US Q3 GDP rises to 4.3%, higher than the expected 3.3%. #Cry | The Crypto Basic on Binance Square

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US Q3 GDP rises to 4.3%, higher than the expected 3.3%.#Crypto 

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The White House believes momentum is building toward clearer U.S. cryptocurrency regulation, especially after the Senate’s confirmation of Michael Selig as chair of the CFTC. In a post on X on Monday, David Sacks, President Donald Trump’s AI and crypto czar, said the United States has reached a pivotal moment in shaping oversight of digital assets. He described Selig and SEC Chair Paul Atkins as a “dream team” capable of establishing consistent regulatory standards across agencies. His remarks underscored a shift in tone from the administration. Rather than fragmented oversight, he suggested that aligned leadership at the CFTC and SEC could help regulators move in the same direction and provide long-sought clarity for the crypto market. Sacks’ comments came in response to a separate post by Selig, who pointed to growing legislative momentum on Capitol Hill. Selig said that Congress is preparing to complete work on a long-awaited bill on digital asset market structure. In his post on X, Selig linked the urgency to market conditions. He cited rapid technological development and record participation by retail investors in commodity markets. He also noted lawmakers aim to send legislation to the president for approval.

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"Dogecoin Forecast: Bearish Momentum Builds — Analyst Warns of a $0.12 Revisit"

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#Solana is testing a key support level, with liquidation data showing pressure on long positions. Currently, Solana (SOL) is trading at $124.07, reflecting a 2.1% decline in the last 24 hours. The price has seen a bottom at $124.03 and hit its 24-hour top at $128.10, indicating some volatility within the day. Over the past 7 days, Solana has seen a 1.1% decrease, indicating mild bearish sentiment in the short term. Over a 14-day period, the crypto has dropped by 6.6%, suggesting a broader downtrend in recent weeks. However, the 1-year performance shows a 31.3% decline, highlighting a struggle to maintain upward momentum over the longer term. Traders will be closely watching whether Solana can regain strength or continue to face downward pressure. Solana Price Prediction Notably, a TradingView chart shows Solana testing key levels, with Fibonacci retracement indicating critical support and resistance areas. The 0.236 Fibonacci level at $124.02 is currently being tested, with a close below it possibly launching further downside. The next support zone appears at the 0 level at $116.94. On the upside, immediate resistance is seen at the 0.382 retracement level around $128.40, and further resistance is located at the 0.5 level near $131.94. If the price manages to break above these resistance levels, Solana could be poised for a stronger recovery toward $148. Looking at the RSI (Relative Strength Index) at 39.87, Solana is in neutral to slightly bearish territory, indicating that there is no immediate overbought or oversold pressure. The MACD histogram shows a bearish momentum, with the MACD line below the signal line, reinforcing the possibility of further downside. For a reversal to the upside, Solana would need to close above $124.02. #CryptoNewss

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#Ethereum shows neutral momentum, but prominent market analyst Captain Faibik predicts a breakout by January. Ethereum (ETH) has recently crossed the $3,000 mark again, currently trading at $3,032.64 amid a 1% increase in the last 24 hours. The price has been fluctuating between $2,945.80 and $3,050.84. Notably, the steady upward trend towards the higher end of its 24-hour range suggests that Ethereum is finding solid support above the $3,000 level, as buyers are stepping in to maintain upward pressure. However, Ethereum’s performance over the past week and two weeks tells a different story, with a 3.9% decline in the last 7 days and a 3.4% drop over the past 14 days. These figures highlight a short-term consolidation or mild bearish sentiment, possibly due to market-wide corrections. Despite these recent pullbacks, #Ethereum is still holding above key psychological levels, with strong momentum in the short term. Can Ethereum test higher resistance levels? Looking at the momentum side, the Ethereum price is in a slight upward trend, finding immediate support around $2,950, which aligns with the lower wick of the recent candle. The Relative Strength Index indicator is at 48.80, indicating that Ethereum is neither in overbought nor oversold territory, suggesting a neutral market. The ChandeMO is at -15.91, which implies a lack of strong bullish or bearish momentum at the moment. The RSI hovering just below 50 suggests that the momentum could shift either way depending on the buying or selling pressure. If Ethereum surpasses the resistance at $3,170 and moves above $3,200, it could signal further upside potential. However, if the price struggles to maintain levels above $3,000 and fails to break resistance, a pullback toward support near $2,950 could occur. #CryptoNewsFlash

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