AAVE continues its strong bearish structure with price under all key DEMAs, backed by deeply negative MACD values and RSI readings at or near oversold. The coin shows key floor support at $288, resistance around $312, and a ceiling at $329. The next 24 hours call for sideway action or a shallow bounce to $296–$298, provided support holds and oscillators remain oversold. For 48 hours, a further attempt at $305–$312 is possible if reversal conditions gain traction—downside resumes if the floor breaks. For now, maintain a defensive view, but monitor closely for reversal triggers at confluent support.
Bitcoin is under persistent selling pressure, trading well below all major DEMA averages, with MACD and RSI confirming a strong downtrend across every intraday timeframe. Main support is fragile at $111,400–$112,000, resistance is found at $117,600–$118,600, with a ceiling above $119,000. Over the next 24 hours, expect consolidation and volatility between $111,400 and $114,500 as oversold readings emerge. The 48-hour forecast gives a likely scenario of a bounce to $115,500–$117,000 if short covering accelerates; otherwise, sideways or lower action dominates if support gives way. Most indicators require clear reversal patterns before longer bias shifts to bullish.
Ethereum is entrenched in a bearish phase, with price trading below all key DEMA levels across the board. MACD momentum remains negative and expands lower, while RSI approaches oversold readings, particularly on the 6H and 12H timeframes, hinting at a looming relief rally. Key floor support for ETH is observed around $3,780, with overhead resistance near $4,120 and upper ceiling at $4,320. The 24-hour forecast anticipates consolidation between $3,780 and $3,850 with a possible test of resistance if sellers weaken. Over 48 hours, expect a potential bounce toward $3,900–$4,000 if oversold signals attract bids—otherwise continued choppy trade below $4,000 dominates. The current bias is bearish, but odds favor a technical bounce if price stabilizes above the $3,780 floor.
SOL (Solana):
Solana’s trend remains strongly bearish on all timeframes, as demonstrated by price consistently below DEMA indicators, negative MACD values, and ADX confirming seller dominance. Immediate support lies at $180, with resistance at $202–$210 and the main ceiling at $218. The 24-hour outlook calls for a test and defense of $180 support, with a bounce to $186–$188 possible only if oversold SRSI and RSI prompt buyer response. For 48 hours, the most probable scenario is a relief rally toward $190–$198, particularly if the $180 floor remains intact and reversal indicators emerge. A break below $180 would lead to renewed weakness. Strategy: Wait for confirmation signals at support—trend remains cautious but ready for a technical reversal.
Disclaimer
The content in this publication is for informational and educational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor.
Any opinions, strategies, or analyses shared reflect my personal views and experiences. I may hold positions in the cryptocurrencies mentioned (e.g., BTC, ETH, SOL), which could influence my perspective.
Cryptocurrency markets are highly volatile and involve significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.
No guarantees are made regarding the accuracy, completeness, or profitability of any information provided. All opinions are subject to change as new information becomes available.
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