In the dusty bowl of crypto-land, Ethereum (ETH), Solana (SOL), and the sprightly Sui (SUI) are like the Okies of yore, waiting for a breeze to fill their sails. The FOMC meeting’s got the whole wagon train abuzz with the hope of a dovish tune. A tall tale of time frames and trendlines, no less.
ETH Bulls Battle Barriers 🐂 vs. 🚧
Like a dusty old Model T, $ETH revved up over 3% on Wednesday, chugging along before the FOMC’s rate reveal. The speech and press conference? That’s the gas in the tank, or so they say.
It ain’t been a picnic for the crypto that’s second in line. Dipped below the bull market trendline, it did, and the second weekly candle opened in the shadow. Dark times, my friends, dark times.
But lo! A bounce from the depths of $1,750, and the bulls hauled $ETH back above the solid ground of $1,900. But oh, the ascent to the promised land of $4,000 is blocked by the twin Goliaths of trendline and resistance at $2,150. 🏰
$SOL’s Price Plows Back to Pasture 🌾
$SOL didn’t just trip over its trendline, it did a swan dive. First wick down to $125 was a glimmer of hope, like a lighthouse in a storm. But the following week? A massacre that’d make a cowboy weep.
Last week’s candle wick kissed the bottom of the support band at $112, and this week, the bulls are trying to make it a bedrock once more. The Stochastic RSI’s as low as a snake’s belly, and a tick up might just lure the traders back to the corral. 🤠
$SUI’s Standing at the Breakout Saloon Door 🚪
$SUI’s been down to the bottom, a mere $2. Last week’s wick touched this line like a ghost’s whisper. But the bounce has legs, and it’s up against the trendline from May 2023, a顽固 resistor in its path.
This here’s a shootout at the O.K. Corral for the $SUI bulls. No resistance ’til $3 on the weekly time frame. The Stochastic RSI’s as low as it gets. Today’s FOMC meeting? It’ll be the deciding bullet in this crypto gunfight. 🤠🔫
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2025-03-19 15:23