Thursday, October 23, 2025
Catatonic Times
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
No Result
View All Result
Catatonic Times
No Result
View All Result

Bears still targeting the $140 support

by Catatonic Times
June 20, 2025
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Key takeaways

SOL has did not push above the 20-day EMA and will now take a look at the $140 assist degree.
If the bulls fail to defend the $140 assist, SOL might dip additional in direction of $123 within the quick time period.

SOL dips 1% amid broader bearish efficiency

This has been a internet unfavorable week for the cryptocurrency thus far. The continuing Center East disaster has worn out billions of {dollars} from the crypto market over the previous few days, and extra downward correction is predicted.

One of many worst performers among the many prime 10 cryptocurrencies by market cap is Solana (SOL). The coin has misplaced 8% of its worth over the past seven days and will face additional downward motion, fueled by market fundamentals and technical indicators.

The bearish efficiency coincides with Bitcoin and different main cryptocurrencies underperforming. If the Israel-Iran battle continues, SOL might file additional losses within the coming days.

The impartial rate of interest determination by the U.S. Federal Reserve on Wednesday additionally didn’t assist SOL and different main cryptocurrencies.

Bears goal the $140 assist degree

To this point, the bulls have executed a superb job in defending SOL’s value across the $145 degree. Nevertheless, the cryptocurrency’s value motion stays bearish and will take a look at the $140 assist degree within the coming hours or days.

Consumers pushed SOL above the 20-day EMA ($154) earlier this week. Nevertheless, they couldn’t clear the 50-day SMA ($160) hurdle. This resulted within the bears pushing the worth down in direction of the important $140 assist degree.

SOL price action

If the $140 degree fails to carry, the SOL/USDT pair will full a bearish H&S sample and will ultimately drop to the following assist ranges at $123 and $110. The RSI at 42 signifies that SOL is edging into the oversold territory.

Nevertheless, if the bulls regain management and push the worth above the 50-day SMA, it suggests robust shopping for close to $140. SOL going above the 50-day SMA might maintain the worth between $140 and $185 for some time. The market will swap bullish as soon as SOL closes above the $185 psychological degree.

Share this articleCategories



Source link

Tags: BearsSupportTargeting
Previous Post

Nauru Regulates Crypto with a New Dedicated Regulator

Next Post

Israel Hacks Iran’s Nobitex, Burns Funds, Reveals Source Code

Related Posts

XRP Bounce In Sight? Bulls Hold .38 Support As Breakout Pressure Builds
Analysis

XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds

October 23, 2025
APT price soars as BlackRock’s BUIDL fund expands to Aptos
Analysis

APT price soars as BlackRock’s BUIDL fund expands to Aptos

October 22, 2025
ASTER price outlook after Solana co-founder unveiled a rival perp DEX
Analysis

ASTER price outlook after Solana co-founder unveiled a rival perp DEX

October 23, 2025
Pundit Outlines The Possibility Of The XRP Price Getting To ,000
Analysis

Pundit Outlines The Possibility Of The XRP Price Getting To $1,000

October 22, 2025
ETHFI price forecast amid liquidity drawdown and on-chain activity plunge
Analysis

ETHFI price forecast amid liquidity drawdown and on-chain activity plunge

October 21, 2025
LayerZero outlook: ZRO price on the edge ahead of M token unlock
Analysis

LayerZero outlook: ZRO price on the edge ahead of $43M token unlock

October 22, 2025
Next Post
Israel Hacks Iran’s Nobitex, Burns Funds, Reveals Source Code

Israel Hacks Iran's Nobitex, Burns Funds, Reveals Source Code

Magic Eden Onboards Avalanche Battle Pass for Web3 Rewards

Magic Eden Onboards Avalanche Battle Pass for Web3 Rewards

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Catatonic Times

Stay ahead in the cryptocurrency world with Catatonic Times. Get real-time updates, expert analyses, and in-depth blockchain news tailored for investors, enthusiasts, and innovators.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

Latest Updates

  • Diddy Strikes Back — Files Appeal as SBF’s Ex-Cellmate Joins Legal Rebellion
  • XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds
  • Technical Analysis Suggests XRP’s Playbook From 2017 Could Repeat In 2025
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.