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The cryptocurrency market is experiencing a surge of activity as Solana (SOL) robustly defends the $164.50 mark, setting its sights on $216, while Ethereum (ETH) aims for $4.8k amidst shifting market dynamics. Amid these developments, <a href="https://furrevertoken.com/?ref_url=tbt-solethfurr-b-05062024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> is making waves with its unique charm and a limited-time 25% bonus offer. Focused on adorable cat pictures and a strong community spirit, Furrever Token provides a delightful and profitable investment opportunity. With over $1.2 million raised and a promising launch on PancakeSwap, now is the perfect time to maximize your holdings with the bonus code FURR25.
Solana (SOL) Defends $164.50 Like a Fortress, Targeting $216
Solana (SOL), ranking fifth behind the leading cryptocurrency Bitcoin (BTC) with a market value of $79.49 billion, started yesterday at $164.90, tested $164.31, and closed the day with a 4.18% increase at $171.78. Solana (SOL) made a positive start today and is currently trading at $173.66, up 1.09%.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdleg1jYoua29BkGUp5pwN53slXvXYn7_-gOkgQ0o_VinHZo5CbZvRYAUDcwlnjuWBG92s-k0WUfZbqR6dOXOxlMT4CTY6GqNqLt5o9qPSRtETcznqNcOuJBitygMyzb5AarnnEbLaJQwe33ENPiidt9OAWyjrTYRtWb4uowk5zHP4_dHaCNJs?key=Z4oxXvdFXWIYpzRMtk8ReA" width="604" height="300" style="display: block; margin-left: auto; margin-right: auto;">
Solana (SOL) Daily Chart Analysis
Solana (SOL), the fifth-largest cryptocurrency by market value, ended its movement between $116.00 and $164.50, which lasted for over a month, and started to rise. After testing $189, Solana (SOL) faced selling pressure again. Examining the daily chart, we see that Solana (SOL) is currently testing the resistance at $174.31 but has failed to break through it. If Solana (SOL) continues its upward trend, the target levels are $174.31, $197.81, and $216.00. If Solana (SOL) faces selling pressure and closes below $164.50, it may re-enter the $116.00-$164.50 range.
Ethereum (ETH) Targets $4.8k Amidst Market Dynamics
Ethereum (ETH), the second-largest cryptocurrency by market value at $459.04 billion, began yesterday at $3,765.2, tested $3,729.6, and closed with a 1.18% increase at $3,810.8. Today, Ethereum (ETH) started flat and is currently trading at $3,817.6, up 0.18%.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdX3-ti66AHIAcwb0z_GzMX-1Wap_FGugS07lJAU_BokaHTsztS0f7966OQ1T4BgK5Rjq1zctKqQLKpd10keRpgNm4vgr4ZV9kQDgEAWgztVN2rhXXs6QCLX546TS48hhleYkEWje-MzK2Ladwa8ashMPK8LCWyuc02qHzbmpbD8gSzgnALibY?key=Z4oxXvdFXWIYpzRMtk8ReA" width="605" height="301" style="display: block; margin-left: auto; margin-right: auto;">
Ethereum (ETH) Technical Analysis
Ethereum (ETH) initiated a downtrend from $4k in March, reaching a support level at $2,858. Following strong buying ahead of the spot ETF approval news, Ethereum (ETH) rebounded from the $2,858 support and broke its two-month downtrend. Since the spot ETF approval and subsequent sharp rise, Ethereum (ETH) has been trading between $3,750 and $3,950 (highlighted in purple on the chart) for several days. There are two potential scenarios for Ethereum (ETH). In the first, the daily chart shows a flag formation, and with daily closes above $4k, the flag target is 27% above the current price, at $4.8k. In the second, if Ethereum (ETH) fails to break above $4k, a double top pattern may form, indicating a potential pullback to the initial support level of $2,858.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-sol-defends-164-50-like-a-fortress-targets-216-ethereum-eth-aims-for-4-8k-seize-your-25-bonus-with-furrever-token-furr-today-tbt91514.html">https://thebittimes.com/solana-sol-defends-164-50-like-a-fortress-targets-216-ethereum-eth-aims-for-4-8k-seize-your-25-bonus-with-furrever-token-furr-today-tbt91514.html</a>

Solana (SOL) Defends $164.50 Like a Fortress, Targets $216; Ethereum (ETH) Aims for $4.8k; Seize Your 25% Bonus with Furrever Token (FURR) T...

TheBitTimes

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