By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Could September Bring Better Opportunities for Ethereum and Solana as They Both Report Over 20% Losses in August?
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Senkron Digital Showcases CyberPact Service at GISEC Global 2025
Gulf UAE
Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World
Business Gulf UAE
Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle
L’Oréal Paris Celebrates the Groundbreaking Launch of MELASYL at the Iconic Museum of the Future
Lifestyle
TOD Partners with Skyworth’s QVWi to Launch 4K Streaming Set-Top Box in MENA
Gulf Sports
Double victory at Red Dot: Eczacıbaşı Tiles Group’s VitrA and Villeroy & Boch brands recognised for their design excellence
Lifestyle
Your Next Destination in Dubai: Mövenpick Hotel Apartments Downtown Dubai – The Perfect Choice for Your Stay
Gulf UAE
Nexus Developer Announces the Launch of ‘Estrella’ to Set New Standards in Boutique Luxury Living in Majan, Dubai
Gulf UAE
Moscow City Tourism Committee Brings ‘Moscow Tea Time’ to Dubai with 15 Cultural Venues
Gulf UAE
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Crypto > Could September Bring Better Opportunities for Ethereum and Solana as They Both Report Over 20% Losses in August?
Crypto

Could September Bring Better Opportunities for Ethereum and Solana as They Both Report Over 20% Losses in August?

News Room
Last updated: 2024/09/01 at 6:58 PM
News Room
Share
3 Min Read
SHARE

The cryptocurrency market has been volatile recently, with Ethereum (ETH) and Solana (SOL) experiencing significant declines in August. Ethereum is currently trading at $2,459.81 with a 24-hour trading volume of $8.39 billion, down 2.60%, while Solana is at $130.90 with a volume of $1.25 billion, down 4.34%. Both cryptocurrencies are facing bearish momentum, with Ethereum struggling to maintain its position above a crucial trendline and Solana moving within a descending channel.

Ethereum’s price is below the 50-period EMA at $2,560, indicating a bearish sentiment. If Ethereum fails to hold above the current trendline support, the next key levels to watch are $2,395 and $2,272. Breaking above $2,531 could reignite bullish momentum. Solana, on the other hand, is capped by the 50-period EMA at $139, with resistance at $136 and support at $116. Further declines may occur if Solana fails to break above $136, targeting support levels at $123.95 and $116.55.

Both Ethereum and Solana are showing strong bearish tendencies, with crucial support levels being tested. Traders should closely monitor these levels for potential breakdowns that could lead to further declines. While September may offer recovery opportunities, caution is advised due to the current technical indicators. However, with strategic token allocation and innovative staking opportunities, platforms like Crypto All-Stars are attracting investor attention.

Crypto All-Stars has raised $845,830 out of its $1,082,698 target in its presale, which is set to end soon. Leveraging Bitcoin’s influence, the platform offers unique staking options by integrating with popular meme coins. Despite Bitcoin not being a meme coin, its market impact drives interest in projects like Crypto All-Stars, which presents opportunities for Bitcoin and meme coin holders. With a focus on long-term growth, Crypto All-Stars is an appealing investment for those looking to maximize their meme coin holdings. Investors can purchase $STARS with various cryptocurrencies or card payments on the platform’s website.

In conclusion, the cryptocurrency market is currently facing challenges with Ethereum and Solana showing bearish tendencies. Traders need to exercise caution and closely monitor support and resistance levels for potential trading opportunities. Platforms like Crypto All-Stars are introducing innovative staking options, attracting investor attention with strategic token allocation for long-term growth. Despite the market uncertainties, opportunities for recovery may emerge in September, offering potential gains for cautious investors.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room September 1, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Qatar Foundation finishes summer camp
Next Article Saudi delegation discovers innovative educational models at GEIS 2024 in South Korea
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Senkron Digital Showcases CyberPact Service at GISEC Global 2025
Gulf UAE May 12, 2025
Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World
Business Gulf UAE May 10, 2025
Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports May 8, 2025
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle May 5, 2025

You Might also Like

BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
BusinessCrypto

Forbes Lists Bitget Amongst The World’s Most Trustworthy Crypto Exchanges

February 1, 2025
BusinessCrypto

Bitget Leverages AI Algorithms for Token Listing with the Launch of Bitget Seed

January 27, 2025
BusinessCrypto

Bitget to List Official TRUMP Meme Token for Spot Trading

January 23, 2025
BusinessCrypto

Bitget LaunchX to Support Jambo’s $5 Million Fundraising for Satellite Launch Program

January 18, 2025
BusinessCrypto

Bitget Unveils Over $5 Billion Worth of BGB Token Burn in New Whitepaper

December 28, 2024
Crypto

Top Cryptocurrency Performers Today on DEXScreener

October 18, 2024
Crypto

NH Bank Employee Who Stole Money to Purchase Cryptocurrency Loses All

October 18, 2024
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?