Search results for Supertrend
Crypto
Fed shifts toward September rate hike; key factor for bitcoin this week
Bitcoin posted its first weekly close above $80,000 since May, but analysts say it is too early to treat the level as firm support. The market is focused on U.S. August CPI and PPI data and the Federal Reserve meeting on Sept. 16, as stronger jobs data has shifted rate expectations more hawkishly. Japan’s yen moves and possible bond sales are also seen as factors. Derivatives-led positioning and thin spot demand may limit gains.
Crypto
XRP slips back below $1.36; key levels to reclaim
XRP has fallen back below $1.36, a level seen as a key support, putting its short-term upward trend under pressure. Market attention is on whether XRP can regain $1.36 or whether the pullback widens toward $1.27. Chart analyst Chartnerd said $1.36 has acted as support and $1.47 as resistance, and that a move above $1.40 to $1.43 is needed before retesting $1.47.
Crypto
Solana flashes new buy signal; break above $85 is next upside pivot
Solana has switched to a buy signal on the Supertrend indicator on a three-day chart, raising expectations of a medium-term rebound. The signal marks the first bullish turn since October last year. Solana rose 16 percent to $83.98 after moving above $78 on June 30. Investors withdrew about 1.5 million SOL, worth about $120 million, from exchanges, while new addresses rose by about 1.6 million over three weeks. The key hurdle is the $79 to $85 zone.
