🌈Solana（SOL）will soar to $150 again,💥💥 Ethereum（ETH）will rise sharply?
Solana may once again target the price threshold of $150, as the price has begun to show potential for a reversal after reaching the 200 EMA. A flattening trend is often one of the first signs of an upcoming price reversal. However, it is important to remain cautious as Solana is still in a downward trend in the medium term.
The SOL/ETH chart shows that Solana has been steadily declining over the past few months, but a recent turnaround may be in sight. The price has rebounded after touching the 200 EMA (support level), indicating a bullish momentum may be forming.
The RSI is currently in the oversold area near 35. This may mean that buyers are about to intervene, and selling pressure is weakening. The MACD histogram also shows signs of a possible bullish crossover. Trading volume analysis indicates increased buying activity, which could be good news for Solana.
✅Given the significant increase in trading volume, traders seem to be accumulating SOL at these lower price points. While these indicators are encouraging, it is crucial to recognize the challenges that Solana may encounter during the recovery process.
🪐The Reversal Potential of Ethereum
As the second largest cryptocurrency Ethereum enters a falling wedge pattern and relies on the 50 EMA, Ethereum may be laying the foundation for a price surge. At this technical threshold, Ethereum is prone to reversals.
✅The falling wedge pattern is usually interpreted as a bullish reversal pattern, indicating a possible upcoming uptrend and the potential end of a downtrend. Based on the recent price trend of Ethereum, the peak of this pattern (usually occurring before a breakout) is getting closer. The blue line on the chart, the 50 EMA, has been an important support level. The price of Ethereum has rebounded multiple times from this level, indicating significant buying interest in this area.🆗
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