The post Bitcoin loses the momentum, ETH and SOL pick up their paces appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) was ideally tasked with sustaining the ongoing momentum. It was closer to surpassing the milestone of $70,000. Now, it has decided to retrace the tracks to $67,000. The target of $84,000 is still in sight, but it could be delayed comparatively. Meanwhile, Ethereum (ETH) and Solana (SOL) have picked up their respective paces by banking some gains. All this has happened in the last 24-48 hours. Interestingly, Bitcoin losing momentum is gaining less attention simply because it has a better chance to rebound. Ether continues to be driven by speculation around the approval of ETF applications. It is currently listed at $3,843.33, with a decline of 1.18% in the last 24 hours. The bullish run is backed by a 50-day EMA of around $3,225 and a 100-day EMA of approximately $3,170. This has triggered a series of optimistic hopes that ETH could soon touch $4,500. A definitive timeline is hard to predict; however, it could happen by the end of July 2024 or the year. The Relative Strength Index of Ethereum is hovering around 72, signaling that it is overbought. There could be pullbacks, but sentiments are largely bullish. At the most, there would be higher lows. There are three crucial levels to watch out for—$3,800, $3,500, and $4,200. The mark of $4,000 does fit, but only as an obvious landmark. Solana (SOL) hit $160 and has not been looked back on since then. It has a strong support level in the form of 26 EMA. SOL has tested this resistance before and is on the way to replicate that. Currently listed at $165.90 with an upswing of 0.75% in the last 24 hours, SOL aims to move beyond $200 by the end of this year. That is an achievable target, especially since 26 EMA signals a strong…

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Filed under: News - @ May 28, 2024 3:12 pm