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Crypto Hot News Solana, EOS, Tezos Price Analysis: 12 April

Hot Crypto News Today Solana, EOS, Tezos Price Analysis: 12 April You Must Read To Get More Information For Trading and Investment.

The crypto market saw a huge wave of selling over the past two days. Bitcoin fell by nearly 10% from $43.3k to $39.8k, and Solana and Tezos also posted similar losses. Solana has been in a near-term downtrend since the bearish retest of $136. EOS and Tezos also had a bearish outlook on the shorter timeframes. Yet, the day after a sharp drop sometimes presents buying opportunities.

Solana (SOL)

Crypto Hot News Solana, EOS, Tezos Price Analysis: 12 April

SOL has been in a downtrend over the past week and was trading at the $100 area at the time of writing. The $98-$100 area has acted as support in the past, and SOL could see a bounce from this area.

The RSI was at 31.15 and showed strong bearish momentum. The OBV has also been in a downtrend in the past ten days, to show that selling pressure has been much stronger than the buyers. A bounce toward $108 could occur. The $105-$108 area could see selling pressure intensify once more.

EOS

Crypto Hot News Solana, EOS, Tezos Price Analysis: 12 April

EOS has also displayed strong bearish momentum in recent days coupled with heavy selling volume in the market. The Awesome Oscillator was beneath the zero line, while the A/R line was moving sideways in the past couple of days. This could hint at a bounce toward $2.3.

The Fibonacci extension levels (yellow) plotted based on EOS’ move down from $2.34 to $3.06 showed the 27.2% and 61.8% extension levels to lie at $2.15 and $1.9.

Another session close beneath $2.15 would likely see EOS descend toward $1.9.

Tezos (XTZ)

Crypto Hot News Solana, EOS, Tezos Price Analysis: 12 April

The RSI and the price movement on the hourly chart showed a bearish divergence. The CVD also climbed into positive territory to denote the buying pressure to be just barely stronger than the selling pressure.

The $3.1-$3.17 area (red box) could pose resistance to an XTZ bounce. To the south, the $2.84-$2.9 area could offer support. Hence these areas can be selling and buying opportunities in the next few days.

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Written by thegamefi

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