You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-experience-a-market-correction/" data-wpel-link="internal">Bitcoin and Altcoins Experience a Market Correction</a> 
We have not had a good 24 hours for altcoins, and the Spot <a href="https://en.coin-turk.com/why-isnt-bitcoin-price-rising-despite-etf-approvals/" data-wpel-link="internal">Bitcoin</a> ETF exits reminded us that we will not see a half-billion-dollar accumulation every day. The expected price correction arrived without much delay, and Bitcoin fell below $52,000. As the article is being prepared, it continues to linger around the $51,000 level, below the key region. There is also a reasonable decline in altcoins according to their support levels. 
<h2 style="text-align: justify" id="solana-sol">Solana (SOL)</h2> 
Since dropping to $79 in January, the SOL Coin price has been increasing. However, BTC declines also affect it, with the price retreating to the $100 level in the last 24 hours and now finding buyers at $104. The popular altcoin is so strong thanks to the support of the hype in the network whenever BTC makes an upward move. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-318296 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/SOL-Coin-Fiyati-Kac-Dolar-Olacak.png" alt="" width="1888" height="771"> 
The $100 level has been acting as a key region in the price corrections for a long time. We should see the upward potential continue as long as the price remains above this resistance area. The weekly chart’s RSI indicates that the bulls maintain their advantageous position. 
<h2 style="text-align: justify" id="sol-coin-price-prediction">SOL Coin Price Prediction</h2> 
The readings on the daily chart are complex, but the Elliott wave count gives us the opportunity to see possible levels and potential. On the other hand, since its peak on December 25, 2023, SOL Coin has been trading within a symmetrical triangle, and this neutral formation serves as a warning of an impending breakout. 
A popular cryptocurrency analyst, <a href="https://coin-turk.com/ethereum-icin-hedef-buyuttuler-analistlerin-eth-fiyat-tahminleri" data-wpel-link="internal">Altcoin</a> Sherpa, believes that investors waiting on the sidelines have finally caught the opportunity. 
<blockquote> 
 “SOL: Buying around $100 seems right; it’s still a very volatile chart. I think just buying and holding is a good option for people. SOL Coin is at a good level for those considering a long-term purchase”. 
</blockquote> 
Returning to the Elliott wave count, SOL Coin’s price suggests it is consolidating for another upward move. The most likely count shows that SOL is in the third wave of a five-wave upward movement, targeting $145. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-318297 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/SOL-Coin-Kac-Dolar-Olacak.png" alt="" width="1890" height="771"> 
While the wave count for a new peak is promising, a downward breakout from the symmetrical triangle could roll the SOL Coin price back to $69. These will be the potential extreme targets for SOL Coin in the coming weeks. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-experience-a-market-correction/" data-wpel-link="internal">Bitcoin and Altcoins Experience a Market Correction</a></h5>

Bitcoin and Altcoins Experience a Market Correction

Table of Contents

COINTURK NEWS

Other articles published on Feb 22, 2024

Top AI Crypto Coins to Keep a Close Watch During this Bull Cycle

SHIB Lead Dev Gives Major Update On Shiba Inu ERC404 Tokens

Nvidia Reports a 265% Surge in Revenue Due to Rising AI Equipment Demand

Artificial Intelligence-Based Tokens and Stocks Surge Despite Market Correction

Paris Saint-Germain Joins the Chiliz Chain Validator Network

Render Price Prediction: RNDR Surges 19% As Nvidia Earnings Boost AI Coins And Analysts Say This ...

Join our free newsletter for daily crypto updates!