King cryptocurrency Even though the unit has experienced sudden declines, it is trying to achieve permanence above $ 76,000. BTC, which carries its all-time record level higher day by day, has finally started one of the classic upward cycles after a long time. Well, experts say Solana, Bitcoin $76,133 And what are their current predictions for altcoins?
Solana and Ethereum
SOL Coin price At $198, closings above $188 gave the expected result. Ethereum $2,916Solana, ‘s biggest rival, was in the middle of a great destruction 2 years ago these days. 2 years have passed since the collapse of the FTX exchange, and SOL Coin, which dropped to $ 8, is now stalling above $ 200. This is an excellent example of how volatile cryptocurrencies are.
In his latest assessment, Daan Crypto Trades wrote the following for Solana (SOL);
“SOL reached $200. This is the last major resistance before a move back to all-time highs.
The chart looks solid, it has created a nice base around this area. “It just needs to break this weekly resistance and it should be good to continue.”
The second analyst is Yoddha and Ethereum He wants everyone to examine his chart, which has adapted the previous cycle to today. If the previous cycle move repeats, ETH price will need to move towards a major cycle top towards $15,000. As the article was being prepared, ETH continues to linger at the 3 thousand dollar limit.
Bitcoin and Altcoins
Kyledoops discussed the upward movement following the elections. Many experts write that the peak at $76,849 is temporary and there must be more. Kyle agrees. So what data supports this view? He drew attention to the MVRV rate in his analysis today.
“After Trump’s election, Bitcoin skyrocketed to a record high, but MVRV The indicator remains stable, hovering just above 2.
Typically, a bull market peaks when MVRV exceeds 3, indicating that full market exuberance may still be on the horizon.”
So yet BTCThere’s so much left to go. What about altcoins? Mustache simply shared the chart below and said that the accumulation process is over and now the big movement will begin in altcoins.
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.