TON price rallied nearly 15% and traded above the $6.50 resistance. Toncoin is now showing a few signs of trend exhaustion and might correct gains. Toncoin jumped above the $6.20 and $6.50 resistance levels. The price is now trading above $6.50 and the 100-hourly Simple Moving Average. There is a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair (data source from Kraken). The pair could start a downside correction if it declines below $6.80 and the $6.60. TON Price Reaches $7 Recently, TON price started a strong increase from the $5.60 support zone. It climbed above the $6.20 resistance zone. It gained nearly 15% in a day and outperformed Bitcoin and Ethereum. Toncoin traded close to the $7.00 level. A high was formed at $6.93 and the price is now consolidating gains. It is trading near the $6.80 zone and well above the 100-hourly Simple Moving Average. There is also a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair. Immediate resistance is near the $6.92 level. The first key resistance is near $7.00. A close above the $7.00 resistance zone could spark a strong increase. Source: TONUSD on TradingView.com The next key resistance is near $7.20. If the bulls remain in action above the $7.20 resistance level, there could be a rally toward the $7.55 resistance. Any more gains might send the price toward the $8.00 resistance. Downside Correction In Toncoin? If Toncoin price fails to clear the $6.90 resistance zone, it could start a downside correction. Initial support on the downside is near the $6.80 level and the parabolic curve, below which the price might test the 23.6% Fib retracement level of the upward move from the $5.61 swing low to the $6.93 high. The next major support is at $6.25 or the 50% Fib retracement level of the upward move from the $5.61 swing low to the $6.93 high. If there is a downside break and a close below the $6.25 level, the price might accelerate lower. In the stated case, the price could retest the $6.00 support zone. Technical Indicators Hourly MACD – The MACD for TON/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for TON/USD is now above the 70 level. Major Support Levels – $6.80 and $6.60. Major Resistance Levels – $6.90 and $7.00.
A DOGE price pattern that presaged the early 2021 surge looks set to recur.
Brandt's latest view is based on a statistics concept called "exponential decay."
Solana attempted a recovery wave above the $140 level. SOL price is now struggling to clear the $160 and $170 resistance levels. SOL price recovered higher and tested the $160 resistance against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $146 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below $160 and $170 for a long time. Solana Price Faces Resistance Solana price started a major decline below the $170 and $160 support levels. SOL tested the $115 zone and recently started an upside correction, like Bitcoin and Ethereum. There was a decent increase above the $130 and $140 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $205 swing high to the $115 low. It even spiked above the $155 zone and the 100 simple moving average (4 hours). However, the bears are active near the $160 zone and the 50% Fib retracement level of the downward wave from the $205 swing high to the $115 low. The price struggled and corrected gains. Source: SOLUSD on TradingView.com Solana is now trading below $160 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $146 on the 4-hour chart of the SOL/USD pair. Immediate resistance is near the $155 level. The next major resistance is near the $160 level. A successful close above the $160 resistance could set the pace for another major increase. The next key resistance is near $170. Any more gains might send the price toward the $188 level. Another Decline in SOL? If SOL fails to rally above the $160 resistance, it could start another decline. Initial support on the downside is near the $145 level and the trend line. The first major support is near the $132 level, below which the price could test $120. If there is a close below the $120 support, the price could decline toward the $100 support in the near term. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $146, and $132. Major Resistance Levels – $155, $160, and $170.
Solana tumbled and declined toward $110. SOL price is now correcting losses above $140 and facing hurdles near the $160 resistance zone. SOL price gained bearish momentum and declined below $150 against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to recover if it clears the $150 and $160 resistance levels. Solana Price Starts Recovery Solana price started a major decline below the $180 and $160 support levels. SOL declined over 20% and even tumbled below the $150 level. Finally, the bulls appeared near $110. A low was formed at $115.04 and the price is now attempting a recovery wave like Bitcoin and Ethereum. There was a decent increase above the $125 and $132 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $204 swing high to the $115 low. Solana is now trading below $150 and the 100 simple moving average (4 hours). Immediate resistance is near the $150 level. The next major resistance is near the $160 level. Source: SOLUSD on TradingView.com There is also a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair. The trend line is near the 61.8% Fib retracement level of the downward move from the $204 swing high to the $115 low. A successful close above the $160 resistance could set the pace for another major increase. The next key resistance is near $182. Any more gains might send the price toward the $200 level. Are Dips Supported in SOL? If SOL fails to rally above the $160 resistance, it could start another decline. Initial support on the downside is near the $140 level. The first major support is near the $132 level, below which the price could test $125. If there is a close below the $125 support, the price could decline toward the $115 support in the near term. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $140, and $132. Major Resistance Levels – $150, $160, and $182.
Bitcoin's recent triangular consolidation has ended with a bullish breakout, price chart shows.
Rising Bitcoin ETF inflows and increasingly favorable technicals suggest that BTC price might rise above $90,000 in the coming weeks.
The Guppy Multiple Moving Average indicator is about to flash a red signal, indicating a strengthening of downward momentum.
Bitcoin's RSI divergence signals correction, 10x Research said.
The pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment, one observer said.