The current downturn in the cryptocurrency market isn't caused by internal factors but is instead linked to the broader collapse of the Nasdaq. This external shock has had a ripple effect across all financial markets, pulling crypto prices down alongside traditional tech stocks. After carefully reviewing various on-chain metrics, it's clear that this decline was triggered by the Nasdaq's significant drop, which heavily influenced investor sentiment and market dynamics.
The connection between cryptocurrencies and global financial markets is becoming stronger over time. When a major stock index like the Nasdaq experiences such a steep fall, it creates widespread panic, causing investors to pull out from both stocks and digital assets. This has placed significant selling pressure on cryptocurrencies, even though their fundamentals remain unchanged. Essentially, the crypto market has been caught in a storm created by external forces, and navigating through this period will require patience and a long-term perspective.
#SOL Really lose Almost 30% in last 10 days ... After hitting $275 now hit back $180 ... What is happening in Market... Really We All stuck to predict ..
$SOL Price Update: Key Levels to Watch..
$SOL is trading at $180.45, showing a sharp decline of -13.4% in the last 24 hours. After hitting a high of $211.35, the price has plummeted to a 24-hour low of $180.18.
Key Levels:
Support: $179.19 – A break below this level may push the price towards deeper lows.
Resistance: $186.40 – Bulls need to reclaim this level to regain momentum.
Trade Setup:
Entry Point: Around $180.45 for a short-term play.
Targets:
1. $186.40 (short-term recovery)
2. $193.59 (next resistance zone)
Risk Management:
Stop-loss: $179.00 to mitigate further downside risks.
Pro Insight:
With bearish momentum still dominating, watch for a possible bounce near the $179 support zone. Short-term traders can look for quick moves, but manage risks carefully.
$SOL Will soon fall to 180-190 Levels. Current price is 209. I will suggest opening a short position on Sol, including high leverage till 15x-20x Levels. SL at 217
The prices are likely to fall very sharply from this point forth. The Price has made a 24H low of 199 USDT and the pull back is now reversing as well.
Look brothers, Don't miss your chance. I have been calling Shorts on Solana since 229 Levels. No one followed my advice and lost a lot of money since.
The whales will book profits and re buy from 180-190 levels. From then on the market will be bulish.
$BTC Will also fall soon. Till a support level of 90000.
Save this post for future reference and compare the prices then