Here is what traders say for Ada, Doge, Sol

Bitcoin (BTC) and major cryptocurrencies have dropped by more than 3% while the profit followed Tuesday’s rally.

The global market capitalization of cryptography fell by 3.3% in the last 24 hours, BTC slipping at almost $ 83,500, going from more than $ 84,200 per day earlier. Ether (ETH) and Ada de Cardano dropped up to 5% to carry out losses among the majors.

The cryptocurrency market has added 8% over 7 days, stabilizing at 2.7 billions of dollars since Saturday.

Alex Kuptsikevich of FXPro claims that a higher movement could strengthen hopes for new gains, but these expectations will only be confirmed after a solid consolidation greater than the 200 -day mobile average, which is now nearly 2.97 billions of dollars. “

“Bitcoin continues its prudent rise, exchanging its 50 -day mobile average and reaching $ 85,700. This is an important technical attempt to reverse the downward trend. Interestingly, the 200 -day average is quite close, so a second confirmation of a trend change could come fairly quickly where Kuptsikevich added that Bitcoin had heard a resistance resistance area where” resistance of the initial rubound can go. “”

Solana’s soil shows force in an oppressed market, which makes it ripe for a higher movement if the overall conditions improve.

“Solana recovers itself more quickly than many of the main altcoins, trading at its mobile average of 50 days almost $ 130. A consolidation above this level will open the way to $ 145, the area of ​​previous peaks. A sustained movement above them will signal a break in the downward trend and could lead to an evolution around $ 180”, noted Kuptsikevich.

On a more pessimistic approach, the prominent market chartist Peter Brandt is not optimistic about the bitcoin of new heights in the current cycle.

“A violation of the trend line does not mean a transition from the Sorry BTC trend,” said the merchant in a post X in response to the feeling of a bond rebound.

Trendy lines are a subjective price analyst method and less reliable than mobile averages or key levels. A break, used in tandem with technical analysis, could refer to a change of movement.

Here is what information on the AI ​​market focused on some majors on Wednesday.

Dogecoin prices analysis while whales accumulate 800m DOGE

• Dogecoin whales have accumulated more than 800 million DOGE in the last 48 hours, reporting potential confidence in the short -term perspectives of the assets, according to data.
• DOGE is currently negotiating at a critical stage of around $ 0.154 to $ 0.155, with immediate resistance to $ 0.157 and crucial support at $ 0.153 which is due to avoid a new drop.
• DOGE has experienced significant volatility, reaching a peak of $ 0.169 before entering a pronounced downward trend with lower ups and lower stockings since April 14.
• The support levels established around $ 0.155 were tested several times, the volume tips coinciding with the main price movements.
• The 48 -hour fibonacci retracement shows the price that currently oscillates near the level of 0.618, suggesting potential consolidation before the following direction.
• A net sale occurred between 05: 19-05: 24, with a fall price of 1.1% in just five minutes with an exceptionally high volume (15.3 m in a single minute).
• The subsequent rebound has formed a potential double background at $ 0.153, the price is currently consolidating around $ 0.154.
• The volume analysis shows a clear distribution before the drop and accumulation during the recovery attempt.

Solana shows consolidation

• A recent price action shows that the volatility of soil navigation as geopolitical factors create market uncertainty.
• Solana (soil) undergoes significant price volatility, consolidating between $ 125 and $ 132 after an increase of $ 119.59 to $ 136.01.
• Solana leads decentralized exchange volumes (DEX), exceeding Ethereum for three consecutive days with $ 2.43 billion in commercial activity.
• The recent trading shows a soil consolidation between $ 125 and $ 132, with a key support established at $ 125.25.
• The volume analysis reveals a decrease in the interest of purchases after the initial rally, suggesting market indecision.
• The 50 -hour mobile average at $ 129.80 now serves as a critical pivot point.
• Fibonacci trace levels indicate a potential support at $ 127.40 (38.2%) if the current levels do not hold.

Cardano sees 8% belly belly in volatile session

• ADA experienced significant volatility, from $ 0.618 to a peak of $ 0.667 (8.0%) for a substantial correction.
• The recent trading shows that ADA consolidating between $ 0.605 and $ 0.615, with increased volume during downward movements suggesting a continuous bearish pressure.
• Negotiation data reveals a growing volume during downward price movements, suggesting persistent sales pressure despite the surveillance conditions on 48 -hour momentum indicators.
• While a certain accumulation seems to occur at lower levels, potentially forming a recovery base, the ADA is now faced with a resistance of significant general costs from the 200 -hour mobile average.
• The 200 -hour mobile average now acts as resistance to general costs, strengthening the downward trend. The 48 -hour Momentum indicators reveal Surolon conditions, potentially offering short -term help.
• The volume increased significantly during downward movements, confirming the sales pressure.