In the early morning crypto market, SOL and XRP show obvious bearish characteristics, which deserve close attention.
From a technical perspective, SOL is currently in a sideways and slightly bearish pattern. The resistance levels are concentrated around 140-143. Only if this area is effectively broken through can the short-term trend be reversed. The support levels are around 132-135, which is an important defensive line that the bulls need to hold. From a bearish standpoint, entering short positions between 140-142 is more prudent, with subsequent targets at 135, 132, and ultimately around 130.
XRP's situation is similar. The overall trend is also bearish, with resistance between 2.38-2.42. Once this level is effectively supported, the rebound space may be compressed. The key support is in the 2.28-2.30 range, which is a focus for many traders. If choosing to short at 2.38-2.40, targets can be set at 2.30, 2.28, or even lower at 2.25.
In this market movement, managing risk and position size is crucial.
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NftMetaversePainter
· 9h ago
actually, the algorithmic patterns embedded in SOL's price action are revealing something deeper than mere technical resistance—it's a manifestation of the hash value distribution across the blockchain primitive itself. the computational aesthetics of this bearish structure? immaculate. watching 140-142 collapse feels like witnessing generative art in real-time, tbh
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MissedAirdropAgain
· 01-09 03:01
Another short trap? Is SOL really going to crash this time? It feels like the 140-143 range has been broken through several times already.
I don't understand XRP, but honestly, the 132 level seems a bit shaky. What if it rebounds... You really need to control your position, that's the real deal.
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LiquidationOracle
· 01-09 03:01
Sol feels like it's about to break again; that 140 hurdle is really hard to hold...
XRP is even more outrageous. The bears are so fierce that it's better to give up and set a stop-loss to protect the capital.
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MevHunter
· 01-09 03:01
Is SOL going to drop again? I still haven't break-even on my long position I entered at 140 last time...
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SchrodingerWallet
· 01-09 03:00
Is SOL going to drop again and again? I haven't seen the bottom of the daily bearish signals... I already shorted at 140, and I'm still asleep.
XRP is interesting this wave; if it can't break 2.38, the bulls might be in real trouble.
By the way, can 130 hold? It still feels like it needs to continue falling.
In the early morning crypto market, SOL and XRP show obvious bearish characteristics, which deserve close attention.
From a technical perspective, SOL is currently in a sideways and slightly bearish pattern. The resistance levels are concentrated around 140-143. Only if this area is effectively broken through can the short-term trend be reversed. The support levels are around 132-135, which is an important defensive line that the bulls need to hold. From a bearish standpoint, entering short positions between 140-142 is more prudent, with subsequent targets at 135, 132, and ultimately around 130.
XRP's situation is similar. The overall trend is also bearish, with resistance between 2.38-2.42. Once this level is effectively supported, the rebound space may be compressed. The key support is in the 2.28-2.30 range, which is a focus for many traders. If choosing to short at 2.38-2.40, targets can be set at 2.30, 2.28, or even lower at 2.25.
In this market movement, managing risk and position size is crucial.