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Join the Futures Traders League!www.binance.info/FGT/BinanceTradersLeague2024/futures-team?referral=29-53626952
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Bitcoin's price has slipped below the crucial 200-day EMA, signaling a bearish trend. Currently, BTC is moving within a descending price channel, marked by lower highs and lows. 📉 The 200-day EMA breach suggests ongoing downward pressure, with the next major support around $53,000. A breakdown here could push BTC towards the $50,000 psychological barrier. 📉🔻 🔍 Dogecoin (DOGE) Update Dogecoin is struggling below the $0.1 mark, adding another zero to its price. This significant drop reflects a bearish sentiment, with the 200-day EMA far above the current price. 📉 The 50-day and 100-day EMAs are also trending down, and low trading volume indicates weak buying interest. DOGE could face further declines, with potential support around $0.08. 📉🚫 🔍 Solana (SOL) Recovery Potential Solana is testing a critical support level around $130, historically a strong base for rebounds. Despite recent bearish signals and a dip below the 50-day and 200-day EMAs, declining selling pressure and an RSI near 42 suggest a potential bounce. 📈⚡ If SOL rebounds, it could target the 50-day EMA around $145. Watch for increased buying interest and volume to confirm a sustainable recovery. 📈🌟
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Solana’s price recently closed around $160, slightly above this critical level. Although there’s no strong confirmation of a breakout above $160, #SolanaUSTD remains above the $154 support level, which now acts as new support during this short-term pullback. Despite minor pullbacks, Solana’s trend and momentum remain bullish as long as it stays above the $152 to $154 support range. Holding above $152 to $154 keeps the bullish outlook intact, thanks to a double-bottom pattern. A break below this support could push Solana back to the $140 to $144 range. Resistance remains at $160 to $161, where the price has struggled recently. A clear breakout above $160 would lead to further #ResistanceLevels between $170 and $175, and again between $183 and $187. #BinanceTurns7 #ETH_ETF_Approval_23July #Solana_Blockchain
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