We might be seeing a short-term correction, as the USDT supply is rising again and both ETH and BTC failed to break through their resistance levels — while Solana did. A brief pullback is possible, especially considering that the main reason behind the breakout was recent news about Trump. That could mean the breakout was a fake move or part of a temporary trend.
The three major currencies that usually drive the market are currently showing less bullish momentum for the coming days — except for Solana, which successfully broke its resistance. However, Solana isn’t continuing to climb either, likely because we still need a breakout from both ETH and BTC to confirm the move.
The three major currencies that usually drive the market are currently showing less bullish momentum for the coming days — except for Solana, which successfully broke its resistance. However, Solana isn’t continuing to climb either, likely because we still need a breakout from both ETH and BTC to confirm the move.
Building and managing multiple projects | Trader & Analyst with 5+ years of experience
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Building and managing multiple projects | Trader & Analyst with 5+ years of experience
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.