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Eyes at $3.5, 45% Solana (SOL) Pump May Be Early to U.Today

U.Today – With a recent break above the key resistance level near $102,000 it is still winning. While this move suggests the asset is strong again, there is still a significant test ahead as Bitcoin approaches a key psychological and technical barrier at $105,000.

A favorable macro environment and increasing trading volume helped Bitcoin maintain its uptrend over the past week. BTC retraces the 50, 100 and 200 EMAs on the daily chart indicating that the bullish trend is still in place. With an RSI of 63, the market is showing moderate strength, but still has room to grow before reaching overbought territory. The $105,000 limit is a huge hurdle.

To sustain its current rally, Bitcoin must decisively break this strong resistance level which is in line with earlier highs on the chart. The market could reach $110,000, a level not seen since the start of the last significant rally, if this breakout is successful. A pullback from the $98,000 and $95,000 support levels may occur if the price fails to break through $105,000.

Those levels that were once important resistances now serve as solid areas of support that could reduce Bitcoin’s downside risk. As the recent price of BTC indicates growing institutional and retail interest, the general market sentiment is still cautiously optimistic. In the medium term, a macroeconomic environment that predicts slower interest rate increases contributes to an optimistic outlook for Bitcoin.

The most important level that traders and investors should keep an eye on is the $105,000 mark. Strong volume combined with a clear move above this area could support Bitcoin’s bullish case and pave the way for future gains. However, failure to hold above $105,000 could mean a brief halt to the upside.

It prevails

After recently breaking above $3, XRP is still showing its dominance in the cryptocurrency market and has a lot of momentum. The asset is still firmly positioned as a key performer despite some setbacks thanks to strong trading volumes and favorable on-chain metrics. The price of XRP has risen over the past few weeks breaking through significant resistance levels. Its advance towards $3 and above was fueled by breaking out of a consolidation pattern at around $2.5.

The asset found support above the 50 and 100 EMAs on the daily chart showing the outstanding performance of XRP. Additionally, RSI levels near 68 indicate that XRP is still in a healthy bullish phase without overbought. The next significant target for bullish investors is $3.5, with XRP currently trading at $3.13.

A possible breakout would indicate further upward momentum as this level represents a psychological and technical barrier. Conversely, if the current levels are not sustained, XRP may retest support at $3 or even $2.75. Additionally, on-chain metrics paint a favorable picture of XRP. There have been more than 1 trillion account-to-account payments in recent days, indicating an increase in network usage and activity.

The property’s growing popularity is also supported by a steady increase in the number of active accounts. The fact that XRP can sustain large trading volumes—currently exceeding $230 million on its bullish candles—further demonstrates its dominance. This level of activity suggests that institutional and retail investors are still interested.

In the future, XRP’s path towards $3. 5 depends on current chain strength and general market conditions. A successful breakout of $3.50 could pave the way for further gains, making the $4 mark a realistic target. However, traders should still be on the lookout for potential pullbacks, especially if market sentiment changes or volume declines.

takes all the attention

Solana’s incredible 45% rise in recent days has caught the market’s attention and may indicate a significant trend reversal. A number of significant technical breakouts have coincided with this wave that could open the door to long-term upside momentum. Solana recently broke a number of significant resistance levels such as the 50 EMA at $199 and the 100 EMA at $210.

Previously, there was no significant price recovery due to these levels. A strong bullish signal confirming the potential for a trend reversal is provided by a break above these thresholds. The asset is currently trading above $280 indicating a high level of market confidence. After Solana firmly broke out of its descending channel that had kept the asset under selling pressure for weeks, there was another significant breakout.

By invalidating the bearish structure, this move paves the way for a continuation of the bullish rally. Furthermore, the fact that Solana’s RSI reached 78 indicates strong momentum. This confirms the strength of the buying pressure driving the rally although it also indicates some overbought conditions.

The increase in volume is also significant. During this surge, Solana’s trading volume reached a new high indicating increased market participation and interest. In order to sustain the current uptrend, this is a key component.

Looking ahead, the $300 level may serve as a psychological barrier as Solana encounters the next significant resistance. If this progress is successful, it may lead to higher targets of $350 or more. Support above $250 must hold for the asset to continue its bullish outlook on the downside.

This article was originally published on U.Today





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