Solana in a Tight $4 Consolidation, SOL Support at $22
Solana prices are consolidating inside a $4 range but could benefit from Bitcoin moving higher
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Solana prices are consolidating inside a $4 range but could benefit from Bitcoin moving higher
Bitcoin is bearish below the $30.3k resistance level despite Bloomberg increasing the odds of SEC approving BTC ETF
Ethereum prices are firm above $1,820 support line but remain inside a consolidation. Overall, traders are confident and expect gains to $2,000
Cardano prices are stable above $0.30. IOG releases Mithril for security on the mainnet as beta and Intersect ahead of Voltaire
Bitcoin prices are lower and moving sideways below $30,000 days after the Fed raised rates. BTC is within a bearish breakout formation
Ethereum prices are lower but stable when writing on July 26. ETH is within a bear formation with resistance at $1,900 resistance
Cardano prices remain in consolidation, bullish but with primary support at $0.30. Any breakout above the tight range may lift ADA to May 2023 highs
Bitcoin is bullish but in a range between $29.5k and $31.8k. Overly, buyers are optimistic but traders must wait for a conclusive breakout
Ethereum prices are lower but bullish despite the failure of buyers to press the coin above the psychological $2,000 resistance level
BNB prices remain in a $30 consolidation as Binance prepares to take on the SEC. The immediate support is at $230.
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