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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Binancecoin/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat position: Wave A Direction Next higher Degrees: wave (2) Wave Cancel invalid level: Details: Retracement of wave A before Pull-back in wave B. Binancecoin/ U.S. dollar(BNBUSD)Trading Strategy: Wave (1) appears to have ended and price is now entering a correction phase in wave (2), so wait for the correction to complete to rejoin the trend. Binancecoin/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Binancecoin/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat position: Wave A Direction Next higher Degrees: wave (2) Wave Cancel invalid level: Details: Retracement of wave A before Pull-back in wave B Binancecoin/ U.S. dollar(BNBUSD)Trading Strategy: Wave (1) appears to have ended and price is now entering a correction phase in wave (2), so wait for the correction to complete to rejoin the trend. Binancecoin/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
By CryptoChamp · Posted
Solana price is attempting a recovery after defending the critical $200 support during Monday's 8.6% correction. Currently trading near $230, Solana's bullish momentum is driven by increased leverage from long positions, strong spot demand, and positive technical signals. Confirming the upward trend, the Relative Strength Index (RSI) has reversed from oversold levels, supporting optimism for Solana crypto price recovery. Additionally, the Donchian Channels indicator highlights $233 as a pivotal resistance. A daily close above this threshold could ignite a breakout, pushing the Solana price toward its next target at $270, potentially setting a new all-time high. On the downside, key support levels for Solana price today are $203 and $180. However, given the dominant bullish leverage, a steep decline in sol crypto price seems unlikely. Institutional interest and ecosystem adoption bolster Solana's prospects. The price of Solana is also supported by strong fundamentals and positive sentiment in the altcoin market. Analysts cite healthy corrections positioning SOL for a long-term rally. Also Read: Polygon Price Prediction 2024, 2025 – 2030 While regulatory hurdles delay Solana ETF approval, optimism persists. Changes in SEC leadership and evolving policies could clear the way for spot ETFs, further boosting Sol price prediction. For now, Solana price now remains on a promising path toward growth. -
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