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Solana ($SOL) Explodes: Is It Just the Beginning?
Solana ($SOL) just soared to $246.18, wiping out $81,978 worth of shorts in a dramatic price surge! Bulls took over, forcing traders to rush in, and the market exploded with unstoppable momentum.
SOLUSDT
Perpetual
254.65
+8.62%
What's Driving the Increase?
1. Strong Developer Growth: Solana is powering more apps, games, and tools than ever before.
2. Big Money Interest: Institutions are eyeing $SOL as a major competitor to Ethereum.
SOLUSDT
Perpetual
254.65
+8.62%
What's Driving the Increase?
1. Strong Developer Growth: Solana is powering more apps, games, and tools than ever before.
2. Big Money Interest: Institutions are eyeing $SOL as a major competitor to Ethereum.
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🔥 Solana Price Target is $400 After Monthly Cup and Handle Breakout — Analyst 😱
$SUN
👀 Solana price approaches its all-time high as the network’s DEX volumes surpass $40 billion.
SOL’s ticker is down to $246.23, which is 8% below its ATH of $260, and several analysts believe that the fourth-largest cryptocurrency is awaiting a period of price discovery. SOL’s next move will easily reach its $400 price point.
🔥🔥🔥 THE IMPORTANCE OF SOCIALFI IN THE FUTURE OF CONTENT CREATION
SocialFi, the intersection of social media and decentralized finance (DeFi), is transforming content creation by empowering creators and users through blockchain technology. Unlike traditional platforms that centralize control and monetize user engagement without direct community benefits, SocialFi enables creators to build decentralized ecosystems where they own their content, audience, and revenue streams. This paradigm shift ensures fairer rewards, transparency, and community-driven growth, fostering a more inclusive digital economy.
👀 Solana price approaches its all-time high as the network’s DEX volumes surpass $40 billion.
SOL’s ticker is down to $246.23, which is 8% below its ATH of $260, and several analysts believe that the fourth-largest cryptocurrency is awaiting a period of price discovery. SOL’s next move will easily reach its $400 price point.
🔥🔥🔥 THE IMPORTANCE OF SOCIALFI IN THE FUTURE OF CONTENT CREATION
SocialFi, the intersection of social media and decentralized finance (DeFi), is transforming content creation by empowering creators and users through blockchain technology. Unlike traditional platforms that centralize control and monetize user engagement without direct community benefits, SocialFi enables creators to build decentralized ecosystems where they own their content, audience, and revenue streams. This paradigm shift ensures fairer rewards, transparency, and community-driven growth, fostering a more inclusive digital economy.
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This layout for viewing posts in the square navigation is horrible!!
Binace, please go back to the previous mode
#Binace #SquareCreatorAwards2024 #BINANCEBRAZIL
Binace, please go back to the previous mode
#Binace #SquareCreatorAwards2024 #BINANCEBRAZIL
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Price Prediction: Solana Hits Three-Month High Above $180 After Four-Day Rally
Solana prices rise for the fourth day, reaching the $180 barrier for the first time in three months.
SOL's March 2024 high of $210 is its upside target.
Tuesday saw Solana (SOL) hit a near three-month high above $180 for the fourth consecutive day. Monthly active addresses on the Solana network are rising rapidly, indicating strong trader demand and supporting the bullish price prediction for the native token.
Solana reports significant growth in monthly active addresses.
SOL's March 2024 high of $210 is its upside target.
Tuesday saw Solana (SOL) hit a near three-month high above $180 for the fourth consecutive day. Monthly active addresses on the Solana network are rising rapidly, indicating strong trader demand and supporting the bullish price prediction for the native token.
Solana reports significant growth in monthly active addresses.
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BTCUSDT Cup and Handle on Weekly
This Will Shock You, BTCUSDT Cup and Handle on the Weekly
I just tested the built-in indicator, it's interesting, on the weekly chart Bitcoin seems to have formed a Cup and Handle pattern. That could mean 2x from this level, lol.
It's not financial advice, it's just interesting what the indicator shows as an educational idea.
BTC Longo
The bigger picture of market price action now suggests BTC is headed to 74K.
The bears failed to push the price below 65K. The bulls quickly intervened to push the price above 66.8K.
I just tested the built-in indicator, it's interesting, on the weekly chart Bitcoin seems to have formed a Cup and Handle pattern. That could mean 2x from this level, lol.
It's not financial advice, it's just interesting what the indicator shows as an educational idea.
BTC Longo
The bigger picture of market price action now suggests BTC is headed to 74K.
The bears failed to push the price below 65K. The bulls quickly intervened to push the price above 66.8K.
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Tether CEO Paolo Ardoino refutes US research claims
Tether CEO Paolo Ardoino has denied allegations that the company is facing an investigation by the US government.
This comes in response to a Wall Street Journal report about an alleged investigation by US authorities into Tether’s involvement in sanctions violations and anti-money laundering (AML) transgressions. The investigation is reportedly being led by the US Attorney’s Office in Manhattan.
According to unnamed sources cited by the WSJ, the investigation is focusing on whether Tether was used in illegal activities such as drug trafficking, terrorism and hacking. “There is no indication that Tether is under investigation,” Ardoino said on X (formerly Twitter).
This comes in response to a Wall Street Journal report about an alleged investigation by US authorities into Tether’s involvement in sanctions violations and anti-money laundering (AML) transgressions. The investigation is reportedly being led by the US Attorney’s Office in Manhattan.
According to unnamed sources cited by the WSJ, the investigation is focusing on whether Tether was used in illegal activities such as drug trafficking, terrorism and hacking. “There is no indication that Tether is under investigation,” Ardoino said on X (formerly Twitter).
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Small DUMP To 66K After#TetherInvestigation Rumors
Bitcoin and other cryptocurrencies have witnessed a sharp drop as there is news circulating that the US government is launching an investigation into cryptocurrency company USDT Tether.
This isn’t the first time they’ve gone after tether (USDT).
After a spike at 66K, a quick return to 67,100k
#tether #btc #FUD #MarketDownturn
This isn’t the first time they’ve gone after tether (USDT).
After a spike at 66K, a quick return to 67,100k
#tether #btc #FUD #MarketDownturn
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Solana ($SOL) Analysis - 10/24/2024 Solana ($SOL) has been an extraordinary performer.
Solana ($SOL) Analysis - 10/24/2024
Solana ($SOL) has been an extraordinary performer throughout 2023 and 2024. It’s amazing to reflect on how the narrative has changed since the FTX crash, when many believed SOL was headed to zero. I remember advising to buy as much as possible when it was around $10, and even a bit lower. Now, with over 16x returns since then, it’s incredible to consider that the bull market hasn’t really begun yet.
Solana ($SOL) has been an extraordinary performer throughout 2023 and 2024. It’s amazing to reflect on how the narrative has changed since the FTX crash, when many believed SOL was headed to zero. I remember advising to buy as much as possible when it was around $10, and even a bit lower. Now, with over 16x returns since then, it’s incredible to consider that the bull market hasn’t really begun yet.
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Smart Money Accumulates #Chainlink: A ← WISE HAMSTER NE... Is $20 Rally Coming? 🤑
⛓️Chainlink (💲LINK) is experiencing an uptrend, with smart money investors making it the third most accumulated token over the past week. Technical indicators show a breakout from a double bottom pattern, suggesting a potential price increase.
Key activity includes a 25% increase in new addresses and a 59% increase in active addresses, suggesting increased market engagement. With#LINKcurrently trading at $12.05, analysts predict it could reach $20 by the end of the year, fueled by increased trading activity and strong investor interest. If the current momentum continues, a 70% return on investment is on the table. 💰🪙💵
Key activity includes a 25% increase in new addresses and a 59% increase in active addresses, suggesting increased market engagement. With#LINKcurrently trading at $12.05, analysts predict it could reach $20 by the end of the year, fueled by increased trading activity and strong investor interest. If the current momentum continues, a 70% return on investment is on the table. 💰🪙💵
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Bitcoin drops to $66K, Ether plummets 5% in selloff. And Solana...🤔
Cryptocurrencies fell today along with the broader stock market.
Among major tokens, Ether performed particularly poorly, falling 5%.
SOL/ETH hit a new all-time high, while ETH/BTC made new lows.
Cryptocurrencies fell on Wednesday alongside a drop in traditional markets overall.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market cap, excluding stablecoins and exchange-traded currencies — is down 2.6% over the past 24 hours, with Chainlink LINK the worst performer, down 7.6%. The only project to buck the downward trend was Internet Computer ICP, which rose 1%.
Among major tokens, Ether performed particularly poorly, falling 5%.
SOL/ETH hit a new all-time high, while ETH/BTC made new lows.
Cryptocurrencies fell on Wednesday alongside a drop in traditional markets overall.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market cap, excluding stablecoins and exchange-traded currencies — is down 2.6% over the past 24 hours, with Chainlink LINK the worst performer, down 7.6%. The only project to buck the downward trend was Internet Computer ICP, which rose 1%.
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🚀📈 How high can Solana ($SOL) go in 2025?
$SOL
🚀 Solana's Recent Performance
The Solana (SOL) ecosystem has seen a 500% surge in the past year but has yet to reclaim its all-time high of $260. SOL is currently trading at $165.43, up 7% in the past week despite recent declines.
📉 Why did Solana price drop?
The latest SOL drop is linked to the sale of 40,000 SOL by the Pump Fun Fee Account, raising concerns about future price movements. So far, Pump Fun has sold 500,000 SOL, contributing to the price pressure.
🚀 Solana's Recent Performance
The Solana (SOL) ecosystem has seen a 500% surge in the past year but has yet to reclaim its all-time high of $260. SOL is currently trading at $165.43, up 7% in the past week despite recent declines.
📉 Why did Solana price drop?
The latest SOL drop is linked to the sale of 40,000 SOL by the Pump Fun Fee Account, raising concerns about future price movements. So far, Pump Fun has sold 500,000 SOL, contributing to the price pressure.
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"This means that the price of SUI could reach approximately $26.32 — a big jump from its current value of $2.05."
Excellent analysis on this euphoria with SUI. Its market capitalization does not allow it to have a value as high as everyone imagines and buys with Solana. The greater the amount of Tokens, the greater the need for liquidity to gain volume in the price.
Worth reading!
Good Profits! 💵 🤑💲
$SUI $SOL
Excellent analysis on this euphoria with SUI. Its market capitalization does not allow it to have a value as high as everyone imagines and buys with Solana. The greater the amount of Tokens, the greater the need for liquidity to gain volume in the price.
Worth reading!
Good Profits! 💵 🤑💲
$SUI $SOL
How High Could SUI Go If It Matches Solana’s Market Cap?
Date: Sat, Oct 19, 2024, 02:18 PM GMT
In 2024, Sui Network (SUI) has made waves, skyrocketing by over 150% and drawing attention as a serious contender among Layer-1 blockchains. In contrast, Solana (SOL), another leader in the Layer-1 space, has posted a more modest but still impressive 50%+ gain so far this year.
Source: Coinmarketcap
With this growth, crypto enthusiasts and traders are now comparing SUI’s potential to Solana's explosive 2021 bull run. Prominent trader ToreroRomero recently sparked discussions on X (formerly Twitter), hinting that SUI might be on a similar trajectory to Solana's meteoric rise.
Credits: ToreroRomeroBut how high could SUI’s price climb if it matches Solana’s current market cap? Let’s break down the numbers.
Current Data: SUI vs. SOL
To make an accurate comparison, here are the latest stats for both SUI and SOL:
SUI
Price: $2.05Market Cap: $5.67 billionCirculating Supply: ~2.76 billion tokens
Solana (SOL)
Price: $154.44Market Cap: $72.6 billionCirculating Supply: ~469.9 million SOL
What Would SUI’s Price Be at Solana’s Market Cap?
If SUI matches Solana’s $72.6 billion market cap, its new price can be calculated as:
This means SUI’s price could reach approximately $26.32—a huge jump from its current value of $2.05.
How Much Growth Would SUI Need?
To achieve $26.32, SUI’s price would need to increase:
This translates to a 12.8x gain—ambitious, but not impossible, especially during a strong bull market.
What Could Drive SUI to Solana’s Market Cap?
For SUI to hit a $72.6 billion market cap, several factors must align:
Ecosystem Growth: SUI must continue expanding its ecosystem. Recent increases in Total Value Locked (TVL), daily transactions, and the popularity of Sui-based memecoins are promising signs.Bull Market Momentum: With Bitcoin’s halving completed this year, the crypto market could enter a bull run similar to 2021—creating favorable conditions for assets like SUI to surge.Strong Partnerships: Building partnerships with developers, DeFi projects, and other blockchain players will be essential to drive adoption and attract users.
Risks and Challenges
While the potential is exciting, there are several hurdles SUI must overcome:
Intense Competition: SUI faces competition from Layer-1 giants like Ethereum, Avalanche, and Polkadot, all of which are also expanding their ecosystems.Market Volatility: Even with positive developments, crypto markets are notoriously unpredictable. Sudden downturns could slow SUI’s progress.Sustained Performance: To match Solana’s growth, SUI needs to maintain consistent performance and user engagement.
Conclusion
If SUI reaches Solana’s $72.6 billion market cap, its price could skyrocket to around $26.32—a massive leap from today’s $2.05. Achieving this will require strong ecosystem growth, favorable market conditions, and strategic partnerships.
However, it’s important to note that this is only speculation, and the actual price of SUI could vary in the future depending on market conditions, network developments, and other external factors. Crypto markets are highly unpredictable, and what seems achievable today might not reflect reality tomorrow.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct thorough research before investing in cryptocurrencies.
#SUI #SOL
In 2024, Sui Network (SUI) has made waves, skyrocketing by over 150% and drawing attention as a serious contender among Layer-1 blockchains. In contrast, Solana (SOL), another leader in the Layer-1 space, has posted a more modest but still impressive 50%+ gain so far this year.
Source: Coinmarketcap
With this growth, crypto enthusiasts and traders are now comparing SUI’s potential to Solana's explosive 2021 bull run. Prominent trader ToreroRomero recently sparked discussions on X (formerly Twitter), hinting that SUI might be on a similar trajectory to Solana's meteoric rise.
Credits: ToreroRomeroBut how high could SUI’s price climb if it matches Solana’s current market cap? Let’s break down the numbers.
Current Data: SUI vs. SOL
To make an accurate comparison, here are the latest stats for both SUI and SOL:
SUI
Price: $2.05Market Cap: $5.67 billionCirculating Supply: ~2.76 billion tokens
Solana (SOL)
Price: $154.44Market Cap: $72.6 billionCirculating Supply: ~469.9 million SOL
What Would SUI’s Price Be at Solana’s Market Cap?
If SUI matches Solana’s $72.6 billion market cap, its new price can be calculated as:
This means SUI’s price could reach approximately $26.32—a huge jump from its current value of $2.05.
How Much Growth Would SUI Need?
To achieve $26.32, SUI’s price would need to increase:
This translates to a 12.8x gain—ambitious, but not impossible, especially during a strong bull market.
What Could Drive SUI to Solana’s Market Cap?
For SUI to hit a $72.6 billion market cap, several factors must align:
Ecosystem Growth: SUI must continue expanding its ecosystem. Recent increases in Total Value Locked (TVL), daily transactions, and the popularity of Sui-based memecoins are promising signs.Bull Market Momentum: With Bitcoin’s halving completed this year, the crypto market could enter a bull run similar to 2021—creating favorable conditions for assets like SUI to surge.Strong Partnerships: Building partnerships with developers, DeFi projects, and other blockchain players will be essential to drive adoption and attract users.
Risks and Challenges
While the potential is exciting, there are several hurdles SUI must overcome:
Intense Competition: SUI faces competition from Layer-1 giants like Ethereum, Avalanche, and Polkadot, all of which are also expanding their ecosystems.Market Volatility: Even with positive developments, crypto markets are notoriously unpredictable. Sudden downturns could slow SUI’s progress.Sustained Performance: To match Solana’s growth, SUI needs to maintain consistent performance and user engagement.
Conclusion
If SUI reaches Solana’s $72.6 billion market cap, its price could skyrocket to around $26.32—a massive leap from today’s $2.05. Achieving this will require strong ecosystem growth, favorable market conditions, and strategic partnerships.
However, it’s important to note that this is only speculation, and the actual price of SUI could vary in the future depending on market conditions, network developments, and other external factors. Crypto markets are highly unpredictable, and what seems achievable today might not reflect reality tomorrow.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct thorough research before investing in cryptocurrencies.
#SUI #SOL
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SOL could rise more than 11%
$SOL
Solana Price Prediction: SOL Surges 5% as Community Analyzes Firedancer Validator Performance.
Solana rises 2% as its community considers Firedancer performance updates.
A startup Bitcoin Layer 2 Solv Protocol emitiu um token de staking BTC na blockchain Solana.
Bullish technical indicators boost Solana’s prospects for an increase of approximately 11%.
Solana (SOL) price surged more than 2% on Friday, reflecting overall gains among major cryptocurrencies, as its community buzzed on social media about Firedancer, a new validator that could improve blockchain performance.
Solana Price Prediction: SOL Surges 5% as Community Analyzes Firedancer Validator Performance.
Solana rises 2% as its community considers Firedancer performance updates.
A startup Bitcoin Layer 2 Solv Protocol emitiu um token de staking BTC na blockchain Solana.
Bullish technical indicators boost Solana’s prospects for an increase of approximately 11%.
Solana (SOL) price surged more than 2% on Friday, reflecting overall gains among major cryptocurrencies, as its community buzzed on social media about Firedancer, a new validator that could improve blockchain performance.
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Bitcoin Enters Bullish Territory? Chart Dynamics
$BTC
Bitcoin is about to enter bullish territory. If we see a move and close above the $70,000-$71,000 price range, Bitcoin is now in bullish territory as the chart structure of lower highs breaks. (A break above 70,000 would produce the first higher high.)
At this point, if this happens, we do not go LONG on Bitcoin. Instead, we focus on Altcoins and pairs/projects that are trading lower/near support.
Bitcoin is about to enter bullish territory. If we see a move and close above the $70,000-$71,000 price range, Bitcoin is now in bullish territory as the chart structure of lower highs breaks. (A break above 70,000 would produce the first higher high.)
At this point, if this happens, we do not go LONG on Bitcoin. Instead, we focus on Altcoins and pairs/projects that are trading lower/near support.
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Solana will hit $1,000 soon.
The shift in market sentiments has pushed Solana price above $150; it has been stuck there for a while. Technical and on-chain data suggest that the price is about to undergo a
massive bullish action and may eventually reclaim yearly highs above $200.
Solana Current Status: Solana price surged above $150, but despite multiple attempts, the price failed to climb above the resistance zone between $158 and $160. SOL price has seen excessive accumulation and hence a breakout seems imminent, supported by the positivity in the crypto market.
massive bullish action and may eventually reclaim yearly highs above $200.
Solana Current Status: Solana price surged above $150, but despite multiple attempts, the price failed to climb above the resistance zone between $158 and $160. SOL price has seen excessive accumulation and hence a breakout seems imminent, supported by the positivity in the crypto market.
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ANALYSTS PREDICT BITCOIN TO RISE 250%, BUT WARN OF A FALL TO $10,000
As the week progressed, the price of Bitcoin (BTC) steadily rose towards its all-time high of $73,700 in March of this year.
This upward momentum is in line with the predictions of several market experts, who expect significant gains for the leading cryptocurrency by the end of the year.
One such expert, cryptocurrency analyst Gert van Lagen, recently shared his views on Bitcoin’s price trajectory on social media platform X (formerly Twitter).
This upward momentum is in line with the predictions of several market experts, who expect significant gains for the leading cryptocurrency by the end of the year.
One such expert, cryptocurrency analyst Gert van Lagen, recently shared his views on Bitcoin’s price trajectory on social media platform X (formerly Twitter).
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$GMX is trending upwards after confirming solid support at US$ 20. This momentum appears sustainable, with a next target of US$ 67 on the horizon. Notably, $AVAX and $ARB are expected to support this upward movement, adding to the impressive growth prospects of $GMX.
There has been a 240% gain in the recent rally.
There has been a 240% gain in the recent rally.
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Decilizer
--
Bullish
$GMX is trending upwards after confirming solid support at $20. This momentum appears sustainable, with a next target of $67 on the horizon. Notably, both $AVAX and $ARB are expected to support this upward movement, enhancing $GMX’s impressive growth prospects.
There's been a 240% rise in gain in the recent rally.
There's been a 240% rise in gain in the recent rally.
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Sui (SUI) Scandalous Incident: $400 Million Worth of Insider Sales Alleged!
Sui (SUI), which has been sweeping the market with its recent rally, has created fears with an allegation of insider sales.
The Sui Foundation denied social media claims that insider sales were made during the recent price surge and stated on Monday that no such activity took place from the foundation. The Foundation, which supports the Sui blockchain, said, “During this period, the Foundation, Mysten Labs employees, or ML investors did not sell $400 million worth of tokens.”
$BTC $SOL
Sui (SUI), which has been sweeping the market with its recent rally, has created fears with an allegation of insider sales.
The Sui Foundation denied social media claims that insider sales were made during the recent price surge and stated on Monday that no such activity took place from the foundation. The Foundation, which supports the Sui blockchain, said, “During this period, the Foundation, Mysten Labs employees, or ML investors did not sell $400 million worth of tokens.”
$BTC $SOL
LIVE
Crypto De Nostradame
--
Bullish
Scandalous incident in Sui (SUI): $400 million worth of insider sales claim!
Sui (SUI), which has been sweeping the market with its recent rises, has created fear with the claim of insider sales.
The Sui Foundation denied social media claims that insider sales were made during the recent price increase and stated on Monday that no activity took place from the foundation. The Foundation, which supports the Sui blockchain, said, “During this period, the Foundation, Mysten Labs employees or ML investors did not sell $400 million worth of tokens.”
Crypto analyst Lightcrypto claimed on Monday that “insiders” sold $400 million worth of tokens on X during SUI’s recent rise. Although it is not known who the wallets belong to, it was recorded that they collected tokens from the ICO (pre-sale). Lightcrypto expressed its surprise about the insider sales as follows: “The people who know the real value of $SUI are those who built this ecosystem. Now we see them selling.”
Although the toen price did not shake much with the development, investors were worried. Many discussions about the popular altcoin started on social media platforms. SUI, one of the most rising altcoins in recent days, does not seem to have lost its momentum yet. However, if Bitcoin's decline or negative news about the ecosystem continues, selling pressure may increase in the parity. In such a scenario, declines towards $2 may occur.
According to CoinMarketCap, Sui has increased by more than 100 percent in the last month. The popular altcoin is trading at $2.22 as of the writing of the news
#CryptoDeNostradame #ParrotBambooCrypto
Sui (SUI), which has been sweeping the market with its recent rises, has created fear with the claim of insider sales.
The Sui Foundation denied social media claims that insider sales were made during the recent price increase and stated on Monday that no activity took place from the foundation. The Foundation, which supports the Sui blockchain, said, “During this period, the Foundation, Mysten Labs employees or ML investors did not sell $400 million worth of tokens.”
Crypto analyst Lightcrypto claimed on Monday that “insiders” sold $400 million worth of tokens on X during SUI’s recent rise. Although it is not known who the wallets belong to, it was recorded that they collected tokens from the ICO (pre-sale). Lightcrypto expressed its surprise about the insider sales as follows: “The people who know the real value of $SUI are those who built this ecosystem. Now we see them selling.”
Although the toen price did not shake much with the development, investors were worried. Many discussions about the popular altcoin started on social media platforms. SUI, one of the most rising altcoins in recent days, does not seem to have lost its momentum yet. However, if Bitcoin's decline or negative news about the ecosystem continues, selling pressure may increase in the parity. In such a scenario, declines towards $2 may occur.
According to CoinMarketCap, Sui has increased by more than 100 percent in the last month. The popular altcoin is trading at $2.22 as of the writing of the news
#CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin Breaks Out of Wedge Pattern — Here’s the Next Target
Bitcoin hit $67,803 today, breaking out of a daily falling wedge trend.
The breakout has garnered attention, but Bitcoin has yet to close a daily candle above this barrier, confirming its triumph.
However, this pattern breakout has prompted notable crypto experts to provide their latest thoughts on Bitcoin’s next target.
"BIG WEEK AHEAD If Bitcoin hits $70k, Solana hits $170k, and ETH hits $2,700 THIS WEEK, WE WILL BE FOLLOWING EVERYONE who replies to this post! Reply below and we'll make it happen!
🔴💲REDPACKT$BPZYJP31S8
#solana #Altcoinseason2024 #Binance #news #ETH
$SOL $BTC
Bitcoin hit $67,803 today, breaking out of a daily falling wedge trend.
The breakout has garnered attention, but Bitcoin has yet to close a daily candle above this barrier, confirming its triumph.
However, this pattern breakout has prompted notable crypto experts to provide their latest thoughts on Bitcoin’s next target.
"BIG WEEK AHEAD If Bitcoin hits $70k, Solana hits $170k, and ETH hits $2,700 THIS WEEK, WE WILL BE FOLLOWING EVERYONE who replies to this post! Reply below and we'll make it happen!
🔴💲REDPACKT$BPZYJP31S8
#solana #Altcoinseason2024 #Binance #news #ETH
$SOL $BTC
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koinmilyoner
--
Bullish
Bitcoin Breaks Wedge Pattern—Here's Next Target
Bitcoin spiked to $67,803 today, breaking a daily falling wedge trend.
This breakthrough has garnered notice, but Bitcoin has yet to close a daily candle above this barrier, confirming its triumph.
However, this pattern breakthrough has prompted notable crypto experts to provide their newest thoughts on Bitcoin's next goal.
Bitcoin Wedge Pattern Breakout Analysts Comment
In a recent piece, CryptoQuant analyst Papi called the collapsing wedge pattern the 2024 “nope zone”. Papi said 2024's Nope Zone is unbeaten. For now. Will this time differ?
This is the first time Bitcoin has retested above the “nope zone” on a four-day chart, he said. High open interest (OI) and ETF flows were positive, while derivative exchange net flows were neutral, the analyst said.
“Even if we don’t break out this time, we are getting very close,” Papi said, stressing dollar-cost averaging throughout consolidation. He also recommended $60,000 and mid-$50,000 as backstops for pullbacks.
Road to $90,000?
Bitcoin has corrected to $66,047, up 0.2% in 24 hours, after the first breakthrough. Analysts remain positive after this slight dip. Captain Faibik, another prominent crypto expert, discussed Bitcoin's price on X.
He said, “So far, so good… Bitcoin is approaching $68k key resistance again. A wedge breakthrough might push Bitcoin to $88k-$90k in November. Faibik expects a bigger rise higher if BTC breaks this important resistance level.
The present price movement was also discussed by RektCapital, another notable analyst. Bitcoin's prior pullbacks from the downtrending channel top were deeper, according to RektCapital.
#BTCSoarsTo68K #BTCUptober #TrumpDeFi #MemeCoinTrending $BTC
Bitcoin spiked to $67,803 today, breaking a daily falling wedge trend.
This breakthrough has garnered notice, but Bitcoin has yet to close a daily candle above this barrier, confirming its triumph.
However, this pattern breakthrough has prompted notable crypto experts to provide their newest thoughts on Bitcoin's next goal.
Bitcoin Wedge Pattern Breakout Analysts Comment
In a recent piece, CryptoQuant analyst Papi called the collapsing wedge pattern the 2024 “nope zone”. Papi said 2024's Nope Zone is unbeaten. For now. Will this time differ?
This is the first time Bitcoin has retested above the “nope zone” on a four-day chart, he said. High open interest (OI) and ETF flows were positive, while derivative exchange net flows were neutral, the analyst said.
“Even if we don’t break out this time, we are getting very close,” Papi said, stressing dollar-cost averaging throughout consolidation. He also recommended $60,000 and mid-$50,000 as backstops for pullbacks.
Road to $90,000?
Bitcoin has corrected to $66,047, up 0.2% in 24 hours, after the first breakthrough. Analysts remain positive after this slight dip. Captain Faibik, another prominent crypto expert, discussed Bitcoin's price on X.
He said, “So far, so good… Bitcoin is approaching $68k key resistance again. A wedge breakthrough might push Bitcoin to $88k-$90k in November. Faibik expects a bigger rise higher if BTC breaks this important resistance level.
The present price movement was also discussed by RektCapital, another notable analyst. Bitcoin's prior pullbacks from the downtrending channel top were deeper, according to RektCapital.
#BTCSoarsTo68K #BTCUptober #TrumpDeFi #MemeCoinTrending $BTC