Orlando Cr
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$SOMI is trying to bounce back a bit, but with only a few days left until its monthly release, the typical bearish pressure is looming.
$ZBT is in an Accumulation Zone, much higher than yesterday's levels, and still very appealing for the price action patterns observed in the last few hours.
In six days, nearly 9 million of $SOMI is set to be released. As with every month, this unlock is going to put bearish pressure on the token.
It's crazy what happened with $SOMI today.
There wasn't even time to take profits at the peak of the pump.
There wasn't even time to take profits at the peak of the pump.
Iran has once again closed the Strait of Hormuz, and of course, the geopolitical tension is spiking volatility in risk assets. Be super cautious with your positions today! 📉
They keep flipping the p.nch. narrow of Hormuz.
The crypto market shows strength, but caution is key! 🚀
We are seeing an interesting momentum in assets like BNB, which has surpassed the barrier of $11,100 MXN ($640 USD), and SOMI, which seeks to consolidate after recovering $3.25 MXN. However, the technical indicators are urging us to pay attention:
$BNB : Faces a critical resistance near $11,300 MXN and the risk of a technical rejection is latent.
$SOMI : Has had a slight recovery towards the levels it had lost a month ago. The volume is positive, but a correction towards $2.95 - $3.00 MXN is expected as a healthy move to validate supports.
$ETH : Has surpassed $42,000 MXN, entering a higher resistance zone.
Remember, risk management and respect for support and resistance levels are very good allies in the face of a possible massive profit-taking. 📊
We are seeing an interesting momentum in assets like BNB, which has surpassed the barrier of $11,100 MXN ($640 USD), and SOMI, which seeks to consolidate after recovering $3.25 MXN. However, the technical indicators are urging us to pay attention:
$BNB : Faces a critical resistance near $11,300 MXN and the risk of a technical rejection is latent.
$SOMI : Has had a slight recovery towards the levels it had lost a month ago. The volume is positive, but a correction towards $2.95 - $3.00 MXN is expected as a healthy move to validate supports.
$ETH : Has surpassed $42,000 MXN, entering a higher resistance zone.
Remember, risk management and respect for support and resistance levels are very good allies in the face of a possible massive profit-taking. 📊
The actions in the stock markets are already feeling the downward pressure from today's deadline. The crypto market is trying to hold on, but if Trump's threat materializes, it will be difficult for it not to face its own downward pressure.
Binance News
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U.S. Stocks Decline Amid Geopolitical Tensions and Crude Oil Surge
U.S. stocks experienced a decline on April 7, driven by geopolitical tensions and rising crude oil prices. According to NS3.AI, U.S. President Donald Trump's warning ahead of his Tuesday deadline concerning the Strait of Hormuz contributed to renewed fears in the equity markets. Additionally, the price of WTI crude oil reached $115.19, further unsettling investors.
Reports of Israeli strikes on Iran's Kharg Island petrochemical infrastructure dashed hopes for de-escalation, which had briefly buoyed the markets. In the tech sector, Apple shares fell by 3.35% following a report from Nikkei Asia about engineering setbacks in the development of a foldable iPhone, adding pressure to the S&P 500 index.
Reports of Israeli strikes on Iran's Kharg Island petrochemical infrastructure dashed hopes for de-escalation, which had briefly buoyed the markets. In the tech sector, Apple shares fell by 3.35% following a report from Nikkei Asia about engineering setbacks in the development of a foldable iPhone, adding pressure to the S&P 500 index.
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Binance News
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Oil Prices Rise Amid Tensions Between U.S. and Iran
Oil prices have increased following reports of an explosion on Iran's Kharg Island. According to Odaily, U.S. President Donald Trump stated in a press conference on Monday that if Iran fails to meet the demands by 8 p.m. Eastern Time, the U.S. might destroy all bridges to Iran's power plants within four hours. This escalation could potentially lead to a surge in energy prices.
Additionally, The Wall Street Journal reported that negotiators are pessimistic about Iran meeting Trump's demands to allow ships free passage through the Strait of Hormuz. Despite this, oil prices have not fluctuated significantly, possibly indicating market skepticism about Trump's adherence to his deadline. AJ Bell analyst Dan Coatsworth noted that either Washington or Tehran might concede, potentially causing a significant stock market rebound and a drop in energy prices. However, he also mentioned a third possibility: the deadline could be extended, leading to another period of market uncertainty as both sides' next moves are anticipated.
Additionally, The Wall Street Journal reported that negotiators are pessimistic about Iran meeting Trump's demands to allow ships free passage through the Strait of Hormuz. Despite this, oil prices have not fluctuated significantly, possibly indicating market skepticism about Trump's adherence to his deadline. AJ Bell analyst Dan Coatsworth noted that either Washington or Tehran might concede, potentially causing a significant stock market rebound and a drop in energy prices. However, he also mentioned a third possibility: the deadline could be extended, leading to another period of market uncertainty as both sides' next moves are anticipated.
Today, take care of your money. According to what Trump stated, a relevant geopolitical deadline expires today ("Erase a Civilization"). That threat, with all the seriousness it entails, will very likely impact market volatility.
If there is concrete action, crypto assets could react with rapid declines, and altcoins would tend to suffer more from volatility. In crypto, it is always important to take care of your money, but even more so when the President of the USA issues such threats.
If there is concrete action, crypto assets could react with rapid declines, and altcoins would tend to suffer more from volatility. In crypto, it is always important to take care of your money, but even more so when the President of the USA issues such threats.
As mentioned in previous posts, $SOMI continued to decline, it has currently broken the support of $2.79 MXN, let's hope it stabilizes in the range of $2.70 - $2.78 MXN, and then rises again.
$SOMI keeps falling, it has already touched the level of $2.90 MXN, and it can continue searching for support further down.
🚀 $BNB has been maintaining a clearly bullish structure for days, rising from $10,171 MXN to $10,815 MXN. Apparently, an explosive movement is not expected, but a moderate extension of the rally is anticipated, as long as the momentum does not weaken and BTC does not create downward pressure.
#BNB
#BNB
$SOMI managed to rise to $3.06 MXN, and from there it was bounced back to $2.96 MXN. It is likely that in the next 72 hours it will attempt to recover but will be rejected back towards a support even lower, unless the market enters a bullish rally.
On April 1st, the price of $SOMI was $2.67 MXN, in the following days it had upward movements reaching $2.89 MXN. As of today, at this hour, it is at $2.87 MXN. With these movements, what do you think about $SOMI for next week?
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