Ethereum

bullish

Solana

World

Bitcoin

The post <a href="https://coinpedia.org/news/bitcoin-bulls-eye-92k-ethereum-struggles-to-confirm-trend-and-solana-targets-200/">Bitcoin Bulls Eye $92k, Ethereum Struggles to Confirm Trend And Solana Targets $200</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Bitcoin is currently showing a short-term bullish signal, with the price forming a new pattern that demands close attention. Simultaneously, Solana and Ethereum are encountering a critical area of resistance. <a href="https://www.youtube.com/watch?v=rCGPxO90yQ8">Analyst Josh of Crypto World</a> gave a detailed breakdown of the current trend and also revealed the price levels. 
Bitcoin Price Analysis: 
<a href="https://markets.coinpedia.org/bitcoin/">Bitcoin </a>remains in a larger bull market as indicated by the super trend indicator. Despite some short-term pullbacks, the overall trend since early 2023 continues to be bullish. Bitcoin is currently within a descending broadening wedge pattern on the 3-day chart. Key resistance levels are around $71.7K. 
A confirmed breakout above the $72K resistance with a 3-day candle close could trigger a significant bullish move, potentially targeting $92K. This represents a 28% upside from the breakout point, with even higher potential profits if leveraged trading is applied. 
Also Read: <a href="https://coinpedia.org/news/ethereum-foundation-moves-9-16m-in-tko-tokens-to-bitcoin-suisse-is-taiko-the-next-big-thing/">Ethereum Foundation Moves $9.16M in TKO Tokens to Bitcoin Suisse, Is Taiko the Next Big Thing?</a> 
Ethereum Price Analysis:&nbsp; 
The <a href="https://markets.coinpedia.org/ethereum/">price of Ethereum</a> is currently moving sideways within a broad range. It’s bouncing between the critical support zone of $3150 to $3250. Additional support can be found between $2800 to $2950, while significant resistance lies between $3550 to $3650 and $3900 to $4100. Unlike Bitcoin, which is trending more bullishly, ETH is not in a clear trend and is experiencing a lot of volatility within this sideways range.&nbsp; 
Solana Price Analysis:&nbsp; 
Solana is again facing critical resistance between $183 to $190, a level it has been rejected from multiple times over the past months. Since breaking above $154 to $160, Solana has been trending bullishly, with momentum in the bullish direction.&nbsp; 
For a continued upward move, a confirmed breakout above $187 with a daily candle close is needed, potentially pushing the price towards the next resistance zone between $200 to $210. If rejected at this level, support is expected between $170 to $175, with further support around $160 if $170 is breached.&nbsp;

Bitcoin Bulls Eye $92k, Ethereum Struggles to Confirm Trend And Solana Targets $200

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Ďalšie články zverejnené 29. 7. 2024

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