 ▲ Bitcoin (BTC) |
CrediBULL Crypto, a cryptocurrency analyst with approximately 370,000 It was diagnosed as having reached the ‘break’ level.
'Make or break' means standing at an important crossroads, which means that the price of an asset has reached an important level, and a rebound from this level can result in great success, and a decline can result in great failure. do.
According to analysts, if this support is broken, SOL could potentially fall to $115, creating a situation similar to where it previously bounced below $100.
However, Credible predicted, “On the positive side, Bitcoin (BTC) is also currently at an important support line, and if Bitcoin rebounds from this support line, it is highly likely that SOL and DOGE will also rebound.”
He added, “The current market situation has strong selling pressure, but if Bitcoin’s rebound is accompanied, it could have a positive impact on the entire cryptocurrency market.”
As of 10:40 a.m. on the 12th, Korean time, the price of Bitcoin, the No. 1 cryptocurrency in market capitalization, is recording $67,033, down 3.39% from 24 hours ago based on CoinMarketCap.
At the same time, Solana, the 5th largest coin in market cap, is trading at $146.52, down 7.86%, and Dogecoin, 8th in market cap, is trading at $0.1357, down 6.12%.
