๐ Why this setup? โข SOL remains above its major EMA structure โข EMA 7 > EMA 25 > EMA 99 on the 4H chart โข $117โ118 is the immediate area I'd want to see buyers defend โข $120+ is the first major breakout/rejection area โข $123+ becomes the next upside objective if momentum continues
Risk/Reward: Entry ~$118.05 โ SL $115.80 = ~$2.25 risk TP1 $120.80 = ~$2.75 reward TP2 $123.30 = ~$5.25 reward That's approximately 1.2R to TP1 and 2.3R to TP2. โ ๏ธ Important: I would NOT enter simply because SOL touches $118. The setup becomes more interesting if the price pulls back into the zone and shows a bullish 4H reaction/reclaim.
Binance has acquired a $100 million stake in Circle, the issuer of USDC, in a move that deepens the relationship between two major players in the stablecoin ecosystem.
Why does this matter? ๐
๐น Stablecoins are becoming a bigger part of crypto infrastructure ๐น USDC is one of the industry's major dollar-backed assets ๐น Binance is strengthening its position around stablecoin liquidity and payments ๐น The deal highlights how exchanges and stablecoin issuers are becoming increasingly interconnected
At the same time, the European Central Bank and EU central banks are proposing changes to how stablecoin reserves should be structured under MiCA.
The bigger question: Are stablecoins becoming the real financial infrastructure layer for the next phase of crypto?
The macro breakdown we anticipated has triggered. The hot U.S. CPI data has forced a deep market flush, dropping Solana ($SOL) down to $90.80 (roughly 333.23 AED), representing a sharp daily drop of -3.39%.
The chart reveals that the "liquidation hunt" successfully swept straight through the $94 support floor to hunt the deep liquidity pockets we identified earlier.
* The Moving Average Breach: The price has cleanly cut below both the EMA(7) ($93.07) and the EMA(25) ($93.79). These lines have now turned into a heavy overhead resistance zone.
* The Safety Net Test: The price crashed straight down to the EMA(99) at $89.86. The long wick on the current 4-hour candle shows that buyers are actively stepping in right at this line to defend the long-term trend.
* MACD Capitulation: The MACD histogram has printed its deepest red bars yet (-0.79). The DIF (0.06) is plunging sharply toward the zero line below the DEA (0.85). This confirms that short-term sellers are in absolute control of the current momentum.
* Extreme Oversold RSI: The RSI(6) has collapsed into deep oversold territory at 25.62. This is the lowest RSI reading we have seen during this entire macro structure. While the price drop looks scary, an RSI below 30 on a 4-hour chart is historically where localized selling exhaustion peaks, making a short-term relief bounce highly probable.
* The Golden Buying Opportunity: The price is now sitting precisely inside the $89.72โ$93.32 macro-support cluster we mapped out on the daily chart. If the daily candle manages to close above $89.86 (EMA 99), the structural macro breakout remains valid despite the liquidation flush.
Immediate Levels
Immediate Overhead Resistance$93.07 โ $93.79 The EMA(7) and EMA(25) cluster. Must reclaim this to neutralize the drop.Current Price $90.80 Stabilizing at the bottom of the liquidation sweep.
Line in the Sand Support $89.86-The 4-hour EMA(99). A structural close below this invalidates the short-term recovery.
| Major Historical Floor $84.29-The structural base from late April if the macro support fails. #USPPISurge
The latest update shows Solana ($SOL ) holding at $94.75. We are currently in a "Wait and See" zone as the price is trapped between two major moving averages. The "Squeeze" Analysis The Moving Average Trap:Resistance ($95.26): The EMA(7) (yellow line) is now pushing down on the price. To regain bullish momentum, we need a 4-hour candle to close above this line. Support ($94.15): The EMA(25) (pink line) is holding firm as the floor. This is the "Line in the Sand"โif the price closes below this, the short-term uptrend is officially broken. MACD Weakness: The MACD histogram has deepened further to -0.43. This indicates that the downward pressure hasn't fully subsided yet. The gap between the DIF (1.21) and DEA (1.64) is still wide, suggesting we might see more sideways "choppy" movement before a clear direction is chosen. RSI Reset: The RSI(6) is at 43.87. This is very healthy. Itโs no longer overbought, but itโs also not quite "oversold" enough to trigger an automatic bounce. It has room to move in either direction. Key Fundamental Newsโ"FTX/Alameda Distributes Unstaked SOL to Multiple Addresses"โis likely the cause of this current price "drag."Impact: When large amounts of SOL are moved by FTX liquidators, it creates a "fear of selling pressure" (FUD). However, these distributions are often planned and OTC (over-the-counter), meaning they don't always result in immediate market dumping. Immediate Scenarios: Bullish Bounce: If we hold $94.15 for the next 12 minutes (until this candle closes), we could see a slow grind back toward $96.00. The Sweep: Based on the Liquidation Heatmap we discussed, we might see one final "wick" down to $92.00 - $93.00 to clear the remaining stop-losses before a real recovery starts.Current Verdict: Patience is key. The trend is testing its foundation. Entering a long position right here is "catching a falling knife" until we see a strong green candle reclaim the $95.26 level. #HotCPIBitcoinPressure #solana #SolanaStrong #BinanceOnline $SOL $SOL
Tabi Airdrop is confirmed. Join it before it is late!!
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Time Required: 10 minutes Cost: Free Potential Reward: Up to $3000
This community-driven project is supported by @animocabrands & @BinanceLabs, aiming for a billion-gamer future. โฃ With Binance as an investor, Tabi is slated for listing on the Binance exchange with a valuation of $110M. โบ Airdrop Strategy: โฃ Engage in Tabi $TABI Testnet Airdrop activities. โฃ All activities outlined in this guide are complimentary. โฃ Both on-chain and off-chain activities can be accomplished through this guide. 1 / โคโค โบ Add Tabi chain โคโค โฃ Head to http://testnet.tabiscan.com โฃ Select โAdd Tabi Testnetโ to your Metamask wallet โฃ Approve the new chain 2 / โคโค โบ Claim faucet โคโค โฃ Visit http://faucet.testnet.tabichain.com โฃ Insert your wallet address โฃ Claim $TABI faucet 3 / โคโค โบ Claim special NFT chest โคโค โฃ Head to https://tabi.lol?code=257656994927621 โฃ Complete tasks โฃ Grab your referral link & share it in the comments. 4 / โคโค โบ Zealy tasks โคโค โฃ Visit http://zealy.io/cw/tabinft/questboard โฃ Complete quests โฃ Collect XP points 5 / โคโค โบ Galxe campaign โคโค โฃ Head to http://galxe.com/TabiNFT/campaign/GC7iBt4ZUh โฃ Complete quests โฃ Earn XP 6 / โคโค โบ Claim reward [Potential Airdrop Multiplier] โคโค โฃ Visit http://app.questn.com/quest/878852484855181545 โฃ Finish tasks โฃ Claim reward
On the Dashboard you can see the option Connect at the top right-hand side Install the extension and sign up using the same username and password you previously set in Step 1
Step 3
If you still canโt see your connected device on the top right-hand side, refresh your webpage
Once your account is connected successfully,
youโll see the Connected button and your Uptime server.
Step 4
Try using the more time internet simply just open an account and leave the page with more time you will get more tokens.
The faster your internet connection, the higher the number of tokens youโll get daily
You can connect extra networks to earn more by pressing Add network
But I use a single network connection itโs enough no need to rush to connect more networks Epoch2 will end on March 8, 2024