Ethereum

Convergence

Solana

World

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/crypto-market-analysis-bitcoin-ethereum-and-solana-price-prediction-for-this-week/">Crypto Market Analysis: Bitcoin, Ethereum, and Solana Price Prediction For This Week</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Analyst Crypto World has opened up about the current state of Bitcoin, Ethereum, and Solana. The analyst discussed the key technical indicators and potential scenarios for each cryptocurrency.</p> 
<h2 class="wp-block-heading" id="h-bitcoin"><strong>Bitcoin</strong></h2> 
<p><a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin’s price</a> bounces between $37,900 and $38,500 from a crucial support level. The analyst pointed out a bearish divergence still present on the daily chart, as the Relative Strength Index (RSI) has not yet broken above a descending resistance line. However, the possibility of a bullish reversal is hinted at by the potential formation of a bullish cross in the daily MACD (Moving Average Convergence Divergence).</p> 
<p>While the bearish divergence is technically active, the analyst expressed neutrality in the short term. In the immediate short term, the 2-hour Bitcoin chart displayed a breakout above resistance levels between $41,700 and $42,200. The analyst expected support in this range and warned that a confirmed break below $41,700 could lead to a potential downturn toward $39,500.</p> 
<h2 class="wp-block-heading" id="h-ethereum"><strong>Ethereum</strong></h2> 
<p>The analyst observed that <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum Price</a> is still under a bearish divergence on the daily chart. Despite this, the daily MACD indicated a reduction in bearish momentum, suggesting a more neutral outlook in the short term.</p> 
<p>On the 4-hour chart, the analyst identified a potential short-term bullish scenario, comparing the current price structure to a historical fractal. The possibility of a slight bullish relief or sideways consolidation was mentioned, with a watchful eye on potential outflows from Grayscale influencing the market.</p> 
<h2 class="wp-block-heading" id="h-solana"><strong>Solana </strong></h2> 
<p>The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price analysis</a> focused on the 8-hour timeframe, where the price encountered resistance around $98 to $99. The analyst pointed out potential resistance levels at $102.50 and $108 to $109. A breakout above $99 and a rejection at $102 to $103 could lead to an inverse Head and Shoulders pattern, indicating a bullish trend reversal. Support levels were identified at $91 to $92 and $83.50 to $85.50.</p> 
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Crypto Market Analysis: Bitcoin, Ethereum, and Solana Price Prediction For This Week

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