Ethereum

Solana

Bitcoin

Spot

<h2 id="span-data-font-font-size-style-font-size-20px-five-green-weekly-candles-signal-sustained-market-momentum-span">Five green weekly candles signal sustained market momentum</h2>
<ul>
 <li>Bitcoin Spot ETF approval sparks strong optimism in the crypto market.</li>
 <li>Cathie Wood, CEO of ARK Invest, praises Solana's speed, propelling <a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" class="f-link" rel="noopener noreferrer nofollow">SOL</a> prices upward.</li>
 <li>Wood compares Ethereum to a cheaper and faster alternative to Bitcoin but suggests Solana may surpass it.</li>
 <li>The Solana blockchain emerges as a promising alternative, potentially displacing Ethereum.</li>
 <li>Bullish sentiments surrounding Solana's future fuel optimistic SOL price predictions.</li>
</ul>
<h3 id="span-span-data-font-font-size-style-font-size-18px-technical-views-span-span">Technical Views:</h3>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" style="" rel="noopener noreferrer nofollow">Coingabbar Price Analysis</a> highlights a channel breakout and a parabolic recovery trend in SOL prices.</li>
 <li>The uptrend sees active buyer participation, particularly after SOL surpasses the $50 mark.</li>
 <li>Notably, the high-speed breakout rally is supported by a significant surge in trading volume.</li>
 <li>A long-term trend reversal is indicated by a bullish turnaround, as observed in the 1-week chart.</li>
 <li>Over the past five weeks, a substantial 200% increase is driven by dominant bullish candles, reflecting robust underlying demand.</li>
 <li>In the weekly chart, SOL price action reveals a rounding bottom breakout, with the neckline identified at $60.</li>
 <li>The 4-hour chart shows a channel pattern breakout, leading to an approximate 20% increase in SOL price.</li>
 <li>Currently, on the 4-hour chart, Solana price is trading within a range, featuring long-bodied doji candles that suggest a potential shift in direction.</li>
 <li>Anticipation is growing for SOL price to attain the psychological milestone of $100, with the likelihood increasing.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $66.50-$68.00
SUPPORT LEVEL : $63.00-$61.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

SOLANA TECHNICAL ANALYSIS-$64.50:Is Massive Correction On The Horizon?

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