The following are the contents of this page.
You can also find out more about the following: Bitcoin The roller coaster market has been unnerved by another plunge, with the cryptocurrency breaking through the $60,000. The market was not expecting this recent drop, which saw the crypto dip its toes in the $58,000 area. Some panic has been caused by the fall below what was considered to be a strong support level of $60,000, which many thought would hold.
The unsettling movements could be seen as dark clouds, but the faithful crypto enthusiasts are keeping a close eye on the calendar. Bitcoin halving. This event, scheduled for April 20th, is known to shake up markets in unpredictable ways. Halfing the supply could lead to a tightening of supplies and possibly swing the market back towards higher prices.
![BTCUSD](http://u.today/sites/default/files/inline-images/image_699.png)
If we magnify the chart, it’s easy to see that Bitcoin will soon test its next level of support at $58,572, which is just a few feet away from where it currently stands. The next support level is $50,319, which would be the area where it could continue to fall if this line fails.
Bitcoin is not dead yet. It might be able to return to the comfort zone it was in before it fell. First, it will need to regain ground over this crucial level. Then the next goal is the $68,789 mark. This could be the obstacle that prevents the return of the stock’s previous highs.
Ethereum bids farewell
Ethereum’s A slide under $3,000 sends a message. This tells us the price increases were a result of a deteriorating confidence. Even the most ardent supporters are a little nervous.
There are some key levels which could indicate where the market is headed. Ethereum is currently testing the water below the $3,000 mark. The next level could be at around $2,800 if it doesn’t climb up quickly. This point might offer resistance against the drop. If Ethereum ever finds its footing again, the next floor to watch is $3,200. This will be the battle that needs to be won for any recovery hope.
It is possible that ETH will continue to drop, particularly if the price does not rise quickly above $3,000. It is still too early to rule out the possibility of a halving. The market could be swung in the bulls’ favor sooner than expected if there is a surge in inflows.
Solana is still suppressed
Solana, The cryptocurrency, which has long been on the radar of many investors, shows signs that it is under pressure. SOL, after a long period of expansion, has now slipped below what used to be a solid support level, around $130. This is causing concern. Prices could be in trouble if they continue to fall and drop below $100.
RSI, moving averages and other indicators of recovery that traders use to gauge the market’s health have all been broken. Solana is currently struggling to establish a solid footing in the Price:.
Situation looks very tense. The support of $130 is now history. Next, we will reach $100.
Not all is lost. It is possible for the situation to change. If Solana can rally and overcome resistance, especially around $150, it could serve as a ladder for the company to rise from its present position.
Solana’s future isn’t set in concrete. It might regain momentum if it gains strength and breaks through these resistance levels. If it falls further, the fall below $100 will be a harsh reality check to the coin’s investors.