SOL has broken out of the falling wedge pattern and is currently facing resistance at the 200 EMA. A breakout above the 200 EMA would confirm a bullish trend. However, if it gets rejected, a retest of the falling wedge pattern may occur.
The best approach in the current volatile market is to proceed with patience, maintain a favorable risk-reward ratio, and apply strict risk management. #Write2Earn
VIP MARKET UPDATE: $BNB ➖➖➖➖➖➖➖ BNB has broken out of a long-term symmetrical triangle, signaling bullish momentum. The price is now trading above both the triangle resistance and the 100 EMA.
Currently, it's consolidating around $657. If it holds this level, BNB could target $730+. A drop back below the breakout zone may signal weakness.
Bitcoin is trading in a range between $101,800 support and $105,000 resistance. Price is currently testing the support zone with weak bullish momentum.
A break below this level and the EMA 100 could trigger a drop. If support holds, expect another bounce toward resistance.$BTC
$BTC .D bounced from the golden pocket, and USDT.D also rebounded from a key support/resistance level. This has contributed to the recent small correction in the market.
Both BTC.D and USDT.D are currently showing a bearish outlook. A confirmed breakdown below the golden pocket for BTC.D and the S/R level for USDT.D would signal a continuation of the overall upward trend in the market.