This is what Ada merchants say, Doge, Sol

Bitcoin (BTC) and the main cryptocurrencies fell more than 3%, since the profits followed the rally of Tuesday.

The general capitalization of the Cryptoe market fell 3.3% in the last 24 hours, with BTC sliding to almost $ 83,500 from a high over $ 84,200 per day before. Ethher (eth) and Cardano’s ada fell up to 5% for leadership losses between specialties.

The cryptocurrency market added 8% for 7 days, stabilizing at the level of $ 2.7 billion since Saturday.

Alex Kuptsikevich of FXPro says that a higher movement could reinforce the hopes of greater profits, but these expectations “will only be confirmed after a solid consolidation above the 200 -day mobile average, which is now about $ 2.97 billion.”

“Bitcoin continues its cautious increase, which is being operated above its 50 -day mobile average and reaching $ 85,700. This is an important technical attempt to reverse the bearish trend. Interestingly, the average of 200 days is quite close, so a second confirmation of a confirmation of a trend change could appear quite fast,” Kuptsikevich said, and added that Bitcoin had entered a Resistance accumulation zone where the “strength of the initial reduction of refunds may more”.

The sun of Solana shows strength in an oppressed market, which makes it mature for a higher movement if general conditions improve.

“Solana is recovering faster than many of the main Altcoins, which lies to its 50 -day mobile average about $ 130. A consolidation above this level will open the way to $ 145, the area of ​​the previous peaks. A sustained movement above them will indicate a break from the downward trend and could lead to a movement towards $ 180,” Kuptsikevich said.

In a more pessimistic approach, the prominent market of market Peter Brandt is not optimistic about the establishment of new maximum bitcoins in the current cycle.

“A rape of the trend line does not mean a transition from the BTC trend sorry,” said the merchant in an X position in response to the feeling for a bullish rebound.

Trending lines are a subjective and less reliable price action analyst method than mobile averages or key levels. A break, used in conjunction with technical analysis, could insinuate a change in movement.

This is how the ideas of the market driven by some specialties are seen on Wednesday.

Dogecoin prices analysis as whales accumulate 800m dux

• Dogecoin whales have accumulated more than 800 million Dux in the last 48 hours, indicating the potential confidence in the short -term perspectives of the asset, according to the data.
• Currently, Doge is quoted at a critical situation of around $ 0.154- $ 0.155, with immediate resistance to $ 0.157 and a crucial support at $ 0.153 that must maintain to avoid a greater decrease.
• Doge experienced significant volatility, reaching a peak of $ 0.169 before entering a descending tendency pronounced with lower and lowest lower ups and downs than April 14.
• The support levels established around $ 0.155 have been tested repeatedly, with volume peaks that coincide with the main price movements.
• The 48 -hour Fibonacci setback shows that the price is currently looming near the level of 0.618, which suggests a possible consolidation before the next directional movement.
• There was a sale of a sale in 05: 05: 24, and the price collapsed 1.1% in just five minutes with an exceptionally high volume (15.3 m in a single minute).
• The posterior rebound formed a double potential fund at $ 0.153, with a price that currently consolidates around $ 0.154.
• The volume analysis shows a clear distribution before falling and accumulation during the attempt to recover.

Solana shows consolidation

• The recent price action shows sun volatility as geopolitical factors create market uncertainty.
• Solana (Sol) experiences a significant volatility of prices, consolidating between $ 125- $ 132 after an increase of 13.7% of $ 119.59 to $ 136.01.
• Solana leads the decentralized exchange volumes (DEX), surpassing Ethereum for three consecutive days with $ 2.43 billion in commercial activity.
• Recent negotiation shows that Sol consolidates between $ 125 and $ 132, with key support established at $ 125.25.
• The volume analysis reveals a decreasing purchase interest after the initial rally, which suggests market indecision.
• The 50 -hour mobile average at $ 129.80 now serves as a critical pivot point.
• Fibonacci setback levels indicate a potential support at $ 127.40 (38.2%) if current levels are not maintained.

Cardano sees 8% belly in volatile session

• Ada experienced significant volatility, increasing from $ 0.618 to a peak of $ 0.667 (range of 8.0%) before undergoing substantial correction.
• Recent trade shows that Ada consolidates between $ 0.605- $ 0.615, with a higher volume during movements down, suggesting continuous bearish pressure.
• Commercial data reveals an increasing volume during downward price movements, which suggests a persistent sales pressure despite over -sales conditions in the impulse indicators of 48 hours.
• While it seems that some accumulation occurs at lower levels, potentially forming a basis for recovery, ada now faces a significant general resistance of the 200 -hour mobile average.
• The 200 -hour mobile average now acts as a resistance to the head, which reinforces the bearish trend. The 48 -hour impulse indicators reveal overlamp conditions, which potentially offer short -term relief.
• The volume increased significantly during movements down, confirming the sales pressure.