Whispers of a Turn for Solana (SOL) and Polkadot (DOT) Stir Crypto Curiosity | More News | CryptoRank.io

Tags

Top Highlights

• ndicators like the 3-10 day MACD oscillator are hinting at a possible deceleration in momentum, as the oscillator shows stalling signs around the $4.75 area. This could mean that the ascent of DOT may require a strong catalyst to breach the $4.85 resistance convincingly.

• The crypto market has recently caught a wave of positive momentum, pushing its overall value past the $1.3 trillion threshold – a robust sign of health for digital assets. Ethereum has been at the forefront of this rally, with a substantial gain, rekindling interest in the $2.000 level. Despite a brief dip of Bitcoin under $35.000, the market's mood remained upbeat, bolstered by the potential of a U.S. Bitcoin ETF and the Fed's current stance on interest rates.

• Solana (SOL): FTX Moves Stir Sell-Off Speculation

• whispers of FTX's alleged transfer of a staggering 750,000 SOL tokens to Binance hint at the start of a sell-off. This unsettling development has sent a quiver through the price of SOL, which has seen a modest retreat over the past 24 hours. Investors are on high alert, parsing through the tea leaves to predict the impact of FTX’s moves on the asset’s liquidity and price stability.

• Solana (SOL) finds itself delicately perched between $38.20 and $42.15

• $43.48 level, which marks the next resistance

• As the market digests the latest news from FTX, the direction of the next major move of SOL hangs in the balance

• Polkadot (DOT) stands out with its continuous developmental efforts. The recent Messari report points to the imminent completion of Polkadot 1.0, a precursor to the much-anticipated Polkadot 2.0. The rollout of these advancements is incredibly well-timed

• Polkadot (DOT) is currently oscillating between $4.52 and $4.85

• esistance zone is closely aligned with the one-month high of $4.9, suggesting that a break above could signal a strong uptrend, potentially challenging the 13-week high near $5.1.

• supports at $4.52 and $4.42