menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Price Anal...
source image

Tokenhell

2M

read

59

img
dot

Price Analysis September 17th, 2024 – BTC, BNB, ETH, SOL, and ADA

  • Bitcoin failed to cross above $60,000, indicating low demand at higher prices due to uncertainty over the Fed Reserve's decision on interest rate cut.
  • WhaleWire CEO argues that interest rate cuts are not good for the economy and risky assets, cautioning crypto investors.
  • BTC might head towards the $55,723 support level if it remains below $60,000 for longer.
  • Ethereum faces selling pressure and might dip to $2,109.38, but a breach above $2,413 can lead to a rally towards $2,848.22.
  • BNB traders anticipate a breakout from the $462 - $636.70 range. Bulls need to stay above $636.70 for a potential rally to $723.40.
  • Solana struggles against selling pressure but holds above a crucial support level. A successful test at the 50-day SMA could push SOL towards $200.18 resistance.
  • Cardano faces intense selling at higher prices and is forming a bearish descending triangle pattern. A downtrend to $0.2497 support is likely.

Read Full Article

like

3 Likes

For uninterrupted reading, download the app