Important employment data for the USA will be announced next week and BTC has been performing negatively for days. The environment in which altcoins can rise is now forming, albeit slowly. While the BTC price is stalled at $97,450 at the time of writing, altcoins continue the day with gains. Alright ETH And SOL Coin What are the predictions for? What awaits altcoins?
Solana (SOL) and Ethereum (ETH) Comment
SOL Coin It is on the verge of $218 again and the decline seems to be over. It is quite positive that altcoins, which were traded below key areas for a long time, are starting to regain their resistance levels.
In his analysis today, Rager wrote that the SOL Coin price could make a larger peak, exceeding $225. Drawing attention to the strength of the 200D EMA level, the name was not surprised by the return that started from here. Since the trend is upward, markets are expected to target greater peaks, especially in the first two quarters of 2025, despite intermediate declines.
ETH It tested the important $3,980 resistance level 3 times. In its last test, it rose to $4,100, achieving something it has not done since 2022. However, altcoins now need to leave this difficult region behind for further rises in general.
In accordance with the principle that the more resistance levels are tested, the weaker they become, the key wall that has been tested three times on the weekly chart must now be broken. At the time of writing ETH price It lingers at $3,567.
Altcoin Bullish Begins
We hear this from many analysts these days. When we put together historical data, news flow and the nightmare that has been going on for years, investors definitely deserve such a bullish period. So will this happen?
Mustache shared the chart below and wrote that the rise period has already begun in altcoins and that we can see bigger gains in the first three months of this year.
“TOTAL2 – Begins – BREAKOUT. (The Total2 chart tracks the total market cap size of altcoins.)
Listen to Mustache on this loop. Jokes aside, as expected yesterday, Altcoinmarketcap looks great and now we have seen the breakout. I hope it helped again?”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
