Solana (SOL) Approaches Key $116 Support Level
Solana (SOL), a major player in the cryptocurrency market with a market cap of $54.12 billion, is inching closer to its critical $116 support level. Recent data reveals a selling trend that has persisted for nearly ten days. Currently trading at $120.94, Solana has seen a daily loss of 4.60%.
Solana (SOL) Daily Chart Analysis
Analyses of Solana’s daily chart suggest that the selling pressure continues to push the price downward. If Solana falls below the $116 support level, the next significant support zone is at the EMA200, which stands at $112.13. Conversely, if there’s a rebound, key resistance levels to watch include $130.97, $138.93, $145.34, and $150.21, aligning with EMA5, EMA100, EMA21, and EMA55, respectively.
Ethereum (ETH) Challenges $2,858 Support Level
Ethereum (ETH), the second-largest cryptocurrency with a market cap of $351.52 billion, is also experiencing downward pressure, with daily losses exceeding $36 billion. At the time of writing, Ethereum is trading at $2,868.1, reflecting a daily decline of 4.76%.
Ethereum (ETH) Chart Analysis
The selling pressure on Ethereum (ETH) appears to be escalating. Should it dip below the $2,858 support level, a further decline towards the EMA200 at $2,763.2 could occur. However, if Ethereum closes above this support level, potential resistance levels include $3,052.8, $3,095.2, $3,173.6, and $3,230.3, correlating with EMA5, EMA100, EMA21, and EMA55, respectively.
Furrever Token (FURR) Gains Popularity with Promising Prospects
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Furrever Token (FURR) Community and Strategic Growth
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In summary, Furrever Token is a promising investment opportunity, with strong fundamentals, a supportive community, and a clear growth strategy. As it continues to evolve, early investors could benefit from the token’s potential for substantial returns, positioning it as a strong contender in the dynamic world of digital currencies.
