Konam@konam

Crypto Trading

Translated from Korean

Recently, BTC and SOL have been trapped in a narrow range, showing sideways movement. Despite a significant increase in 24-hour trading volume compared to recent levels, prices remain stagnant. This indicates a fierce tug-of-war is underway as the market's downward trend has temporarily paused. In particular, the spread of the recently surfaced security vulnerability in the Coldcard hardware wallet, along with specific details on the scale of the leak, has caused investors to remain on the sidelines, creating the current heavy sideways trend as they hesitate to bet on a clear direction.

Some view this as the final stage of selling pressure subsiding as negative news is digested. However, if the trend gains strength, moving averages widen upward, and the price breaks out of the box range, this tedious sideways phase will end immediately. For now, the top priority is to monitor whether BTC can firmly hold the $62,400 support level and whether SOL can avoid falling below its recent support zone despite the rise in volume.

Loading comments…