Global-E Online (GLBE:NASDAQ)

GLBE is a company that has shown impressive collaborations with other major players in the e-commerce industry. Its partnership with Shopify has put it in a position of strength when it comes to online business, while it has also been a valuable cross-border commerce tool for Meta (Facebook, Instagram, and WhatsApp) that wants to help small business with their operations. 

Beyond this, GLBE also boasts a clientele that includes some of the biggest names in the luxury market like Louis Vuitton and Disney. With experts predicting a growing demand for the company’s services, it is an exciting time to invest in GLBE, It’s no wonder investors are feeling bullish on GLBE, eyeing an upside target of $52.00-$54.00.

Government Bonds 10-Year Yield

The 10 Year Yield has been in a downward trend since October of last year while forming a bull flag pattern. 

Over the previous nine months, the stock and cryptocurrency markets have been quite positive. The 10 Year Yield, however, broke out of the bull flag this week, signaling both an increase in demand and concerns about uncontrolled inflation, which could hint at further rate hikes. 

The 10 Year Yield is currently trading between the 4% and 4.3% resistance area. If it manages to break through it in the upcoming weeks, it will be bad for the markets. Beyond this, there is a major resistance at 5% to 5.5%, which was last tested fifteen years ago. 

However, if the 10 Year Yield is rejected within this range, the range of 3.25% to 3.5% will act as the next support level.

Coinbase (COIN:NASDAQ)

Coinbase, the popular cryptocurrency exchange platform, has been facing regulatory hurdles with the SEC in recent times. The crux of the matter is whether cryptocurrencies should be classified as securities or commodities. While the debate rages on, many experts believe that cryptocurrency should be treated as a commodity, subject to the oversight of the CFTC. In the meantime, Coinbase has implemented certain measures to stabilize its bottom line, including two rounds of layoffs amounting to 20% of its workforce. 

These actions have started to bear fruit, as the company’s revenue is on an upward trajectory once again. As investors, we remain bullish on Coinbase as long as the stock remains above $60.00-$61.00, with an upside target of $110.00-$120.00.

SOL/USDT

SOL is currently trading in the significant resistance range of $20 – $21.50 and attempting to break out of its daily descending resistance line that dates back to the middle of April. 

The price is currently quite bullish when compared to the rest of the crypto market, but higher time frames show that it is also very overbought. 

If SOL can break through both the daily resistance line and the current area of resistance, it should head to $24 – $26. That area was last tested in mid-April. If it can’t though, it will probably head to $17.50 – $18.30. If the price finds support there, it could be a nice area for a long trade.