Geopolitical tensions and trade policies continue to impact cryptocurrency markets, highlighting their vulnerability to macroeconomic shifts. The post Bitcoin tumbles under $108K after Trump calls for 50% EU tariff appeared first on Crypto Briefing.

Bitcoin tumbles under $108K after Trump calls for 50% EU tariff

Bitcoin&#8217;s latest pullback has erased $560M in futures, mostly affecting long 
bets.

Bitcoin’s pullback from $111K wiped out $560M in crypto liquidation wave

Solana (SOL) is beginning to show signs of renewed strength as technical 
indicators hint at a potential breakout. On the weekly chart, the MACD is 
curling up and has recently crossed above the signal line, a bullish signal 
that often precedes major price movements. With momentum slowly building, 
traders are now watching closely to see if this shift marks the beginning of a 
larger rally. Momentum Builds For A Possible Solana Breakout In a recent X 
post, market analyst Willjayducks drew attention to a significant bearish 
divergence that unfolded on the Solana weekly chart. He pointed out that as 
the price surged into its blow-off top, the RSI and MACD indicators showed 
weakening momentum. This divergence between price action and momentum 
indicators is a classic technical pattern that typically precedes sharp 
corrections. Related Reading: Solana Flips Bullish: Price Climbs Above 
Ichimoku Cloud With Strong Momentum Following this setup, Solana experienced a 
steep decline, shedding approximately 67% of its value in just 84 days. 
According to Willjayducks, this dramatic drop suggests the bearish divergence 
has “arguably played out,” implying that the correction phase may be nearing 
its end. He further elaborated that the MACD is now curling upward and has 
recently crossed above the signal line. This crossover suggests that the 
recent downward pressure may be easing, setting the stage for a potential 
recovery. According to his analysis, if SOL can gather enough strength and 
sustain its current upward momentum, the MACD line could eventually cross 
above the zero line, a more definitive bullish signal that typically confirms 
a shift in trend. Should this scenario unfold, the analyst believes Solana may 
be poised to push toward new highs, reigniting interest among traders and 
investors. However, he also noted a word of caution: if or when this bullish 
breakout occurs, he’ll be closely monitoring the chart for any emerging signs 
of bearish divergence, which could once again hint at an overheated market. 
Bearish Outcome Still On The Table In the climax, the analyst mentioned that 
there is still a chance things just fizzle out here and continue into a bear 
trend. Despite recent bullish signals and technical improvements, he cautioned 
that the current momentum might not be strong enough to sustain a full 
reversal. Related Reading: Solana Short-Term Indicator Signals Potential Risk 
– Reversal Or Pause? While price action may stall, leading the market back 
into a prolonged period of downside movement, Willjayducks emphasized that all 
we can do for now is watch price action closely and plan for all scenarios. 
Whether the market pushes higher or fades into weakness, he advised staying 
alert and adaptable. Featured image from Adobe Stock, chart from 
Tradingview.com

Solana MACD Curling Up – Is This The Prelude To A Breakout?

Kalshi, a prediction marketplace based in the United States, has expanded its 
crypto support with the addition of Solana deposits. The marketplace announced 
it had enabled Solana (SOL) as a new account funding option on Friday, May 23, 
with this…

Kalshi adds support for Solana deposits

The U.S. Securities and Exchange Commission (SEC) has charged Alexandre 
Konanykhin with securities fraud after he allegedly swindled more than 5,000 
unsuspecting investors by inflating the value of his company’s Unicoin tokens. 
SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, 
Vladmir Putin, for mass murder,” the February 2022 Facebook post reads. […]

Unicoin Executive Who Put Bounty on Vladimir Putin’s Head Charged With $110M Fraud

PEPE has recently rejected a key resistance level, prompting a pullback in the 
current uptrend. However, technical indicators and market structure continue 
to signal strength, with a higher low likely forming. PEPE’s (PEPE) price 
action has cooled off after hitting…