Crypto Market Red Day — Solana, BNB and MAGACOIN FINANCE Poised for Major Rebound
The post Crypto Market Red Day — Solana, BNB and MAGACOIN FINANCE Poised for Major Rebound appeared on BitcoinEthereumNews.com. After weeks of bullish momentum and record-breaking highs, the crypto market is down today, sparking concerns and shaking investor confidence. But not all is lost. History shows that red days often lead to green rebounds—and smart investors are already eyeing Solana (SOL), Binance Coin (BNB), and MAGACOIN FINANCE as the top altcoins to buy for the next breakout. We might want to find out if this correction is just a passing phase and also learn about the three altcoins that are in a position to rebound and regain their strength. What’s Happening in the Crypto Market? The total crypto market cap surged to new all-time highs last week but is now showing signs of exhaustion. Key indicators point to a potential short-term correction, with technical formations like shooting star and evening star patterns appearing across weekly charts—both typically bearish signals. Major momentum indicators like the RSI and MACD have also formed bearish divergences, a rare sign that usually precedes a deeper pullback. Market analysts suggest that if the total crypto market cap closes below $3.66 trillion, we could see it fall further toward the $3.26–$3.47 trillion range. Source: Coinglass The altcoin sector looks even more vulnerable, with wave count analysis indicating a potential wave four correction—a natural pause in a five-wave bull cycle. Data from Coinglass shows that the crypto market witnessed total liquidation of over $567 million in the last 24 hours. Of this, bulls liquidated nearly $484 million worth of long-positions. But rather than triggering panic, this kind of price action often presents the best entry points for investors seeking long-term gains. Solana (SOL): Scaling Up and Ready to Rip Solana is one of the most promising networks for high-performance DeFi, NFTs, and real-world blockchain applications. While SOL recently dipped from $191 to $180, this short-term move…
The post Crypto Market Red Day — Solana, BNB and MAGACOIN FINANCE Poised for Major Rebound appeared on BitcoinEthereumNews.com.
After weeks of bullish momentum and record-breaking highs, the crypto market is down today, sparking concerns and shaking investor confidence. But not all is lost. History shows that red days often lead to green rebounds—and smart investors are already eyeing Solana (SOL), Binance Coin (BNB), and MAGACOIN FINANCE as the top altcoins to buy for the next breakout. We might want to find out if this correction is just a passing phase and also learn about the three altcoins that are in a position to rebound and regain their strength. What’s Happening in the Crypto Market? The total crypto market cap surged to new all-time highs last week but is now showing signs of exhaustion. Key indicators point to a potential short-term correction, with technical formations like shooting star and evening star patterns appearing across weekly charts—both typically bearish signals. Major momentum indicators like the RSI and MACD have also formed bearish divergences, a rare sign that usually precedes a deeper pullback. Market analysts suggest that if the total crypto market cap closes below $3.66 trillion, we could see it fall further toward the $3.26–$3.47 trillion range. Source: Coinglass The altcoin sector looks even more vulnerable, with wave count analysis indicating a potential wave four correction—a natural pause in a five-wave bull cycle. Data from Coinglass shows that the crypto market witnessed total liquidation of over $567 million in the last 24 hours. Of this, bulls liquidated nearly $484 million worth of long-positions. But rather than triggering panic, this kind of price action often presents the best entry points for investors seeking long-term gains. Solana (SOL): Scaling Up and Ready to Rip Solana is one of the most promising networks for high-performance DeFi, NFTs, and real-world blockchain applications. While SOL recently dipped from $191 to $180, this short-term move…
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