Ethereum

Solana

Bitcoin

Polkadot

<p>The crypto market is in a wave of negative momentum, with the total market cap down 3% to $2.9 trillion. <a href="http://thenewscrypto.com/bitcoin-news/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin </a>and Ethereum have been at the forefront, with price dips of 14% and 17%, respectively. Other altcoins like Solana (SOL) and Polkadot (DOT) have not been spared and have experienced price downturns. Amid these market moves, Pawfury (PAW) is garnering attention with its presale, touted as a promising opportunity for those looking for clearer returns in the often unpredictable crypto landscape.&nbsp;</p>
<h2 class="wp-block-heading" id="h-pawfury-paw-the-new-rising-star-nbsp">Pawfury (PAW) – The New Rising Star&nbsp;</h2>
<p><br>Pawfury (PAW) is making a significant impact as the newest entrant in the cryptocurrency market. Its innovative features and strong community backing have quickly positioned it as a formidable contender. Pawfury (PAW) is attracting substantial interest from investors seeking fresh opportunities. As it continues to gain traction, Pawfury (PAW) promises robust growth and a dynamic presence in the evolving crypto landscape.</p>
<p class="has-text-align-center"><a href="https://www.pawfury.com/" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" width="311" height="72" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXegg_ejfuSJh6NpB2c_2Kfc0iW6eDgsrxAtT1lGz5WlLEM3CZaPXi1tDW5UHW0hRDIUz-HKkn4e7vScC0SdPaV1ehyCs3sjQmIf5zckdnuT1c_r9a-gNKIDnWO1wP3IXiZQrehlTGd0FkMaX5aRjX7HTE0?key=VmpE5oNSG2yOI9kJTxaogg"></a></p>
<p class="has-text-align-center"><br><a href="https://www.pawfury.com/" target="_blank" rel="noopener noreferrer nofollow"><strong>Join Presale at a Discount on the Official Site</strong></a></p>
<p>Staged Pricing Benefits for Pawfury Investors Pawfury’s presale, designed with investor benefits in mind, ensures fair token distribution through its staged pricing structure. Early participants can purchase tokens at lower costs, thanks to the incremental pricing. This approach generates excitement and attracts capital, boosting liquidity and market stability.<br><br>To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “EXTRA10X” for a limited time.</p>
<p class="has-text-align-center"><a href="https://www.pawfury.com/" target="_blank" rel="noopener noreferrer nofollow">Presale is Live, Learn More About Major Benefits</a></p>
<h2 class="wp-block-heading" id="h-solana-sol-battling-bearish-pressure-amid-support-breakdown">Solana (SOL): Battling Bearish Pressure Amid Support Breakdown</h2>
<p>Solana (SOL) experienced a price drop of over 8% in the last 24 hours. This decline led to a major breakdown of the crucial support level at $157. With the support level breached, SOL is turning bearish, now heading towards the $125 mark. This price drop is attributed to the breakdown of the support.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe5RCj8q_Vn7HjGJ0Q8rfC2uVuK1yv2xHSp6rBfuLE86OBWwHYzSVkEKAvm5gvfnwY5ZAaj-pPhueXUK6BBaRvazP0vPsIrftn5vzU2o2OxunPfa-InOy3shHM5bUphoJqanJO5SCVTdCSjpUhfK2XkQyw?key=VmpE5oNSG2yOI9kJTxaogg" alt="">
 </figure>
</div>
<p class="has-text-align-center">Source: <strong>TradingView</strong></p>
<p>Despite the substantial liquidation in the last 24 hours, the upcoming liquidation levels are at $146 on the lower side and $162 on the higher side. If market sentiment remains unchanged and SOL drops to $146, nearly $40 million in long positions could be liquidated.</p>
<p>Conversely, if the market sentiment shifts and SOL reaches $162, nearly $147 million in short positions could be liquidated. Expert technical analysis indicates that SOL is bearish, having broken down crucial support and the 200 Exponential Moving Average (EMA) in a 4-hour timeframe. Assets below the 200 EMA in this timeframe signal potential bearishness.</p>
<h2 class="wp-block-heading" id="h-polkadot-dot-struggling-below-critical-levels">Polkadot (DOT): Struggling Below Critical Levels</h2>
<p>Polkadot ($DOT) has dropped double figures in the past week, slipping below its crucial trading level of $5.00. This dip meant buyers were unable to take control of Polkadot ($DOT), sending the coin down below its critical $5.00 trading level.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf-dXbQ6Au3sr6xo_0r279r_q8B8aqCxSLTLhY_itK1WGR5UkPu80gVsWFN_4G0NJ9FZeDRM_j88wkXEDwrEQnVGIsVwPCuVfQdxw72VrKuXUhCTml_pToJTYwFbBG_W_KymcQaekxXzfzB8aEg3Po5qCqV?key=VmpE5oNSG2yOI9kJTxaogg" alt="">
 </figure>
</div>
<p class="has-text-align-center">Source: <strong>TradingView</strong></p>
<p>However, indicators like the 3-10 day MACD oscillator are hinting at a possible deceleration in momentum, as the oscillator shows stalling signs around the $4.75 area. This could mean that the ascent of DOT may require a strong catalyst to breach the $4.85 resistance convincingly.</p>
<p>Should the tide turn, the asset’s supports at $4.52 and $4.42 are the immediate cushions that may hold back a retreat. A slip below these could see Polkadot (DOT) testing the third support at $4.35. It’s critical to observe the moving averages as well; a sustained fall could see DOT challenging the $4.18 level where the price has previously stalled.&nbsp;</p>
<h2 class="wp-block-heading" id="h-conclusion-opportunities-amid-market-turbulence">Conclusion: Opportunities Amid Market Turbulence</h2>
<p>The crypto <a href="http://thenewscrypto.com/market-news/" target="_blank" rel="noopener noreferrer nofollow">market </a>is currently bearish, with Solana and Polkadot, two major players, suffering major value losses. While Pawfury stands out among these options with its lucrative presale and 10% extra bonus, it is important that investors do their own research and due diligence.&nbsp;</p>
<p>Thoroughly evaluating the risks, understanding market conditions, and considering individual financial situations will help ensure well-informed investment decisions.</p>
<p><strong>Disclaimer</strong>: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.</p>

Whispers of a Turn for Solana (SOL) and Polkadot (Dot) Stir Crypto Curiosity

Table of Contents

TheNewsCrypto

Other articles published on Aug 7, 2024

Binance Labs' New Investment: What is Particle Network?

Jump Trading Liquidates $29M in Ethereum, With Another $63M Pending Redemption

US Recession: Is Another Stock And Crypto Selloff Ahead?

Analyst Predicts August Altcoin Surge: Must-Buy Altcoins

Cardano Extremely Close to Chang Hard Fork. Is ADA Rally on the Cards?

APT, TON Hit Hard by Bearish Wave; DIGI Presale Interest Peaks

Join our free newsletter for daily crypto updates!