Category: trading

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Solana price retreats near $180 as technicals flag caution

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The post Solana price retreats near $180 as technicals flag caution appeared com. Solana price is showing signs of weakness as clouds return to its short-term outlook, with the token drifting closer to a key support level. Summary SOL has dropped to $181, down over 6% on the day and more than 17% this week, as bearish momentum strengthens and sellers dominate the market. Technical indicators flash caution, with the RSI near 39 and key moving averages tightening, suggesting further downside if support fails to hold. A rebound could hinge on institutional demand and optimism around potential Solana-based ETF approvals, which have previously driven major recoveries in SOL’s price. Solana price is currently trading at $181, shedding over 6% in the past 24 hours and down more than 17% for the week. After rallying above $220 just over a week ago, the token has since tumbled on successive sessions of selling, reversing momentum built up at the start of the month. The sharp decline comes as bearish momentum strengthens on the charts. Solana (SOL) began its current slide after failing to reclaim the $210 threshold, with back-to-back red daily candles marking growing pressure from sellers. Technical signals point to a market unable to absorb recent high-volume liquidations, forcing the token down to test lower support. Solana’s retreat is part of a broader downturn in the crypto market, mirroring losses seen across top altcoins and following renewed weakness in Bitcoin and Ethereum. The parallel drawdown echoes last week’s major Friday selloff, which wiped more than 20% off Solana’s market value in hours and brought the token as low as $168. For now, bears are firmly in control as Solana price hovers at these critical levels. With volatility still high and no clear catalyst for a reversal, the question is whether current support can hold or if a deeper drop is imminent. Technical signals hint.

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XRP at $2.40 – Which way will XRP’s price go next?

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The post XRP at $2. 40 Which way will XRP’s price go next? appeared com. Key Takeaways What was the significance of the $2. 7 area on the price chart? Analysis showed that it has been a key support since August. The build-up of short liquidation levels meant it could be retested before the next bearish move. What would convince swing traders to lean bullishly? If the $2. 8 area is reclaimed as a demand zone, it would show traders that buyers were strong enough to attempt a recovery past $3. Ripple [XRP] was trading at the $2. 42 mark at the time of writing, and signaled bearish momentum in the short-term. Sellers had the upper hand for now and could force a price move toward the psychological $2 support. Technical analysis shows XRP could see a 22% price drop The swing points on the weekly timeframe were marked in green, at $0. 486 and $3. 4. The rally from $1. 61 to $3. 66 that began in April meant that the weekly structure was bullish, making it the long-term outlook for XRP. A move below $1. 6 would be needed to shift the swing structure bearishly. The internal structure’s local high and low are marked in orange at $3. 1 and $2. 7. The swing structure was bullish, due to the rally from $1. 9 to $3. 66 in June and July. However, the bias for now is bearish. This is because XRP bulls had defended the $2. 7-$2. 8 demand zone from bearish retests since July, but the recent selling pressure forced the price to break down beneath this support. This breakdown left behind a large imbalance, highlighted by the white box. This zone, from $2. 5-$2. 77, represented a sturdy obstacle for the buyers. The Moving Averages were bearish, as was the Awesome Oscillator. However, the CMF has climbed to +0. 05, at press time, a sign.