Solana (SOL) bouncing off 200-day EMA, $150 level important, Ethereum (ETH) facing potential death cross.

From Investing.com
August 13, 2024 12:30 AM:

Solana (SOL) has recently bounced off its 200-day EMA, indicating possible strength and a support level at this moving average. The $150 threshold is the next important level to watch for, with a potential breakout in either direction as EMAs converge, signaling volatility ahead.

Ethereum (ETH) is facing a potential death cross, with the 50-day EMA possibly crossing below the 200-day EMA, suggesting more downside pressure. ETH’s lack of momentum and low trading volume could weaken its value and force retests of lower support levels if the death cross materializes.

Bitcoin (BTC) is currently in a consolidation phase, with critical price levels at $68,000 as resistance and $52,900 as support. Traders should watch for a breakout above or below these levels to determine the future direction of Bitcoin’s price movement in the coming weeks.

Read more at Investing.com: $150 Lies Ahead, Will Ethereum (ETH) Face Death Cross? Two Key Bitcoin (BTC) Price Levels Revealed By U.Today