The cryptography market has resumed its downward trend, losing $ 40 billion in market capitalization in the last 24 hours.
In the middle of the wider sale, some altcoins stood out as the most sought after assets during the last day. They include Solana (Sol), Berachain (Bera) and Shadow (Shadow).
Solana (soil)
Solana is a trendy Altcoin, extending its drop in prices for another consecutive day. Trading at a lower of the year of $ 158.88 at the time of the press, the ground price is down almost 10% in the last 24 hours.
The soil decline has pushed its price below a long -term ascending parallel channel for the first time since June 2023. This channel is formed when the price of an asset is constantly moving between two lines of trends parallel upwards , signaling a purchase trend.
However, the floor break below this model confirms the increase in sales pressure, potentially resulting in additional drops if the asset fails to recover the channel. In this scenario, the price of the Altcoin could fall to $ 136.62.
Conversely, if the accumulation of coins resumes, this could cause soil value to $ 220.58.
Berachain (Bera)
Direction 1 (L1) Bera Coin is another trend of active ingredients today. To date, it is negotiated at $ 6.94, down 5% in the last 24 hours.
However, an overview of its performance on an hourly graph reveals a regular increase in Bera’s demand, referring to a potential short -term rebound. For example, its relative resistance index (RSI) broke above the midline and is in an upward trend at the time of the press.
This indicator measures the occurrence of an asset and the exaggerated market. During the configuration in this way, it signals a potential change towards a stronger purchase pressure. This suggests that Bera buyers take control, increasing the probability of a price rebound. In this case, Bera’s price could climb $ 8.62 and come together to summit $ 15.50.
On the other hand, if the decline continues, the price of the room could fall to $ 5.44.
Shadow (Shadow)
Shadow has shaken up the wider trend on the market, climbing 34% in the last day. It is negotiated at $ 160.27 at the time of the press and is about to extend these earnings.
The growing volume on the tank of the token (REBR) on its hourly graph supports this upward perspective. This momentum indicator measures the cumulative pressure of purchase and sale of an asset by adding volume on the days up and subtracting the volume on decrease days.
When it climbs, this indicates a strong purchase interest. This suggests that the price of Shadow can continue to increase as demand increases. If this happens, it could pierce resistance at $ 162.44 to reach $ 210.55.
However, Shadow could lose recent gains and fall to $ 132.68 if request for request.
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