The crypto markets could witness increased volatility after the Fed’s rate decision but it is unlikely to start a trending move.
The 20-day EMA is flattening out and the RSI is just above the midpoint, indicating that the bears may be losing their grip. Buyers will try to push the price to the 50-day SMA and subsequently to the overhead resistance at $22.30. This level is likely to attract strong selling by the bears.
This positive view will invalidate in the near term if the SOL/USDT pair turns down and plummets below $18.50. The pair could then retest the strong support at $17.33.Toncoin is currently in a strong uptrend. The bulls are trying to strengthen their position further by pushing the price above $2.59 but the bears have held their ground.Although the up-move is facing selling near $2.59, the bulls have not ceded ground to the bears.
The upsloping moving averages indicate advantage to buyers but the overbought level on the RSI warns of a possible correction or consolidation in the short term. The first support for TON price on the downside is $2.25 and the next level to watch out for is $2.07.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Ripple's (XRP) Massive Milestone, SHIB's Bullish Developments, BTC Breaking Records: Bits Recap Sep 20XRP, SHIB, and BTC have reached considerable milestones in the last several days.
Les mer »
Gold Price Forecast: XAU/USD holds above the 20 and 200-day SMA, upside limitedOn Monday, the Gold spot price XAU/USD is holding above the 20 and 200-day Simple Moving Average (SMA) convergence at $1,922-1,923, rising to $1,930.
Les mer »
EUR/JPY Price Analysis: Bulls need running out of steam, capped by the 20-day SMAOn Monday, the EUR/JPY cross slightly advanced, near the 157.80 zone. Still, the pair could see further consolidation if the bull fails to reclaim the
Les mer »
EUR/JPY Price Analysis: Bulls fail to consolidate above the 20-day SMAIn Tuesday’s session, the EUR/JPY cross failed to maintain its momentum, which took the pair to a high of 157.85, above the 20-day Simple Moving Avera
Les mer »
Cryptocurrencies Price Prediction: MKR, Bitcoin & BASE – European Wrap 20 SeptemberMaker price has increased 16% over the past week, emerging as one of the best performing altcoins in the ecosystem. The Ethereum-based DeFi token is u
Les mer »
Early indications show Klaviyo opening up to 20% above the IPO priceKlaviyo Inc. looks set to continue the trend of upbeat Wall Street debuts, as the profitable digital marketing software-as-a-service company’s stock is...
Les mer »