This Chart Is Pro-Solana: Is It Time To Sell ETH For SOL?
For the last two years, Ethereum (ETH) has outperformed Solana (SOL), looking at the performance in the weekly chart. However, according to one technical analyst on X, this is about to change, especially considering the candlestick arrangement of the SOLETH chart on the weekly chart. Will SOL Outperform ETH In 2024 And 2025? Sharing a screen grab, the analyst who goes by the handle “CryptoGodJohn” on X is optimistic, saying at spot rates, this can be the “right” time for traders to swap their ETH for SOL before the next leg up that will push SOL higher in the next....
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Solana depreciated by almost 6% over the last 24 hours as the broader market started to get choppy. Bitcoin was seen trading below the $40,000 mark while Ethereum broke the support level of $3,000. The global market currency cap stood at $1.94 Trillion after a fall of 6% over the past day. Solana had depicted considerable recovery on charts as it broke subsequent price ceilings over the past week. The coin had managed to revisit the $110 level which the coin hovered near thrice in the past week or so. Following the recent dip, buyers decided to exit the market as the coin witnessed a....
Solana was on a downtrend as the bulls have lost steam after SOL fell below the support line of $38. Over the last 24 hours the coin depreciated 4% and in the last week, the coin fell by 8%. Price of Solana was pushed to $33, however, at press time the coin was trading slightly above the support line. Bitcoin too struggled below the $20,000 mark and the altcoins walked the same price path. Broader market weakness continues to contribute towards the altcoins bearish pressure. One the daily chart, Solana had formed an ascending triangle but it managed to break below the same. If the coin....
Solana Price shot up by 8% over the last 24 hours, painting a bullish chart. Over the past week, the altcoin soared almost 17%. This made Solana one of the top gainers in the past week. Solana has been able to break past its $33 mark and has turned bullish on its chart. It also formed a bullish pattern, thereby giving hope to traders. Solana might encounter rigid resistance at the $41 price zone. Many altcoins have managed to flash signs of optimism as Bitcoin started to trot up on its chart. The technical outlook pointed toward the bulls taking over as demand for Solana shot up. Traders....
Solana (SOL) appears to be on a moon mission. In the daily chart, SOL has moved against the current market sentiment and reached a new all-time high at $42,58. After a minor drop, the cryptocurrency trades at $41,79 with even bigger gains in the 7-day (+65.3%) and 30-day chart (+207.2%). Anonymous trader “Kaleo” has been […]
Solana price was off to a good start this week despite choppy market conditions. The bulls have tired out over the last 24 hours. In the past day, the altcoin fell by 3%. Solana prices have risen by nearly 6% in the last week. The technical indicator continued to demonstrate that the bears were in control at press time. If buying strength continues to head in the same direction, then most of the coin’s weekly gains would be nullified. The technical outlook for the coin was negative as the sellers took over at the time of writing. The current support zone for the coin is between $33....