In a volatile week for the cryptocurrency market, Solana (SOL) is at risk of declining further to $140, and Ethereum (ETH) could see additional losses if it fails to hold a key support level. Amidst this turbulence, Furrever Token (FURR) stands out with a promising projection of 15X gains post-presale. While major cryptocurrencies struggle, Furrever Token has successfully raised over $1.3 million in its presale and has captured investor interest with its engaging, cat-themed approach. As Solana and Ethereum face potential downturns, Furrever Token offers a unique and lucrative investment opportunity.
Solana (SOL) Decline Could Extend to $140
Solana (SOL), the fifth-largest cryptocurrency by market capitalization at $73.32 billion, started the day yesterday at $157.83, tested $163.04, and closed the day at $162.12, marking a 2.72% increase. Beginning the new week on a negative note, Solana (SOL) is currently trading at $159.20, down 1.80%.
Solana (SOL) Daily Chart Analysis
Solana (SOL), the fifth-largest cryptocurrency by market cap, ended its prolonged movement within the $116.00-$164.50 range and surged to $189. After facing selling pressure at $189, Solana (SOL)’s daily chart indicates a continued decline, currently trading below the EMA55 at $160.41. If it continues to trade below the EMA55 support, Solana (SOL) could pull back to the $140.82 support level. For Solana (SOL) to resume its upward trend, it needs to break above the critical resistance level of $164.50 and close above it on a daily basis.
Potential Decline for Ethereum (ETH) If Key Support Level Fails
Ethereum (ETH), the second-largest cryptocurrency with a market capitalization of $441.25 billion, began the last day of the week at $3,680.6, tested $3,721.0, and ended the week at $3,706.0, marking a 0.69% increase. As the new week started, Ethereum (ETH) faced selling pressure and is currently trading at $3,669.5, down 0.98%.
Ethereum (ETH) Technical Analysis
Trailing only Bitcoin (BTC) in market cap, Ethereum (ETH) commenced a downward trend in March from $4,000, which continued down to the $2,858 support level. A sharp rise followed the spot ETF approval news, allowing Ethereum (ETH) to break out of its two-month downtrend and trade within the $3,750-$3,950 range for the past three weeks (indicated in purple on the chart). However, post-release of the Non-Farm Payroll data from the US, Ethereum (ETH) dropped below this range due to the selling pressure impacting Bitcoin (BTC) and is now holding at the EMA21 support level of $3,667.4. Should it close below this EMA21 support, the selling pressure on Ethereum (ETH) could intensify. Conversely, if it moves back into the purple zone, this could signal a safer trading range for Ethereum (ETH).
Furrever Token (FURR) Projects Massive 15X Gains After Presale
Furrever Token (FURR) sets itself apart in the cryptocurrency market by capitalizing on the charm of adorable cats, providing a delightful and engaging investment option. The project has successfully raised over $1.3 million during its presale, generating significant excitement. Currently priced at $0.000732, Furrever Token is anticipated to surge by over 1500% after the presale ends, offering a lucrative opportunity for investors seeking substantial growth.
The credibility of Furrever Token is strengthened by its smart contract, thoroughly audited by Securi Lab, the absence of buy/sell taxes, and a commitment from the team to lock their tokens for a year. These measures have fostered a strong community presence, with nearly 4,000 members actively participating on Telegram.
Furrever Token aims to create a heartwarming crypto environment featuring cat-themed stickers, emojis, and visuals, carving out a unique niche in the market. Its focus on community and enjoyment provides a refreshing break from more technical and serious crypto projects, appealing to investors looking for both significant returns and an enjoyable investment experience.
Visit furrevertoken.com to secure your tokens and join this exciting venture. Investors interested in this opportunity should contact only the official support at support@furrevertoken.com to avoid potential scams.
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