🔥 According to GNCrypto Analytics: Weekly Analysis
Solana's trading activity is caught between a support zone of $116–$130 and a resistance zone of $162–$172.
Solana's future price movement is largely dependent on Bitcoin’s trajectory. In a favorable market scenario, SOL could accelerate its growth towards the local high of $210.
If the market correction deepens, Solana might test the support level at $105 and potentially near the psychological buying threshold of $100.
The price of MATIC is currently confined to a narrow range, supported at $0.62–$0.67 and capped by a resistance zone at $0.74–$0.78. Polygon is clearly on a downward trend, regularly reaching new local lows.
If conditions do not improve significantly, the coin could revisit its local low of $0.58, recorded on April 13, and continue its bearish movement.
The likelihood of a bullish trend seems remote unless MATIC can breach the range of $0.83–$0.88, which would indicate a resurgence in buying pressure.
Stellar has seen a 40% correction since March 11, 2024, and is currently hovering near a buyer's zone of $0.101–$0.107. The most likely scenario appears to be a continuation of the downward trend. If this scenario unfolds, XLM could soon hit a new local low below the $0.09 mark and continue to decline.
A bullish reversal could only begin with significant buying activity and increased trading volumes, potentially testing the resistance zone of $0.118–$0.124 and targeting the $0.129 seller level. However, this scenario currently appears highly improbable.
