As market sentiment improves, altcoins are once again attracting investors' attention and market demand continues to rise, indicating that a new long-term bull market is forming. Against this backdrop, the prices of Solana (SOL) and Toncoin (TON) are preparing for a sharp rebound. Let's take a deeper look at the price trend and potential prospects of these two tokens through technical analysis.
Solana (SOL) Aims for $150 Breakout
On the candlestick chart, SOL shows a strong reversal rebound trend, with a current target price of $141 and is expected to challenge $150. The SOL price remains sideways between the 50% and 61.80% Fibonacci retracement levels, showing strong support and upside potential.
technical analysis
From the daily chart, the SOL price formed a triangle breakout rebound at the $125 support level, showing signs of challenging $150. As the market recovers, the SOL price has risen by 8.40% in two days, showing the potential for continued growth. If the Bitcoin price rebounds to $60,000, the SOL price is expected to break through the $200 mark.
MACD: Currently showing bearish signs but expected to reverse as prices rise.
RSI: Still hovering within the critical support area despite increasing supply pressure.
Toncoin (TON) Targets $10 Mark
Toncoin is currently ranked eighth among the top ten cryptocurrencies with a market cap of $18 billion. TON has only made minor adjustments during the market crash, with prices falling below a long-term support trendline before quickly rebounding.
technical analysis
The daily chart shows that TON has formed a small double bottom pattern, with the price entering a sideways phase after a breakout rally. As the price falls, TON price is expected to see a bullish reversal with a target price of $10.
RSI: Showing inverse divergence, supporting bullish strength.
MACD: The bearish histogram is gradually softening, suggesting that prices are expected to rebound.
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