Rally

Solana

Bitcoin

Hedge

Coin

<a href="https://en.coin-turk.com/bitcoins-next-move-analyst-predicts-btc-will-reach-30000/" data-wpel-link="internal">Bitcoin</a> price is making a comeback to $43,000 as altcoins continue their previously paused rallies. December 19th is witnessing double-digit increases. More importantly, cryptocurrencies that were pulled back to support levels due to <a href="https://en.coin-turk.com/bitcoin-price-analysis-analyst-predicts-a-dip-to-23800/" data-wpel-link="internal">BTC</a>‘s fall are now starting to break through resistances. But is more possible? 
<h2 style="text-align: justify" id="solana-sol-analysis">Solana (SOL) Analysis</h2> 
Since the beginning of 2023, the price of SOL Coin has been increasing within a rising parallel channel. The resistance and support levels of this channel have been confirmed multiple times. At the time of writing, SOL Coin’s price is finding buyers at $75, continuing the day with a 7.2% increase. 
In November, SOL broke out from the resistance trend line of the channel, which accelerated the rally. On December 16th, SOL Coin’s price surged by 865% to $79.5, indicating that the wounds of the FTX collapse had been clearly healed (at least in terms of price). Even though NFTs in the ecosystem remain a significant wreckage, SOL Coin’s price has recovered from the losses caused by institutional flight. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-291212 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/SOL-Coin-Fiyat-Hedefi-1.png" alt="" width="1208" height="493"> 
With the RSI above the neutral zone and the BTC price maintaining $43,000, the overall market sentiment is positive. If the surprise high PCE data does not arrive on Friday, SOL Coin’s price could reach new highs by the end of the year. 
<h2 style="text-align: justify" id="sol-coin-price-target">SOL Coin Price Target</h2> 
Despite general optimism, a popular crypto analyst CryptoPoseidonn admits to looking for the right level to short sell. 
<blockquote> 
 “I want to open a short position, but the price still maintains market structure; this could be the overall peak, but I want to wait for a break in the 4-hour trend first. If we take it, the trigger will be an arrow.” 
</blockquote> 
CryptoBusy, on the other hand, wants to be sure of new highs without convincing closures above the $78 level. 
<blockquote> 
 “There is still a need for a strong push to break above $78. 
 If it breaks and confirms this price, I’ll believe we are close to $90 and then $107. 
 However, the market is still in a waiting game. Be patient, guys.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-291213 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/SOL-Coin-Fiyat-Hedefi-2-.png" alt="" width="1203" height="491"> 
Elliot wave counting indicates that SOL is in the process of setting a new peak in the third wave of a five-wave rise. This stage is usually pregnant with significant increases, and SOL Coin has achieved this. Since the last peak is convincing for the third wave, a correction towards $55 could be expected. 
However, daily chart closures above $73 could extend the third wave’s peak towards $95. Continue Reading: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-continue-their-rally-amid-hedge-fund-purchases/" data-wpel-link="internal">https://en.coin-turk.com/bitcoin-and-altcoins-continue-their-rally-amid-hedge-fund-purchases/</a>

Bitcoin and Altcoins Continue Their Rally Amid Hedge Fund Purchases

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