Solana, XRP prices may show the weekends as Nasdaq has decreased to less than 200D medium

The price of Cryptocurrencies has faced contraction over the past week, as most of the encryption markets struggle to obtain the main support levels. This decline comes amid a wider financial sale in the market that is affected by economic concerns. Solana and XRP prices, among other major metal currencies, have seen noticeable fluctuations in prices that may lead to gatherings at the weekend with a decrease in NASDAC to less than 200D.

Despite the last Trump Checkle summit held on the seventh of March, which aims to enhance feelings, the market is still under pressure.

The last decrease in Encryption It is closely related to the stock market trends, especially concerns about American definitions. With arrows that suffer from fluctuations, cryptocurrencies followed their example due to their strong association. However, with the closure of the stock market during the weekend, digital assets may find an opportunity to recover.

Predicting prices in encrypted currencies: Weekends waved on the horizon with Nasdak drop to less than 200 d

Nasdaq 100 fell to less than the moving average for 200 days for the first time since March 2023, ending a 497 -day line. This is the second longest race in history.

The last time that a similar series ended in January 2022, the index decreased by 5.7 % within two weeks and 22.0 % during the next year. Historical data shows that if the indicator decreases more than 3.5 % in two weeks, the bear market is followed. However, if the decrease remains less than 3.5 %, Nasdak usually recovers.

This next two weeks can be very important in determining market trends. The cryptocurrency sector may interact with the NASDAC movement, which may affect the weekends. Traders closely monitor the relationship between technology shares and digital assets. With the presence of previous patterns that indicate a major period in the future, investors are preparing for fluctuations in the price of encrypted currencies.

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Is the loss of Solana prices the main support?

As of Saturday, March 8, the Sol price is traded at $ 138, which reflects a 0.24 % decrease. The price continues to integrate in narrow limits between $ 130 and $ 150 after facing a strong resistance near $ 160. the Predicting at the price of Solana Struggle to breach the main resistance at $ 150, which is still a decisive level.

On the negative side, Sol maintained support at $ 130, which prevents more declines. If the pressure pressure is intensified, the next support level sits at $ 120, which leads to more weakness. The RSI is currently at 41.74, indicating that Sol is in a neutral direction.

The XRP price is fighting less than $ 2.50; Can he recover?

Delay XRP price About $ 2.35 is trading, facing resistance at $ 2.50. The price recently recovered after failing to get above $ 2.70. XRP has increased beyond the key to resisting the key, but it faced sale pressure near $ 3.00, which led to a decline.

Currently, XRP keeps the support area $ 2.20. If this level broke out, the price may extend about $ 2.00. However, the bounce above $ 2.50 can pay XRP about $ 2.70 and possibly $ 3.00.

The MACD index shows a declining momentum, crossing the signal line below the MACD line. The recovery in the momentum can indicate the renewal of the purchase attention. While failure to keep more than $ 2.20 may lead to a decrease.

The bottom line, the Nasdak decrease below average 200 days raised the interests of the market, which affects the price of encrypted currencies. Solana and XRP prices are at critical levels, with the possibility of offering trading on the weekend for the apostasy. Market trends can be determined during the next two weeks whether the recovery is imminent or whether the additional downside remains possible.