DOGE price retreats to $0. 16 support level following last week’s 5. 2% surge driven by speculative asset interest after Trump’s tariff comments, with technical indicators showing bearish momentum. (Read More).
Tag: consolidating
SEI Price Eyes Trend Reversal as Analysts Highlight 0.70 Target
The post SEI Price Eyes Trend Reversal as Analysts Highlight 0. 70 Target appeared com. SEI is approaching a crucial breakout zone as analysts Mister Crypto and Ali identify bullish reversal structures. Mister Crypto highlights an inverse head and shoulders pattern, while Ali points to a descending triangle base near $0. 15. Both suggest the token could rally toward $0. 70, signaling growing momentum and investor confidence in the coming months. SEI Inverse Head and Shoulders Pattern Suggests Bullish Setup Analyst Mister Crypto observed that the asset may be forming an inverse head and shoulders pattern, a technical structure often associated with a potential bullish reversal. The formation consists of three distinct troughs a left shoulder, a deeper head, and a right shoulder-positioned beneath a long-term descending resistance line. This setup typically reflects weakening selling pressure and the gradual return of buying strength. A confirmed breakout above this neckline could validate the reversal and open the path for upward momentum. Technical projections suggest a possible move toward the $0. 70-$0. 90 zone if it maintains a stable breakout. Such a move would mark a recovery phase following months of downward consolidation. Mister Crypto’s chart indicates that a short-term retest of the neckline might occur before SEI advances toward higher targets. Analyst Notes Triangle Base as Key Technical Zone Analyst Ali also emphasized its current positioning near the base of a descending triangle pattern. The asset is consolidating around $0. 15, a horizontal support zone that has been tested repeatedly since early 2024. This level represents the x-axis of a broader technical structure that has historically served as an accumulation area. The recurring defense of this support range indicates that selling activity could be waning, setting conditions for a potential upward breakout.
Solana Price Weakens as Market Turns Bearish—Will the $165 Zone Trigger a Rebound?
The post Solana Price Weakens as Market Turns Bearish-Will the $165 Zone Trigger a Rebound? appeared com. The post Solana Price Weakens as Market Turns Bearish-Will the $165 Zone Trigger a Rebound? appeared first Bitcoin price slipped below $107,500, breaching a crucial support level near $108,000, while Solana price plunged to $176, losing its strong October base between $178 and $180. The weak start to November has left traders cautious, as the SOL price dropped over 8% amid low trading volume and fading bullish momentum. The total crypto market capitalization also declined as traders booked profits after the recent rally. With this pullback, Solana has officially entered a weekly downtrend, and if selling pressure persists, the token could soon revisit its key demand zone near $165. This zone has historically served as a strong rebound area, potentially halting further downside and fueling a fresh move toward the $200 resistance in the coming sessions. What’s Next for the Solana (SOL) Price Rally? Solana’s price action has entered a decisive phase as the token consolidates near $187 following a sharp pullback from recent highs. The chart reveals a clear structure of lower highs, indicating growing bearish momentum after repeated rejections around $240. With the recent breakdown below $180, SOL is testing crucial mid-range support levels, leaving traders watchful of a potential deeper correction. The broader market sentiment appears cautious, suggesting volatility could intensify if Solana fails to reclaim the $200 resistance soon. The chart shared by a popular analyst, Ali, illustrates Solana’s multi-month range between $100 and $260, highlighting a possible downward trajectory if the $158-$165 support fails to hold. The dotted projections suggest a potential short-term rebound toward $200 before a continuation of the downtrend, possibly dragging SOL toward the $130-$100 zone by early 2026. The setup implies a lower-high.
Another Company Plans $1B XRP Treasury with Ripple’s Backing
Evernorth, backed by Ripple and a coalition of major blockchain investors, has revealed plans to go public while building the [.] The post Another Company Plans $1B XRP Treasury with Ripple’s Backing appeared first on Coindoo.
John Bollinger Spots W Bottoms in Ethereum and Solana but Not Bitcoin
TLDR John Bollinger identified W bottoms in ETH and SOL but not in BTC charts. ETH/BTC ratio rose 7% this week, showing Ethereum is outperforming Bitcoin. Ethereum gained 1. 52% and Solana rose 2. 15% in the last 24 hours. BlackRock reduced Bitcoin holdings and increased Ethereum exposure. Ethereum and Solana show early signs of recovery while [.] The post John Bollinger Spots W Bottoms in Ethereum and Solana but Not Bitcoin appeared first on CoinCentral.