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💥The dominance of Bitcoin is weakening, supporting the growth of the altcoin season
The dominance of Bitcoin is consolidating around 55%. The period marked by the top 50 altcoins outperforming Bitcoin continuously for 90 days.
While most altcoins are rising alongside Bitcoin in the process towards the $100,000 level, Solana and Ethereum may extend their gains according to technical indicators.
💥Price forecasts for Solana and Ethereum
. Solana is rising nearly 10%. This altcoin is currently trading close to the Fair Value Gap (FVG) and the key support zone between $215.27 and $229.60.
The Relative Strength Index (RSI) is at 57 and trending upwards on the daily price chart. This supports the theory of the next price increase for SOL. This altcoin is currently in a consolidation phase. However, as the inefficient area gets filled, SOL is likely to continue its upward momentum towards the all-time high of $264.39.
A daily candle closing below $229.60 could negate SOL's bullish argument.
.Ethereum (ETH) could retest the all-time high of $4,868 if the upward trend continues. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) support the argument for Ether's increase.
The green bars on the chart above the neutral line on the MACD and RSI hit 66 and are trending upwards, supporting the bullish argument for Ethereum. #tradecoinhtx #Write2Win