Confidence in the United States financial system seems to be eroding fast, with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that

Solana price analysis

Solana (SOL) has been trading in a tight range for the past three days. This suggests a state of indecision among the buyers and sellers.

The flattish moving averages and the RSI near the midpoint suggest that the SOL/USDT pair may remain stuck inside the large range between $15.28 and $27.12 for some time. If the price slips and sustains below the 50-day SMA ($21.90), it will suggest that the bears have the upper hand in the near term. The pair could then slide to $18.70.

On the other hand, if buyers kick the price above the 20-day EMA, the pair may start its march toward $24 and then $27.12.

Polkadot price analysis

Sellers yanked Polkadot (DOT) below the $5.70 support level on May 3, but the long tail shows solid buying at lower levels. The bulls again thwarted attempts by the bears to break the support on May 4 and 5.

The repeated failure to sustain the price below $5.70 may attract buyers. Bulls will then try to push the price above the 20-day EMA ($5.96). If they do that, the DOT/USDT pair could rise to the 50-day SMA ($6.18). Buyers will have to overcome this hurdle to gain the upper hand in the near term. The next target on the upside is $7.

Alternatively, if the price turns down from the 20-day EMA, it will suggest that bears continue to sell on minor rallies. The sellers will then again attempt to tug the price below $5.70 and challenge the crucial support at $5.15.

Litecoin price analysis

The long tail on Litecoin’s (LTC) May 3 and 5 candlestick shows that the bulls continue to guard the $85 level with vigor, but they are struggling to clear the overhead hurdle at the moving averages.

The LTC/USDT pair is stuck in a tight range as the bulls are buying on dips while the bears are selling on rallies. The 20-day EMA ($89) is sloping down and the RSI is just below the midpoint, suggesting a minor advantage to the bears. A break below the $85 level will indicate that bears have taken control. The pair may then collapse to $75.

Instead, if buyers propel the price above the moving averages, the pair could rally to the overhead resistance at $96. If the price turns down from this level, it will point to possible range-bound action between $85 and $96 for a few days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.