Ethereum

bullish

Solana

World

The post <a href="https://coinpedia.org/news/ethereum-and-solana-price-prediction-one-altcoin-set-to-thrive-while-another-takes-a-dive/">Ethereum And Solana Price Prediction: One Altcoin Set to Thrive While Another Takes a Dive</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The second largest cryptocurrency Ethereum is experiencing a lot of choppy, sideways price action within a significant unchanged range.<a href="https://www.youtube.com/watch?v=IrGmWoMau6o"> Analyst Josh of Crypto World </a>gave a detailed analysis of Ethereum and Solana and what’s next for these top altcoins. 
Currently, ETH is bouncing from a well-defined support area between $3,150 and $3,250. Additional support levels lie between $2,800 and $2,950. Regarding resistance, Ethereum faces challenges between $3,550 and $3,650, with further resistance between $3,900 and $4,100. The trend and momentum remain relatively neutral as the price continues to oscillate between these support and resistance levels. 
The analyst said that ETH recently rejected the 23.6% Fibonacci level, now acting as resistance at approximately $3,370 to $3,380. This level should be closely monitored in the short term. A confirmed breakout above $3,370 to $3,380, with sustained candle closes and a potential flip to new support, could lead ETH to the next resistance around $3,550 to $3,650. 
What’s Next For Solana? Is $200 On Cards? 
The analyst said that on the daily time frame, SOL is fighting with resistance between $183 and $187. Despite an attempted breakout with a candle wick to the upside, confirmation is still pending. For a breakout to be validated, a daily candle close above $187 is essential, ideally flipping this resistance into new support. 
If confirmed, the next major resistance lies between $200 and $210. The RSI indicator suggests room for further upside, as it is not yet overbought. The trend remains bullish, with higher lows and highs forming, even if short-term resistance poses challenges. Should SOL face a pullback, significant support is anticipated between $170 and $175. Maintaining above $170 would confirm the bullish trend.

Ethereum And Solana Price Prediction: One Altcoin Set to Thrive While Another Takes a Dive

CoinPedia News

Autres articles publiés le 30 juil. 2024

How Will Bitcoin Perform in 2024?

Bitcoin At Crossroads As Smaller Miners Sell, Large Players Accumulate

Charting the crypto week ahead as investors wait for Bitcoin’s ATH

Bitcoin Price Drops After Reaching $70,000

Ethereum ETF Launch Ignites Market with $2.2 Billion Inflows

5 Best Cheap Crypto to Buy Now Under 1 Dollar July 29 – Kaspa, Wormhole, Hedera

Join our free newsletter for daily crypto updates!