Bitcoin, Ethereum, and Solana prices are dropping, with key support levels being tested.

From Investing.com

December 20, 2024 10:30:18 PM:

Bitcoin has experienced a sharp decline, dropping to $94,000 from over $100,000. The short-term rising trendline supporting Bitcoin’s rally has been broken. The $90,000 and $91,798 levels are key supports, with selling pressure increasing, but the RSI suggests oversold conditions, potentially leading to a relief rally.

Ethereum’s price has fallen from over $4,000 to $3,197, struggling to regain momentum. Breaking below the 50 EMA indicates a loss of momentum, with significant sell-off volume. The $3,033 level provides crucial support, while a move above $3,800 is needed for a potential rally, despite bearish market sentiment.

Solana is under bearish pressure, trading at $183 and approaching the 200 EMA at $174. Unable to hold above the 50 and 100 EMA’s, Solana’s descending channel signals increased bearish sentiment. A breach of the 200 EMA could lead to further downside, with the RSI at 31 indicating potential oversold conditions.

Read more at Investing.com: What’s Next? Ethereum (ETH) To Never See $4,000? Solana (SOL) Great Reset Is Incoming By U.Today