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 -  NEWSBTC
Solana (SOL) Nosedives to $150, Can Bulls Prevent Further Collapse? Solana (SOL) Nosedives to $150, Can Bulls Prevent Further Collapse?
Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses below $165 and might decline further below $150. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $150 or $145. Solana Price Dips Heavily Solana price failed to remain stable above $180 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $175 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price is now consolidating losses. The price recovered a few points above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Solana is now trading below $160 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $158 level. There is also a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair. The next major resistance is near the $162 level. The main resistance could be $166 and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. A successful close above the $166 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $155 zone. The first major support is near the $150 level. A break below the $150 level might send the price toward the $145 support zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $150. Major Resistance Levels – $162 and $166.

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 - NEWSBTC
Analysts Share Forecasts As Ethereum Price Struggles Below $4,000, And It’s Very Bearish In the last few weeks, the Ethereum price has performed poorly, thanks to the bearish pressure triggered by the Bitcoin price decline. After losing support above $4,000, the second-largest cryptocurrency by market cap is now showing more signs of a breakdown that could trigger a spiral. Multiple analysts have already shared where they see the Ethereum price going, and we take a look at two that look at both ends of the spectrum. A Recovery And Then A Crash Crypto analyst Melikatrader highlighted an important structure that the Ethereum price has formed recently, and that is a clear structure of recovery. This comes after the cryptocurrency completed a liquidity sweep around $3,700, which is referred to as a “Hunting.” Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Below $100,000 Now, with the liquidity sweep completed at this level, the analyst believes that this creates a potential base that could see the Ethereum price correct upwards. Amid this, the altcoin has also seen some consolidation between $3,700 and $3,800, making this range an important area of interest. If bulls are able to claim and hold this level, then it could put Ethereum on the path of another uptrend. It would put an end to the accumulation trend and kickstart another bullish run. Such a run would send the Ethereum price into the next supply zone, which lies at $4,080-$4,180, before seeing any major downward correction. Despite expecting the price to climb, the crypto analyst also highlights the fact that Ethereum is still flashing a bearish market structure. With the ascending trendline on the move, the price is expected to hit resistance around $4,100. If bears are able to successfully reject the price from this level, then the Ethereum price is expected to crash back below $4,000. Analyst Calls The Top For Ethereum Price While many in the space believe the current downtrend is only temporary, crypto analyst CRYPTO Damus believes that this could actually be the cycle top. In the post on X, he compares the current trend to that of the 2018 and 2021 cycle tops using the weekly chart. Related Reading: Here’s What Happens To The Dogecoin Price After The Consolidation Phase Ends Damus points out that there are similarities between the previous cycle tops and that the Ethereum price is currently following a similar playbook. This comes after consistent green candles, followed by red candles on the weekly chart, ending in a bear market. The analyst explains that it is possible that this time could be different, given the deviations in the market cycles so far. However, if it is the same trend from the last two bull cycles, that would mean that the bull run is over for Ethereum, and investors should brace for a crash. Featured image from Dall.E, chart from TradingView.com
 - Bitcoin.com
 - NEWSBTC
XRP Price Targets Bounce; Traders Watch $2.30 Resistance Level XRP price started a fresh decline below $2.350. The price is now showing bearish signs and is at risk of more losses below $2.120 in the near term. XRP price gained bearish momentum and traded below $2.30. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a recovery wave if it stays above $2.150. XRP Price Dips Further XRP price remained in a bearish zone below $2.50 and extended losses, like Bitcoin and Ethereum. The price dipped below the $2.350 and $2.30 levels. The decline gained pace after there was a close below $2.250. The price even tested $2.050. A low was formed at $2.066, and the price is now correcting some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.250 level. There is also a bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level, above which the price could rise and test $2.3650. It is close to the 61.8% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. A clear move above the $2.3650 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance. The next major hurdle for the bulls might be near $2.50. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.180 level. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward $2.050. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.850. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.180 and $2.150. Major Resistance Levels – $2.250 and $2.30.
 - Bitcoin.com
 - NEWSBTC
Analysts Share Forecasts As Ethereum Price Struggles Below $4,000, And It’s Very Bearish In the last few weeks, the Ethereum price has performed poorly, thanks to the bearish pressure triggered by the Bitcoin price decline. After losing support above $4,000, the second-largest cryptocurrency by market cap is now showing more signs of a breakdown that could trigger a spiral. Multiple analysts have already shared where they see the Ethereum price going, and we take a look at two that look at both ends of the spectrum. A Recovery And Then A Crash Crypto analyst Melikatrader highlighted an important structure that the Ethereum price has formed recently, and that is a clear structure of recovery. This comes after the cryptocurrency completed a liquidity sweep around $3,700, which is referred to as a “Hunting.” Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Below $100,000 Now, with the liquidity sweep completed at this level, the analyst believes that this creates a potential base that could see the Ethereum price correct upwards. Amid this, the altcoin has also seen some consolidation between $3,700 and $3,800, making this range an important area of interest. If bulls are able to claim and hold this level, then it could put Ethereum on the path of another uptrend. It would put an end to the accumulation trend and kickstart another bullish run. Such a run would send the Ethereum price into the next supply zone, which lies at $4,080-$4,180, before seeing any major downward correction. Despite expecting the price to climb, the crypto analyst also highlights the fact that Ethereum is still flashing a bearish market structure. With the ascending trendline on the move, the price is expected to hit resistance around $4,100. If bears are able to successfully reject the price from this level, then the Ethereum price is expected to crash back below $4,000. Analyst Calls The Top For Ethereum Price While many in the space believe the current downtrend is only temporary, crypto analyst CRYPTO Damus believes that this could actually be the cycle top. In the post on X, he compares the current trend to that of the 2018 and 2021 cycle tops using the weekly chart. Related Reading: Here’s What Happens To The Dogecoin Price After The Consolidation Phase Ends Damus points out that there are similarities between the previous cycle tops and that the Ethereum price is currently following a similar playbook. This comes after consistent green candles, followed by red candles on the weekly chart, ending in a bear market. The analyst explains that it is possible that this time could be different, given the deviations in the market cycles so far. However, if it is the same trend from the last two bull cycles, that would mean that the bull run is over for Ethereum, and investors should brace for a crash. Featured image from Dall.E, chart from TradingView.com
 - CoinDesk
 - BITCOINIST
 - Bitcoin.com
 - Cointelegraph
 - NEWSBTC
XRP Price Targets Bounce; Traders Watch $2.30 Resistance Level XRP price started a fresh decline below $2.350. The price is now showing bearish signs and is at risk of more losses below $2.120 in the near term. XRP price gained bearish momentum and traded below $2.30. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a recovery wave if it stays above $2.150. XRP Price Dips Further XRP price remained in a bearish zone below $2.50 and extended losses, like Bitcoin and Ethereum. The price dipped below the $2.350 and $2.30 levels. The decline gained pace after there was a close below $2.250. The price even tested $2.050. A low was formed at $2.066, and the price is now correcting some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.250 level. There is also a bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level, above which the price could rise and test $2.3650. It is close to the 61.8% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. A clear move above the $2.3650 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance. The next major hurdle for the bulls might be near $2.50. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.180 level. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward $2.050. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.850. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.180 and $2.150. Major Resistance Levels – $2.250 and $2.30.
 - Cointelegraph