4 hours ago
Solana started a fresh decline below the $165 pivot zone. SOL price is now attempting to recover and faces hurdles near the $165 zone. SOL price started a fresh decline below $162 and $160 against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $160 and $162. Solana Price Faces Hurdles Solana price extended losses below $150 before the bulls appeared, like Bitcoin and Ethereum . SOL tested the $145 zone and recently started a recovery wave. There was a move above the $150 and $155 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. However, the bears remained active near the $162-$165 resistance zone. Besides, there is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair. Solana is now trading below $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $160 level and the trend line. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $172 and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $160 resistance, it could continue to move down. Initial support on the downside is near the $150 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 support zone. If there is a close below the $138 support, the price could decline toward the $130 zone 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 – $150 and $145. Major Resistance Levels – $160 and $165.
NewsBTC
You can visit the page to read the article.
Source: NewsBTC
Tags :
Technical analysis Sol Solana solbtc SOLUSD SOLUSDT
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Critical Upbit Investment Warning: Why Rally (RLY) Faces Exchange Scrutiny
BitcoinWorld Critical Upbit Investment Warning: Why Rally (RLY) Faces Exchange Scrutiny South Korea’s leading cryptocurrency exchange Upbit has issued a critical investment warning for Rally (RLY), sending shockwaves through the crypto community. This Upbit investment warning designation raises serious questions about the token’s future and serves as a crucial alert for investors. The exchange identified multiple red flags that could potentially harm users, making this development essential knowledge for anyone holding or considering RLY. What Triggered the Upbit Investment Warning? Upbit’s decision to flag RLY as an investment warning item stems from comprehensive evaluation. The exchange identified three primary concerns that prompted this action. These issues directly impact investor protection and market stability. The Upbit investment warning system exists specifically to alert users about potential risks before they escalate into larger problems. The exchange revealed these key deficiency areas: Business viability and sustainability concerns Inadequate trading volume and adoption metrics Insufficient disclosure of important project developments How Serious Are These Warning Signs? An Upbit investment warning represents more than just a casual alert. This designation signals genuine concerns about the project’s ability to deliver on its promises. When a major exchange like Upbit issues such warnings, investors should pay close attention. The Upbit investment warning system has proven accurate in predicting troubled projects in the past. However, it’s important to understand what this warning means practically. The token remains listed and tradable, but with clear caution labels. This Upbit investment warning gives existing holders time to reassess their positions while alerting potential buyers to exercise extreme caution. What Should RLY Investors Do Now? If you currently hold RLY tokens, this Upbit investment warning requires immediate attention. First, thoroughly review the exchange’s official statement about the specific concerns. Then, conduct your own research into the project’s current status and future roadmap. This Upbit investment warning should trigger a portfolio reassessment rather than panic selling. Consider these actionable steps: Monitor official RLY project communications Diversify your cryptocurrency holdings Set appropriate stop-loss orders if continuing to hold Stay updated on any further Upbit announcements Why Exchange Warnings Matter for Crypto Investors Exchange warnings like this Upbit investment warning serve as crucial market safeguards. They represent institutional due diligence that individual investors might lack resources to conduct. When reputable exchanges identify problems, it often indicates deeper issues that could affect token value long-term. This particular Upbit investment warning highlights the importance of exchange oversight in the largely unregulated crypto space. Moreover, such warnings create market transparency. They help prevent situations where investors discover problems only after significant value loss. The Upbit investment warning system demonstrates how established exchanges are maturing their protective measures for users. Looking Beyond the Immediate Impact While this Upbit investment warning creates short-term uncertainty, it also presents learning opportunities. Understanding why exchanges issue such warnings can improve your investment strategy. The Upbit investment warning for RLY teaches valuable lessons about project due diligence and risk assessment. Successful crypto investors recognize that exchange warnings, while concerning, are part of market evolution. They represent growing institutional responsibility toward investor protection. This Upbit investment warning ultimately strengthens the ecosystem by promoting transparency and accountability. Frequently Asked Questions What does an Upbit investment warning mean? An Upbit investment warning indicates the exchange has identified significant concerns about a project’s business viability, trading status, or disclosure practices. It serves as an official caution to investors. Can I still trade RLY on Upbit after this warning? Yes, RLY remains available for trading on Upbit despite the investment warning designation. However, the exchange displays clear risk warnings to inform users. How long do investment warnings typically last? Investment warning durations vary case by case. They remain until the exchange determines the identified issues have been adequately addressed or the token gets delisted. Should I immediately sell my RLY tokens? While we cannot provide financial advice, investment warnings suggest conducting thorough research and potentially reconsidering your position based on your risk tolerance. Has Upbit issued similar warnings for other tokens? Yes, Upbit regularly monitors listed projects and issues investment warnings when identifying potential risks to protect its users. Can the RLY project remove this warning? Yes, by addressing Upbit’s concerns regarding business viability, trading activity, and disclosure practices, the project could potentially have the warning removed. Found this analysis helpful? Share this crucial Upbit investment warning information with fellow crypto enthusiasts on social media to help them make informed decisions. Knowledge sharing strengthens our entire community against potential risks. To learn more about the latest cryptocurrency exchange developments, explore our article on key developments shaping crypto exchange regulations and investor protection measures. This post Critical Upbit Investment Warning: Why Rally (RLY) Faces Exchange Scrutiny first appeared on BitcoinWorld . NewsBTC
Bitcoin Weakness Sends a Warning to Stocks, But Liquidity May Soon Turn, Citi Says
The Wall Street bank said fading crypto momentum could be flagging trouble for equities, though improving liquidity may revive the year-end rally. NewsBTC
BTC
BTC
-
Wall Street Bank Warns of Crypto Signals on Stock Market
53 dakika önce
