The cryptocurrencies has generally moved below the given support levels last week, making it difficult for the bulls to recover. The rate decision on Wednesday will determine the pace of rate hikes, and it can bring high volatility to the market. In terms of regional crisis, a number of Euro-countries have adopted the Ruble to settle expired natural gas prices, which has eased the further escalation. This week, the market will pay more attention to the pace of rate hikes and Powell’s remarks on rate hikes.

As we mentioned last week, long-term and relative weakness (red arrows) made SOL the worst of the three. The price almost dove below the support level , and the bulls were still weak in this week, which can also be seen from the comparison of the candles with BTC and ETH. Overall, the strength built by the bulls at the end of March collapsed in the wave of declines. Price is near 4-month lows.
Conclusion: Mostly fluctuation, and it is more likely to fall after fluctuation. We lowered the resistance level to 84, it is not the previous low level. The resistance level is set at 100, which is the original support level .

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