FXStreet Team
FXStreet
Bitcoin price could go for a countertrend rally. The risky countertrend move could unfold impulsive as wave C of B. Bitcoin price could continue to fake out traders as Smart Money has completed a successful liquidity hunt two Mondays in a row.
Solana price could see more downside as the bulls fail to establish support on multiple key levels. Solana price could fall an additional 25% into the $78 zone as the bulls failed to hold support following the breakout on March 30th. Following the first sell-off, the bears have managed to push the price through the parallel channel median line and the 50-day moving average.
XRP price could see liquidity grabs as the SEC delays the controversial securities hearing again. Liquidity under $0.62 has been deemed unsafe eye candy for long-term investors. XRP price still looks macro bullish despite the current market decline. However, traders should consider wisely approaching the digital remittance token as games, fake-outs, and sideways price action are likely to occur at the current levels.
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Solana price has been consolidating below a stiff resistance barrier for quite some time. The recent uptick in buying pressure has pushed it above the said level, flipping it into a support floor. As a result, market participants can expect SOL to kick-start an explosive move to the upside.
There is no direct correlation between Elon Musk’s Twitter acquisition and Dogecoin price, but the tech entrepreneur has teased about introduction of DOGE payments on the social media platform.
Ethereum price recovery after the recent stint indicates that the bulls are back in business. The technicals and on-chain metrics have aligned and are signaling a recovery rally soon.
Bitcoin price trend has witnessed fluctuations over the past week whilea key mining metric has reached a new all-time high. Analysts are bullish on BTC price recovery as more miners join the network.
Bitcoin price reveals an opportunity to buy as it stoops to crucial support levels. This downswing looks to be a ploy from market makers to purge the sell-side liquidity before triggering an uptrend.
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