Ethereum

Cryptocurrency

Solana

2024

Bitcoin

Cryptocurrency analytics firm MarktQuant has released its latest assessment of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), offering insights into market trends and valuations using its proprietary quantitative model.
The report highlights mixed signals across the three assets, reflecting the different momentum in price movements of each.
Bitcoin’s valuation score rose to -0.24, indicating an increase in trend momentum. Although a crossover above 0 typically indicates a continuation of the rally, the most recent crossover on September 26, 2024 failed to sustain this rally. MarktQuant noted that the trend is losing strength despite the current long position.
“While BTC remains in a long trend, weakening momentum suggests that further gains may be limited without stronger buying pressure,” the firm explained.
Ethereum’s valuation score rose to -0.69, indicating a small increase in positive momentum. However, MarktQuant’s system remains in cash (neutral), waiting for a clearer signal of a trend reversal.
“The valuation score shows that ETH is approaching a neutral zone, but this is not yet enough to trigger a change in trend,” MarktQuant said, emphasizing that ETH’s outlook remains cautious.
Related News: <a href="https://en.bitcoinsistemi.com/according-to-analysis-company-bitcoin-may-have-seen-a-local-bottom-heres-what-to-expect/" target="_blank" rel="noopener noreferrer nofollow">According to Analysis Company, Bitcoin May Have Seen a Local Bottom: Here's What to Expect</a>
Solana showed a notable improvement, with its valuation score rising to -0.46.
The firm suggests that SOL could soon re-enter a long trend if momentum continues to build.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analytics-firm-assesses-the-state-of-bitcoin-btc-ethereum-eth-and-solana/" rel="noopener noreferrer nofollow">Analytics Firm Assesses the State of Bitcoin (BTC), Ethereum (ETH) and Solana</a>

Analytics Firm Assesses the State of Bitcoin (BTC), Ethereum (ETH) and Solana

Bitcoin Sistemi EN

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