Solana Aims to Hit $100, While Bearish Flag Flutters For XRP Price; Hereâs What Next for These Altcoins The crypto markets are rising! Bitcoin prices soar above $38,000, while Ethereum prices jump above $2000. The majority of the altcoins are gaining bullish momentum as the buying pressure accumulates Popular altcoins like Solana and XRP have soared above the crucial resistance, but SOL aims to go higher and achieve a three-digit figure, while the XRP price is feared to drop below $0.6. Solana (SOL) Price Analysis After the recent price action the Solana price soared above the descending pattern in the short term. The bulls appear to be well in position, which indicates the price could maintain a healthy ascending trend However, the price is testing the pivotal resistance levels,and a breakout beyond these levels may validate the beginning of a healthy upswing The SOL price closed the previous day trade on a bullish note, piercing through the descending trend line and reaching highs above $58. Many believed a small correction could be imminent, but the dayâs trade began with a continued upswing beyond $60, forming new daily highs at $61.48. Besides, the DMI has just turned bullish as the +Di rebounded and rose, crossing the -Di levels, signalling the start of a bullish trend Therefore, the SOL price is believed to continue to range high and surpass the threshold at $62, which may pave the way for the price to reach $70 before the end of 2023 XRP Price Analysis The XRP price began the monthly trade on a bullish note by surging more than 30% during the first fortnight. The price reached levels above $0.75 but failed to sustain the gains, resulting in a massive drop of over 20% from the highs. Presently, the XRP price is trying hard to reach the upper resistance of the channel, but the technicals suggest a notable pullback could be fast approaching Hence, the XRP price may lose the pivotal support at $0.6, and after knocking the middle bands of the channel at $0.55 a healthy rebound may be expected
So I was just looking at the markets Analyzing my charts & stuff and I thought sth :
There are only 2 crptos everyone agrees are the biggest (BITCOIN & ETHEREUM). We all further agree theyâll hit their highs come 2024 to 2030 that being 69000 for BTC & 4000 for ETH.
This is the crazy part: If someone traded futures & bought some good amount of both at an x20 or x10 leverage with some pretty good risk management, without getting greedy or buying in more and set their Take profit for each as 69000. & 4000 respectively.
The three trades Iâm in: leverage for all is x10 1)ADAUSDT: Tp is 0.3900 2)SOLUSDT: Tp is 83.00 ( this however is subject to debate since itâll drop before going thereâŠitâll take a lot of patience.) 3)XRPUSDT: Tp is currently 0.6300 but Iâm thinking of changing it to 0.6900
Since people trade differently, Iâll break down the take profits. Xrpusdt perpetual: x10 leverage dependant on how you maintain your risk Tp1: 0.5680 Tp2: 0.5868 Tp3: 0.6300