XRP's Battle for $0.5 Begins, Here's Why Solana Can't Reach $150, Ethereum on Verge of This LevelDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
The 100 EMA at $0.52 and the 200 EMA at $0.53 are further obstacles, with the 50 EMA serving as a short-term resistance at $0.50. A strong breakout is not likely given the comparatively low trading activity indicated by the volume bars. Althoughdoes not appear to be in oversold territory, the RSI of 40 indicates that there is not a lot of buying interest in the stock.
Solana is trading at about $147, which is slightly below the critical $150 threshold. There is a notable resistance level above the 50 EMA, which is currently located at $155. Solana appears to be engaged in a battle between resistance and support, as indicated by the 100 EMA's slight dip below the current price. It is clear that there has not been consistent buying pressure despite multiple attempts.
The next resistance, which is located at $155, the 50 EMA, may be the target for Solana if it is able to break and hold above $150. On the downside, if it does not hold these levels, it might return to the $131 mark, which coincides with the 200 EMA support level.has failed to regain a foothold above $3,500, and the current struggle it shows on the market is clearly a bearish sign. Without many buyers on the market, ETH is more likely struggling to gain momentum.
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