock market, but with a steeper upward slope? The specific rhythm would be: platform/small pullback, big rise, platform/small pullback, big rise...
In my view, in any market, regardless of how strong the economy is, when the overall valuation of your market is at a relatively high level, it poses a risk. Conversely, even the worst markets present opportunities when their valuations are relatively low.
You are not a gambler; the longer you hold, the greater your chances of success, but you must choose the right market, such as the US stock market and the crypto market, excluding the A-share market; this brings me to an app I have been using, #biyapay . For us users in mainland China, it is usually not possible to buy US stocks. Opening an account in the US seems quite difficult; entrusting a Hong Kong company to open an account is very troublesome. However, Biyapay makes it very convenient to buy US and Hong Kong stocks, even including transferring USDT from the crypto market.
Returning to the fundamental issue, comparing the crypto market to the US stock market, specifically using the Nasdaq and the S&P 500 for comparison, we can clearly see a significant gap in correlation. The main reason for this is that the narratives of the crypto market and the US stock market are completely different; the US stock market focuses more on fundamentals and macroeconomic factors. In contrast, the crypto market lacks an independent narrative and does not gain traction solely because of good performance. In fact, Bitcoin has seen almost no change in its own narrative from the time of the halving until now, relying entirely on FOMO sentiment.
Unless the crypto market develops its own narrative, I believe that for a long time, the positive correlation between these two will remain very high...
Attention everyone! Bitcoin #BTC is not looking good, it has already fallen below the short-term dynamic support level of 85000. The current price has dropped to 83900. The next support level is in the range of 82300 - 83300. We must be extremely cautious and manage our risks! If anyone is considering entering the market, be sure to take small positions and enter slowly, this is of utmost importance! Always take small positions and make sure to set stop losses! The market is volatile, and we must be very careful, the fluctuations of $BTC cannot be taken lightly, everyone remember this well!
BTC short entry at 87000-88000 📉📉📉 Profit 500% 🤑🤑 Already made a profit of 5000 points, below ⬇️ public trading data Fully transparent and free, published in advance I've been continuously calling for more than a week, with articles publicly calling for short entry at 87000—88000 🤑 Real trading is not about being a clown 🤡, making a few high shorts and low longs in a regular volatile market, and then arrogantly thinking you really understand trading Volatility is merely nurturing those who have neither trading skills nor intelligence as perpetual profit masters, fattening them up, making them arrogant before taking them out in a wave is the norm When the tide goes out, the naked swimming clowns who get wrecked will reveal their true selves 🤷♂️ $BTC
Family members: 🔶 Official Ace KOL (Little Beauty) has been established 🟨 Little Beauty family join 🟨 币安王牌KOL专属群(小漂亮)-1群 Weekly benefits are distributed in the group, technical learning, methods for making money in the crypto circle, live broadcast time notifications
I send red envelopes in the group $BTC $ETH #加密市场回调
The exhaustion after intense exercise surprisingly gave me a moment of inner peace. We are already in a restless circle, and every fluctuation of the K-line represents the rise and fall of money, leaving us in unrest!
In Binance Web3, "revoking" refers to canceling or withdrawing previously granted permissions for dApps (decentralized applications) or smart contracts to access your tokens or assets. This is often done for security purposes to prevent unauthorized access.
Here’s how you can revoke permissions in Binance Web3:
Steps to Revoke Permissions in Binance Web3: 1. **Access Binance Web3 Wallet:** - Go to the Binance website and navigate to the Web3 Wallet or use the Binance app. - Ensure your wallet is connected to the platform or dApp where you granted permissions.
2. **Go to the "Connected Sites" or "Permissions" Section:** - In Binance Web3 Wallet, find the section that manages your connected sites or dApps. This could be under the "Settings" or "Security" tab. - Look for a section that lists the dApps or smart contracts you have previously granted permission to access your funds.
3. **Select the dApp or Contract to Revoke:** - Review the list of dApps or smart contracts that have been given access to your tokens. - Choose the one you want to revoke access from.
4. **Click to Revoke or Remove Permission:** - There should be an option to revoke or remove permissions for the selected dApp or smart contract. Confirm the action. - You may be asked to sign the transaction using your wallet.
5. **Confirm Transaction:** - Once the revoke transaction is signed, confirm the action, and the dApp or smart contract will no longer have access to your assets or tokens.
Why Revoke Permissions? - **Security**: If a dApp or contract you interacted with is compromised, revoking access prevents further interaction with your wallet. #MarketPullback #VoteToListOnBinance #WhaleMovements #Write2Earn
Publicly publish short orders in advance, BTC enters the market with short orders near 88,000📉📉📉 and has made a profit of 4,000 points💰 Publish the whole process in advance, when the market fluctuates, there will be many points of eating regular oscillations, and you will be a clown🤡 Once you go out of the unilateral market, the clown will be exposed When the tide recedes, you will know who is swimming naked❤️🔥 Publish the whole process in advance👌Free and advance disclosure, no need to pay
The provided Binance Coin (BNB/USDT) chart analysis. Price Action The last closing price is 610 USDT, showing a significant -7.97% decline for the day. The daily high reached 650 USDT, while the low touched 580.00 USDT, indicating high volatility. A sharp drop is observed, breaking below key moving averages and suggesting strong bearish momentum.
Volume Analysis The volume SMA (9-day) is 896.475K, indicating a surge in trading activity. The large red volume bars show that selling pressure is increasing, which supports the bearish outlook. Conclusion BNB is experiencing a sharp sell-off, breaking key support levels with high trading volume.
A massive 7.7-magnitude earthquake struck central Myanmar today at around 12:50 PM local time, with its epicenter near Mandalay. The quake caused widespread destruction, including the collapse of ancient temples in Bagan. A 6.4-magnitude aftershock followed, worsening the damage.
In Myanmar, the military junta declared a state of emergency in six regions, as bridges, power lines, and communication networks suffered severe damage. Rescue efforts are ongoing, but political unrest complicates the situation.
International organizations, including the Red Cross, are providing aid and appealing for donations. Officials warn of possible aftershocks, urging residents to stay cautious. The full extent of casualties and damage is still being assessed.