Cardano, Solana and Bitcoin in green,
Storexfx Ltd. Revealsđ
#Write2Earn #ADA #solona #BTC @Storex
Cardano climbs 23.5%
Cardano is up 23.5% over the past year, rising from $0.48 to $0.52.
RSI and MACD indicators show that the uptrend is valid.
ADA may rally to $0.9102 by the end of Q4 2024.
Following a trendline breakout, Solana (SOL) price is sustaining above the 50D EMA, giving a rounding reversal from the dynamic support. Further, this completes a potential inverted head and shoulder pattern with a neckline at $102.
The strong resistance at the $102 level comes as a reversal spot of multiple bullish attempts, reflecting a high supply zone. Hence, a breakout above this level will increase the chances of a bull run in Solana by multiple times.
Considering the 21% hike in the trading volume increases to support the bulls, Solana can resurface for a high momentum rally.
As the potential inverted head and shoulder pattern breakout comes closer, the anticipation of a bull run in SOL price is significantly rising. Moreover, with the increasing volumes and the general market sentiments improving, the altcoin shows high potential for a run beyond $125.
Sideline traders can find an entry point if the Solana prices exceed the $102 mark. On the downside, the altcoin might retest the $82 mark.
Bitcoin finds support at $42,800
Bitcoin has support at $42,800 and is consolidating.
Storexfx Analysts forecast BTC to reach $71,373.32 by the end of 2024.
Summary
Bitcoin, Solana and Cardano are firm and may lift the broader crypto markets. Investors have been watching @Storex analysis and exploring its growth potential.
