#sol #solana is facing the strongest resistance- Testing vertically historical resistance
- Weekly stoch RSI is exhausted
- Declined from weekly ichimoku resistance and still testing there
As you on the chart i highlighted this' importance. If #solusd price smashes this area then road to 56 #usdt will be opened first. If price declines more times from this resistance then this mini rally is will be postponed.
NOT FINANCIAL ADVICE.
L1
INJ High time frameIn the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle.
L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet to grow to this level offer a higher ceiling for potential gains.
One of those L1's is INJECTIVE, an L1 that currently sits at approximately half its ATH set in May of 2021. A POS blockchain "built for finance" based on the COSMOS SDK able to facilitate cross chain transactions with other major L1's.
Looking at competing L1's like SOLANA where it has an ATH of $260, an almost 8x from current price. This naturally brings on more sell side pressure as people that are still underwater from the previous cycle and are inclined to sell at break even as soon as price reaches that level. This will be the case all the way up to all time high.
However, for INJ once it breaks it's previous ATH there is no sell side pressure as everybody is in profit every time a new ATH is made. This then snowballs into brand new territory, retail likes to FOMO in and smart money takes their profits.
When looking at the last bullrun, CORDANO reached a total market cap of ~110B, if INJ was to do the same it would mean a price of $1100/INJ. Not saying this is going to happen but stranger things have happened.
Very exciting prospect and definitely a project I am anticipating to be one of the best performing in 2024-2025.
ETH - Potential to break up and test 2500Sometimes things move fast. Bitcoin has surged significantly in the past few days, and the cryptocurrency market has followed to some extent. However, the most dominant upward movement is still with Bitcoin when we look at major cryptocurrencies.
A few days ago, I mentioned that I thought Ethereum might go down to a support area. This scenario can still happen if we don't break through the 1800 level in the near future.
But I believe we will break through 1800 and start moving higher, considering the momentum that has entered the market in recent days.
I've been optimistic since the bottom, but in recent weeks, I was also influenced by the negative sentiment circulating in the media. Fortunately, I didn't take any positions based on that. Instead, I saw it as an opportunity because I have a very positive outlook on the market's future.
If ETH breaks through the 2000 level, I see a strong movement toward the 2500 level. This can happen relatively quickly, but Ethereum and other cryptocurrencies always follow Bitcoin with some delay. So it may take a while before this materializes. Timeframes are always challenging to predict, but I can imagine ETH reaching the 2500 level toward the end of the year.
#SOL/USDT 6h (OKX Futures)Ascending trendline breakdown & retestSolana printed an evening star below 100EMA resistance and is pulling back to it, a rejection seems likely from it.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (6.0X)
Amount: 5.0%
Current Price:
19.520
Entry Targets:
1) 19.649
Take-Profit Targets:
1) 17.691
Stop Targets:
1) 20.302
Published By: @Zblaba
CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #PoS solana.com
Risk/Reward= 1:3.0
Expected Profit= +59.8%
Possible Loss= -19.9%
Estimated Gaintime= 5-10 days
Avalanche Oversold Oscillators On The 4 Hourly!Oversold on MACD, RSI, and Stochastic RSI on the 4 hourly time frames. All 3 major oscillators in trough zones. First targets $14.00. Could drop in the lower $12 region though. Anything below $14 is a nice buy for Avalanche. Much peace, love, health, and wealth!
KAS don't miss this one.Hello, everyone
I've noticed KAS sometimes moves inverse to BTC, kind of like LINK did in 2018-2019.
It had a massive run up from February to April, and from then grinded down retracing 70%,
The tech itself is a L1 promising BTC security with SOL scalability.
The chart looks bullish.
Don't fade this one.
GL, stay safe. Stay liquid.
CASPER ABOUT THE BLOW THE ROOF OFF!!!! CSPR showing early indication we could be about to see further upside!
Price swept the liquidity down at .06c and we seen a immediate reaction following this with price forming a daily orderblock and a market structure shift to the upside subsequent running two short term highs.
Now we anticipate price seeing a level of correction coming in the OB and making a higher time frame higher low , as shown on the 4hr were looking to get in the market inside the OB that caused the market structure shift.
ENTRY-0.0655
SL-0.06
TP1-.1381
TP2-MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
Introducing Azero, the Solana Killer.“Aleph Zero is a Proof-of-Stake public blockchain with private smart contracts built from the first principles. We combined an original, aBFT consensus protocol with a privacy framework based on Zero-knowledge Proofs (ZKPs) and secure Multi-Party Computation (sMPC) with the Substrate stack.“