SOL 4H is currently holding near its ascending trendline support, making this a critical zone. Momentum looks weak, and if price breaks below the trendline, a move toward $140 is likely.
Increased selling pressure could then push SOL down to the $136 - $132 support zone.
As long as the trendline holds, a short-term bounce is possible, but a clear breakdown would signal bearish continuation. $SOL
It won't be easy but i will try to reach 100$ within a month my family always say you can't make it Family : You can't be Rich But With My Patience , Confidence and Understanding (Knowledge) About Crypto will guide me In shaa Allah
InfoFi tokens are dead. Pivot now or die with KAITO, TRAC, COOKIE, BMT, BARA, OM. It's not bad news. Death happens to bring life. Determine the next step to take.
InfoFi is Data monetization is dead with X APi revoke. Other infoFi features: AI integration, Web3 infrastructure, and real-world assets tokenization are still very key in the crypto and blockchain industry.
NEW: 🇺🇸 US Senate Banking Committee postpones Bitcoin and crypto market structure legislation markup after Coinbase and others withdrew their support for the bill 👀
For now, short term holders (STHs) remain highly sensitive to market fluctuations, even if the current move can be classified as a technical rebound.
👉 Some appear to be taking advantage of this positive price action to already realize profits.
As price approaches their realized price, currently around $102,000, their behavior seems to be increasingly focused on capital preservation.
On January 6, as BTC reached $94,000, a price level that had not been revisited since mid November, STHs sent more than 30,000 BTC in profit to exchanges.
💥 This behavior was even more pronounced yesterday, with over 40,000 BTC in profits sent to exchanges as BTC broke above $97,000.
STHs remain clearly impacted by the recent correction, and it seems that more upside and stronger confirmation will be needed to rebuild confidence and generate enough unrealized profits to encourage them to hold rather than sell.
$BTC
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