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$SOL /USDT price analysis Solana (SOL) is trading at approximately $194.19, reflecting an increase of about 6.56% over the past 24 hours. Technical analysis indicates that SOL has been experiencing a bullish trend since August 2024, characterized by higher highs and higher lows. This upward momentum suggests the potential for continued growth, though the duration of this trend remains uncertain. However, it's important to note that SOL is currently trading below its all-time high of $264, reached in November 2024. The current price represents a decline of approximately 26.5% from that peak.
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$ETH /USDT price analysis Ethereum (ETH) is trading at approximately $3,452.94, reflecting an increase of about 4.92% over the past 24 hours. Technical analysis indicates that ETH is currently testing the 50-day Simple Moving Average (SMA) around $3,432. A sustained move above this level could signal a bullish trend, potentially targeting the $4,000 mark. Conversely, failure to maintain this support may lead to a decline toward the $3,200 psychological level. Recent chart patterns, such as the formation of an Adam and Eve and a triangle pattern, suggest a bullish outlook with a potential target of $4,000.
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