Casa Paura e avidità Piscine minerarie Portafogli Dizionario pubblicizzare Facebook Twitter Telegram Reddit Youtube
Mercato:
24h Vol:
Cryptocurrencies: 2797
Mercata: 83571
CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
Mercato
24h Vol
2797
Cryptocurrencies
53.36%
Bitcoin Condividere
NewsBTC 2024-06-24 11:30:56

Solana Slides 13% – Can It Recover Despite Analyst’s $1,000 Prediction?

Solana Slides 13% – Can It Recover Despite Analyst’s $1,000 Prediction?

Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility. After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving investors wondering what lies ahead. Related Reading: Toncoin On Fire: Crypto Explodes To All-Time High – Can It Hit $10? Technical analyst, Patel, believes he may have charted a course for the high-speed blockchain’s future, and it involves a refreshing beverage. Examining the weekly SOL/USDT chart, Patel identifies a classic “Cup and Handle” pattern, a bullish indicator that resembles, well, a cup and its handle. Frothy Past, Steady Handle: A Recipe For A Breakout? The “cup” portion of the pattern, according to Patel, stretches from mid-2021 to mid-2022, encompassing Solana’s meteoric rise and subsequent fall. The current consolidation phase forms the “handle,” a period where the price steadies after the initial parabolic movement. For SOL bulls, the key hurdle lies in surpassing the resistance zone around $200-$225, a level that has historically acted as a psychological barrier. A successful breach of this resistance could be the first sip of a bullish resurgence. #SOLANA $1000 Roadmap 🚀$SOL pic.twitter.com/s7KipEbDTd — Crypto Patel (@CryptoPatel) June 22, 2024 $520 Or $1,042: Patel’s Ambitious Price Targets Patel’s analysis ventures beyond the immediate resistance, outlining two potential price targets for SOL in the medium to long term. The first target, TP1, sits at $520, a level that would revisit previous highs and signify a significant upswing. But Patel doesn’t stop there. His second target, TP2, raises eyebrows at a staggering $1,042, reflecting an extremely optimistic long-term view. However, reaching these lofty heights hinges on completing the handle formation entirely. This could involve a further consolidation phase and a potential pullback, a necessary evil to gather momentum for a powerful breakout. Can SOL Weather The Short-Term Squall? While Patel’s analysis paints a rosy long-term picture, the short-term forecast for SOL is a bit cloudier. Current market indicators suggest a bearish undercurrent, with Solana trading below its 100-day Simple Moving Average (SMA). The Relative Strength Index (RSI) adds to the bearish sentiment, hovering below 50% and flirting with oversold territory. Related Reading: Forget The Dip! XRP Primed For Epic Rally To $36, Expert Claims In the immediate future, SOL could face a potential downside scenario, with some analysts predicting a dip towards the $118 support level, or even as low as $99. However, there’s always a chance of a reversal. If the tides turn, SOL could potentially surge past the $140 resistance level, setting its sights on loftier targets like $160 and $188. Patel’s analysis serves as a strategic roadmap for investors navigating the choppy waters of the cryptocurrency market. While SOL may encounter some short-term turbulence, the long-term outlook remains bullish, contingent on breaching crucial resistance levels and maintaining upward momentum. Featured image from Lookphotos, chart from TradingView

La maggior parte ha letto le notizie

Mercato
24h Vol
53.36%
Bitcoin Condividere
344
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta