Solana Retests Demand Area Amid Growing Bearish Sentiment
In the past 24 hours, Solana ( $SOL ) has dominated market discussions as bearish sentiment continues to grow. Despite this, Solana is currently retesting a demand area on the weekly chart, signaling a potential bottom that traders are closely monitoring.
Meanwhile, AI agent narratives remain strong, with tokens like $AIXBT, $FARTCOIN, $ZEREBRO, $ELIZA, and $VADER continuing to attract interest. Analysts highlight their potential rally in Q1 2025, encouraging traders to focus on winners in this sector.
Additionally, NFT token $PENGU gained traction following its CEX listing, attracting traders seeking short-term profit opportunities.
Overall Market Outlook:
• The market remains in a recovery phase after Bitcoin’s recent sell-off.
• Bitcoin $BTC is expected to range between $100K - $90K as dominance declines, potentially opening opportunities for Altcoin recoveries.