Breakdown Or Bear Trap? BNB Loses Trendline But Flashes Strong Rebound Signals
BNB has slipped below its long-standing bullish trendline, raising fresh concerns about a deeper pullback. However, the selloff is unfolding right into a key support zone, where multiple technical signals hint that buyers may be preparing for a counter-move. With breakdown risk clashing against early rebound signs, BNB now sits at a pivotal moment that could define the next major move. Bullish Trendline Break Signals A Change In BNB Market Character According to crypto analyst Marcus Corvinus, BNB has just experienced a significant structural shift by losing its long-held bullish....
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SOL price can preserve the bullish bias, however, as its two multi-month support levels converge for the first time. Solana (SOL) dropped on May 26, continuing its decline from the previous day amid a broader retreat across the crypto market.SOL price pennant breakdown underwaySOL price fell by over 13% to around $41.60, its lowest level in almost two weeks. Notably, the SOL/USD pair also broke out of what appears to be like a "bear pennant," a classic technical pattern whose occurrences typically precede additional downside moves in a market.In detail, bear pennants appear when the price....
The bear flag setup for SOL price could result in another interim relief rally amid macro headwinds. Solana (SOL) dipped to a two-week low at around $35.50 on July 26, mirroring downside moves elsewhere in the crypto market. Nonetheless, the technicals suggest that Solana's price flirts with the prospects of rising 40% in August.SOL hits key inflection pointIronically, the bullish setup for Solana emerges out of a classic bearish continuation pattern.On the daily chart, SOL's price has been consolidating inside what appears to be a "bear flag," a technical pattern that develops during a....
More than 50% of AAVE's recent gains appeared after Aave Companies proposed to launch a native stablecoin. The price of Aave (AAVE) has more than doubled in a month, but its bullish momentum could be reaching a point of exhaustion.AAVE price tests key inflection levelNotably, AAVE has surged by over 103% after bottoming out locally at $45.60 on June 18, hitting almost $95.50 this July 15. Nevertheless, the token's sharp upside retracement move has brought its price closer to the level that triggered equally sharp pullbacks since early June.In other words, AAVE has been testing an ascending....
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