Ethereum

Solana

Bitcoin

Rekt

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 A widely followed crypto analyst is taking another look at the Bitcoin (BTC) charts and breaking down Solana (SOL).
 Pseudonymous crypto analyst Rekt Capital&nbsp;tells&nbsp;his 362,100 followers on the social media platform X that BTC still may not have found its range high.
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 “BTC&nbsp;
 Another way of thinking about this chart…
 What if the red Range High resistance has not yet been found?
 Once price rejects strongly, that could cause a deeper retrace over this coming 175-day Pre-Halving period (orange).”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9dGIu8WoAAwNZ5?format=jpg&amp;name=small" alt="" width="1063" height="499">
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 Source: Rekt Capital/X
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 Rekt Capital also&nbsp;breaks down&nbsp;the game plan for BTC moving forward.
 “Accumulate on a deeper retrace in orange
 Re-Accumulate in red
 HODL (hold on for dear life) in green.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9dHbd1XYAAbesX?format=jpg&amp;name=small" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/X
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 BTC is worth $33,924 at time of writing, up 14.5% in the last seven days.
 In the latest edition of the trader’s <a rel="noopener noreferrer nofollow" title="Category Altcoin News" href="https://thebittimes.com/altcoin-news.html">Altcoin News</a>letter, Rekt Capital&nbsp;says&nbsp;the Ethereum (ETH) competitor Solana is looking to complete its highest monthly candle close since April 2021.
 “In recent months, SOL would simply upside wick beyond this black $23.89 resistance before slinking back below said level for a rejection.
 But now, it looks like SOL has broken out from the orange-black range (~$20-$23.89) and rallied straight into the purple area.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://cdn.thebittimes.com/images/2023/10/28/326539979cfa5bbafb11d919fff01589.webp" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/Altcoin Newsletter
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 According to the analyst, the $32-$45 range could become support for SOL.
 “Purple has historically acted as a major area of support in the past.
 The question now is – will it act as a major area of resistance?
 This doesn’t necessarily have to be the case: strong supports don’t have to become strong resistances.
 Especially if SOL is able to perform crucial candle closes within and inside the purple area:”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://cdn.thebittimes.com/images/2023/10/28/9a48377419237fb9db30d9d4c252732e.webp" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/Altcoin Newsletter
 </figcaption>
 </figure>
 SOL is worth $32.10 at time of writing up, 18.5% in the last week.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-takes-another-look-at-bitcoin-btc-breaks-down-top-ethereum-eth-competitor-solana-sol-tbt68155.html">https://thebittimes.com/crypto-trader-takes-another-look-at-bitcoin-btc-breaks-down-top-ethereum-eth-competitor-solana-sol-tbt68155.html</a>

Crypto Trader Takes Another Look at Bitcoin (BTC), Breaks Down Top Ethereum (ETH) Competitor Solana (SOL)

TheBitTimes

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