SOL Coin Could Peak in the $1000-$4000 Range$SOL
In the medium term, $324 and $389 are targeted for SOL Coin.
XRP Coin could rise to $6.45. At the time of writing, Bitcoin is trading at $99,000 and is very close to reaching six-figure prices for the first time. Now, it only needs to break through this historical psychological resistance level with a very small increase. XRP Coin managed to break through the targeted levels in this process because the SEC will no longer be able to pressure Ripple. SOL Coin also seems to be on the verge of a major rally.
Ripple (XRP)$XRP
The price of XRP Coin is at $1.47 at the time of writing and started the day with a 32% increase. We have not seen such big increases in large market cap altcoins like XRP Coin for a long time. However, with the SEC's change in its anti-crypto stance, such a result has emerged as a result of the years-long struggle between Ripple $1 and the SEC. XRP investors have had a hard time with the negative news from the SEC for a long time. However, the situation seems to have changed now. Efloud shared its extensive XRP Coin evaluation before the opening of the US markets today.
XRP has not usually been a coin that has been slow to rise in its rallies, which can be confirmed by historical data. I remember trading on Poloniex in 2016-2017. This chart is also useful for identifying potential support and resistance levels.
If this rise sees a correction, $1.155 could be a good buy level. Another option, according to the charts, could be $0.78 and slightly below.
In the past, some "Daily Imb" levels worked regularly and I marked these areas on the chart. There is also an unfilled gap area for now and I will follow this area. I do not plan to sell my invested positions, but if I see any weakness (confirmation structures), I may consider opening a short position in those areas with a hedge logic.
My most frequently asked target is the $6.45 level seen on the chart. As I stated before, I do not plan to sell the positions I have taken for investment purposes and the coins I hold for medium-long term trading before +$3.
Solana (SOL)
Trader Tardigrade announced his cycle targets in today’s Solana (SOL) review. The analyst, who stated that the price is heading for much higher targets after breaking the $20 and $150 levels, states that SOL can go up to the $1000-$4000 range. If the activity on the network remains strong and Bitcoin peaks above the $100,000 level, he says these levels can be reached. Another analyst, TraderSZ, points to targets of $324 and $389 after the $260 level is broken.
“After the $260 level is broken, I think we should head towards the $324 and $389 levels respectively. But I am waiting here to see if there will be a pullback first or if there will be a retest of the $260 level.”