$SOL #Crypto Price Prediction: The crypto market continues to waver in uncertainty evident from the neutral candle in Bitcoin and several major cryptocurrencies. The worldwide cryptocurrency market capitalization now stands at $1.61 trillion, marking a significant rise of 5.98% in the past day. Over the same period, the aggregate trading volume in the crypto market has surged by an impressive 70.61%, reaching $69.51 billion. Notably, the trading volume within the decentralized finance (DeFi) sector has reached $7.88 billion, accounting for 11.34% of the total market volume over the last 24 hours.
Solana Price Analysis: High Momentum Rally to Chase $100 Next
Solana Price Analysis TradingView Chart
The massive interest in BONK, Solanaâs dog-themed crypto, has dramatically boosted sales for the Saga smartphone, previously struggling with poor sales. This phone, designed for secure crypto storage, attracts buyers with a 30 million BONK token airdrop, worth about $700, surpassing the phoneâs $599 cost.
The Relative Strength Index (RSI), currently at 82%, indicates that the buying momentum is strong and aggressive.
AAVE Price Analysis: Pennant Pattern Hints Uptrend Continuation
AAVE Price Analysis
AAVE Price Analysis| TradingView Chart
In November, the AAVE coin price primarily showed a sideways movement, reflecting uncertainty among investors. However, a closer examination of the daily time frame chart suggested that this phase of consolidation was actually forming a bullish continuation pattern known as a pennant.
Starting December 13th, the AAVE price began to gain momentum, bouncing back from the $90 level. This reversal led to a 30% increase in value over three days, culminating in a bullish breakout from the pennant pattern.
At the current moment, AAVE is trading at $114. Influenced by this chart pattern, the coin price is likely to continue its upward trajectory, potentially reaching targets of $131 and then $163.
