Cryptocurrency Market Update
The cryptocurrency market is buzzing with activity as Solana (SOL) faces a sharp decline, losing 11.50% of its value. Meanwhile, Ethereum (ETH) continues to evolve, keeping investors on their toes. Amid these significant market movements, there’s a golden opportunity not to be missed—Furrever Token (FURR) is offering a 25% bonus on purchases for just two more days. This unique cat-themed cryptocurrency has captured the hearts of many with its community-driven approach and potential for substantial returns. Act now to maximize your investment and join the vibrant Furrever Token community before this limited-time offer ends!
Sharp Decline in Solana (SOL), Losses Reach 11.50%
Solana (SOL), ranked fifth behind the leading cryptocurrency Bitcoin (BTC) with a market cap of $74.89 billion, started the day at $167.33 and tested $172.85 before experiencing a sharp pullback along with Bitcoin (BTC)’s decline. During the intensified selling pressure, Solana (SOL) fell to $152.92. Although losses exceeded 11.50%, it closed the day with a 4.50% drop at $162.50. Solana (SOL) made a flat start today and is currently trading at $162.51.
Solana (SOL) Daily Chart Analysis
As the fifth-largest cryptocurrency by market cap, Solana (SOL) ended its movement within the $116.00-$164.50 range, which had lasted for over a month, and began to rise. After testing $189, it came under selling pressure again. Examining the daily chart, Solana (SOL) started yesterday at $167.33 and tested $172.85 before experiencing a sharp pullback due to Bitcoin (BTC)’s decline. During the intensified selling pressure, it fell to $152.92. Although the losses exceeded 11.50%, it closed the day with a 4.50% drop at $162.50. If Solana (SOL) continues to trade below the critical support level of $164.50, it may return to the $116.00-$164.50 range. Conversely, if it rises above $164.50, it could resume its upward trend.
Ethereum (ETH) Market Update
Ethereum (ETH), the second-largest cryptocurrency with a market cap of $443.88 billion, began the day at $3,812.1 and reached $3,838.8 before closing with a 3.56% decline at $3,676.8. Today, Ethereum (ETH) started slightly positive and is currently trading at $3,696.3, up 0.53%.
Ethereum (ETH) Technical Analysis
Since March, Ethereum (ETH) had been in a downtrend from $4k, finding support at $2,858. Following the spot ETF approval announcement, it rebounded sharply from this support and broke its two-month downtrend. After this sharp rise, Ethereum (ETH) has been trading within the $3,750-$3,950 range (highlighted in purple on the chart) for the past two weeks. However, the recent release of Non-Farm Payroll data from the U.S. caused selling pressure in Bitcoin (BTC), leading Ethereum (ETH) to break below this range and currently hold at the EMA21 support.
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Furrever Token (FURR) Details
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