12h00 ▪
3
min at reading ▪
The same based on the solan, especially the Pengu and SPX, begin after the brutal correction of the stabilization phase. Technical and market data indicate possible recovery, supported by the gradual return of capital.
In short
- The same thing, the same, based on the Solana, shows signs of recovery after a strong correction.
- Pegge stabilizes around $ 0.030, with a resistance to $ 0.037.17. The open interest increased by 10 % in 24 hours.
- The SPX bounces at the lower terminal of an ascending wedge and remains above its EMA 50. Crossing $ 1,8032 could focus on $ 2,2817.
PEGU: Stabilization and renewed interest
After losing land in recent weeks, the pengu seems to find an anchor of around $ 0.030. He left the tracks, but the market structure shows the shortness of the composition of sales pressure.
The level of 0.0 3717 $ currently acts as a resistance. A clear transition of this threshold could open the way to return to the explosion of the price of pengu. For the time being, the indicators remain shared: MACD still shows a lower intersection, but gains histograms. The intensity down weakens.
RSI oscillates at 55, close to neutrality. This confirms the waiting time. However, attention is attracted by a 10 % increase in open interest in 24 hours, now to $ 407.4 million. This reflects the restoration of risk and return on liquidity.
In the absence of a bull break, refusal under $ 0.0,3717 could return Le Pengu to its support for $ 0.02893, level 15 July.
SPX: Technical bounce in the Bull’s wedge
SPX keeps its location above the exponential mobile diameter of 50 days, around $ 1,5717. The token responds to the lower terminal of an ascending wedge that can indicate a technical recovery if it has a configuration.
Immediate resistance is $ 1,8032, summit achieved in January. Crossing would allow you to target $ 2,2817, a coherent lens in case of acceleration up. The indicators are again in the transition phase: MacD is straightened, RSI returns to a balance around 49.
Open interest SPX remains stable to $ 146.73 million after a significant decline. This stagnation associated with the resistance of the price suggests consolidation rather than disconnection. The sellers seem to be at the break.
The script of reduction remains possible. A net break below $ 1.5,000 would question the revival of the ongoing and opened the way to $ 1,3356, a zone corresponding to the average of mobile means in 100 days.
PENGU and SPX illustrate the current dynamics of the ecosystem Solan. Despite the extreme volatility of these assets, they attract attention. Here, their basic value is not included, but their ability to report a risk to risk.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
Teacher and IT engineer, Lydie discovered Bitcoin in 2022 and plunged into the world of cryptocurrencies. It populates complex items, decrypt web3 challenges and prevents the vision of open, inclusive and decentralized digital.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.