The SOL/USDT pair could now drop to the support line of the channel. A strong rebound off this support will indicate that the up-move remains intact. Both moving averages are sloping up and the RSI is in the positive territory, signaling that bulls have the upper hand.
ProShares Bitcoin Strategy ETF, which began trading late last month, was up 10.95% on Monday.
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Even though the current downside move is sure to shock some investors, slight corrections after reaching new all-time highs are a customary practice for Bitcoin.
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In this eventuality, BTC could drop toward the 100 or 200 four-hour moving average. These demand zones sit at $59,000 and $52,000 respectively.
This positive view will invalidate if the price turns down from the current level or the overhead resistance and plummets below the support line of the wedge.
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Binance and Coinbase listings remain a coveted goal for new cryptocurrencies such as SafeMoon. However, it can take some time to achieve this. For example, Coinbase only listed Shiba Inu Coin in mid-June.
Given the pace of crypto adoption, there are a number of ways to buy cryptocurrency. Crypto-native exchanges offer a plethora of different digital assets for buying and selling. In the mainstream world, PayPal serves as one example platform on which participants can buy and sell certain digital assets. Crypto ATMs such as Bitcoin ATMs also exist in various parts of the world.
How does this latest crash compare to previous ones, or even to regular stock market drops — and what does it mean for investors?
The much-awaited Bitrise dApp wallets have also been released and have been central in driving the coin's value, especially when the Beta 2 version was released. Bitrise wallet is available on Google Play Store for Android phones and currently waiting for listing on Apple App for iOS phones. The wallet combines an intuitive interface with powerful functionality.
At the moment, Binance.US officials promise that this gradual coverage is only the beginning, making it their mission to eventually include as many US states as possible.
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