Rehanali mujawar
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$XAG Silver (XAG) Outlook: Price Slips Under 50-Day Average, 200-Day Support in Focus
Silver has dropped below its key 50-day moving average near $80.87 following the record peak reached in January, increasing the likelihood of a pullback toward the 200-day moving average around $51.86.
The sharp rally created a wide $29 gap between the two moving averages, highlighting how stretched the market became. Analysts note April 10 as a potential turning point, when the 50-day average is expected to begin trending downward.
For now, silver appears to be in an extended consolidation phase, with traders shifting from aggressive buying to searching for value closer to stronger support levels.
#XAI #sliver
Silver has dropped below its key 50-day moving average near $80.87 following the record peak reached in January, increasing the likelihood of a pullback toward the 200-day moving average around $51.86.
The sharp rally created a wide $29 gap between the two moving averages, highlighting how stretched the market became. Analysts note April 10 as a potential turning point, when the 50-day average is expected to begin trending downward.
For now, silver appears to be in an extended consolidation phase, with traders shifting from aggressive buying to searching for value closer to stronger support levels.
#XAI #sliver
$BTC Bitcoin is struggling to regain $70,000, with ongoing selling pressure and cautious market sentiment. On-chain data show whales holding 1,000–10,000 BTC control about 4.48M BTC, mostly owned by long-term holders (≈71%), indicating strong structural support despite newer investors facing pressure.
Short-term whales bought at an average $88.5K and are in loss at current prices ($68.8K), while long-term whales (avg. ~$41.6K) remain in strong profit. This gap suggests redistribution from weaker to stronger hands rather than full market capitulation, similar to past correction phases.
Technically, Bitcoin remains in a downtrend with lower highs/lows and trading below major moving averages. Support is near $60K; losing it could spark further downside, while a move above $80K would signal improving stability.$BTC #markit
Short-term whales bought at an average $88.5K and are in loss at current prices ($68.8K), while long-term whales (avg. ~$41.6K) remain in strong profit. This gap suggests redistribution from weaker to stronger hands rather than full market capitulation, similar to past correction phases.
Technically, Bitcoin remains in a downtrend with lower highs/lows and trading below major moving averages. Support is near $60K; losing it could spark further downside, while a move above $80K would signal improving stability.$BTC #markit
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