Since it falls below the important sliding medium, the stellar are in a difficult position: a 50 EMA asset, which decides the level of support during its last ascending trend, was violated below. Emphasizing the growing bear bear, this step question whether the recent price movements are stable. The fact that XLM also fell below 26 EMA, another important indicator, which usually serves as a dynamic level of support during bull tendencies, is even more connected.
These violations taken together indicate the absence of an impulse and subject the asset to an additional decrease. Since the price action is still unstable, and buyers may try to regain control in the near future, the breakdown has not yet been checked. From a technical point of view, XLM is now in a critical situation. Sale pressure may increase if the asset cannot rise above 26 EMA. The next level of support is located at $ 0.31, close to 100 EMA.
For long -term investors, a clear breakdown below this level can subject the XLM more significant correction by 200 EMA at 0.24 dollars. Conversely, a reliable rebound above 50 EMA can support bull moods and lay the way for re -testing the resistance level at 0.44 dollars.
There is a potential for the movement of prices in any direction, since RSI currently soars close to neutral territory. The situation requires caution, even if the breakdown below these key indicators has not yet been completed.
The problem symptoms of Solan
Solan demonstrates the symptoms when it approaches the decisive 200 EMA, which is often considered as the last line of protection before the asset enters the bear market. Now Solana is on a turning point, which can affect his course in the middle. Investors’ confidence was already destroyed by a recent decline below 50 and 100 EMA, which indicates a weakening of the impulse up.
Test 200 EMA, which is currently trading about $ 179, is approaching, putting Solana in a risky position. SOL endanates to go to the bear phase, and lower prices become more likely if this support breaks down. The collapse can be directed to the range of $ 150-160, which further undermines the latest asset profit.
Other cryptocurrencies saw sporadic rallies, but Solan had problems with the restoration of their bull impulse. The universal volume of bidding and the relative force (RSI) index, which passes into bearish territory, confirms the theory that Sol mileage may have already ended. Significant recovery after 200 EMA in combination with an increase in volume and fresh percentage of the purchase will be required for SOLANA to restore your bull impulse.
A re -test of the resistance level from 200 to 210 US dollars, which is an important level for monitoring of any recovery indications, can be possible if there is a change. The market structure is currently weak, however, as evidenced by the fact that Solan has reached 200 EMA. This implies that the asset has lost a significant amount of a kind of impulse, when the buyers, according to the visible, are exhausted after an impressive rally at the end of 2024.
Ethereum in big problems
Ethereum price performance indicates serious problems, since the asset continues to decline. Ethereum, which is currently traded at the level of $ 3162, has overcame important sliding environments such as 100 EMA, and it is dangerous near 200 EMA, which is $ 3110. Ethereum can move further into an unfavorable territory, if this level is broken, which can signal a long bear tendency.
The metrics in the chain represent a similar alarming image. From the moment of merger, the proposal of Ethereum is growing steadily. The supply of Ethereum is currently 120 million – only 32,457 ETH is less than it was before the merger. Ethereum can soon eliminate the deflation advantage caused by switching to the proof of the stake, since supplies increase by about 45,000 ETH every month.
This model suggests that there was no much demand for ETH, which prevented a balance of continuous release. Unlike the deflation expectations established during the merger, the dynamics of the Ethereum proposal has been inflational over the past 10 months. Despite the macroeconomic factors, such as a decrease in bets, temporarily increasing the activity of customers in mid -2024, this shift is aggravated by low activity in the chain and the absence of sustainable demand.
In addition, the Ethereum burning mechanism, which at first created deflation pressure, is experiencing problems with counteracting releases. Technically, there are many resistance for Ethereum from 3416 to 3570 dollars. To start recovery, the bulls had to return these levels. Nevertheless, the probability of rapid recovery seems thin, given the decrease in volume and the worsening RSI, which is concentrated about 37.
