for a while cryptocurrency The analyst who correctly predicted important fluctuations in the markets is on the stage again. Roman Trading, who mentioned that the BTC price could drop to the bottom of 100 thousand dollars, last said this in the middle of the new ATH movement. Then, we saw that Trump’s China statements, not the BTC technical formation, turned the charts upside down. So what happens now?
Cryptocurrency Oracle Prediction
At the time of writing, the markets are recovering after learning that Trump pardoned CZ. to cryptocurrencies This was one of the most important steps to be taken to show that the war against the war was over. Trump says the old administration waged a foolish war on crypto, and he’s not wrong.
While Elon Musk’s support was mobilizing cryptocurrencies in 2021, this name was Trump in the new rising year of the 4-year cycle. Moreover, the US President’s sphere of influence is wider than the Tesla founder. We will see a lot of cryptocurrency laws approved by the 2026 midterm elections, and these are positive.
But cryptocurrency oracle Roman Trading continues to worry about the decline. The fact that BTC has retraced $110,000 at the time of writing is a good reason to be less afraid of his analysis.
“If we lose the 107-109k support area, things will get worse quickly. We have resisted so far, but I wanted to show that this is not just horizontal support, but diagonal support for the uptrend that has been going on for about a year and a half.”
The analyst predicts a sharp decline if the support is lost and the 1.5-year trend support will be lost. On the weekly chart, the double top formation will be completed and this means a return to bear markets. The range between $96,000 and $88,000 is where the decline may pause.
Can I Buy XPL Coin?
XPL Coin continues the day with a 5 percent loss. It lost 6.5% in TRY parity and 10.3% in BNB parity. So we can’t say it’s in a very good condition. Here we kept expecting a V-type recovery as we saw in previous launches. Too many analysts were predicting a repeat of what we’ve seen with previous major launches. But it didn’t happen that way.
The FUD on the team and then the China incident made things difficult. Although it has a very good story for the V-type recovery, Plasma’s token, which made a successful start with the ideal of becoming the largest stablecoin network, is not doing well at all.
Sherpa expressed disappointment for the altcoin, which he has seen as his favorite for quite some time.
“I gave up my long bag a long time ago. I’ll be out of it for a while. I’d rather buy on the rise than try to catch a knife and get more hurt.”
