Technical Analysis Points to Strong Rally For Solana and Ripple In Q4, but This SOL and XRP Rival Is Set To Skyrocket 2000%
The post Technical Analysis Points to Strong Rally For Solana and Ripple In Q4, but This SOL and XRP Rival Is Set To Skyrocket 2000% appeared on BitcoinEthereumNews.com.
Solana and XRP might be poised for big gains in Q4, but both tokens are expected to experience steeper declines first. Meanwhile, Rollblock’s viral presale is still on a massive bullish trend as analysts predict a new all-time high for $RBLK before the end of this week. Solana (SOL) Downtrend Expected to Continue Solana’s price has remained relatively steady over the past week, suggesting some resilience amidst the broader crypto market volatility. Solana’s weekly chart is now flashing bullish signals by forming all green charts. Since this pattern is considered a massive bull flag, analysts believe Solana’s endorsers will start loading up. Unless Solana bears gain dominance, Solana’s price is expected to experience steep inclines in the upcoming weeks. Solana is currently trading for $153.33 after an intraday increase of 3.87%. Since Solana’s volume has risen by 82.17% over the last 24 hours, investors appear to be gaining confidence in Solana’s potential. If bearish sentiment creeps in, Solana’s price could fall to the $128.07 support trendline soon. Ripple (XRP) Bear Flag Suggests Massive Sell-off Ahead XRP’s daily chart shows two upward-sloping parallel trend lines which is typically a bearish continuation signal. Although XRP managed to stay resilient during its recent downtrend, analysts believe XRP’s price will experience more lows before escaping the bearish pressure once and for all. XRP is currently trading for $0.5416 after a minor intra-day increase of 1.79%. XRP’s volume has increased by 40.49% over the last 24 hours which typically suggests that investors are interested. If XRP whales start booking profits, XRP’s price could fall to the $0.465 support soon. However, if XRP manages to stage a bullish reversal, it could surge towards the $0.6832 resistance in the upcoming weeks. Rollblock (RBLK) Expected to Soar Past SOL and XRP in Q4 Presales and ICOs are known…
Filed under: News - @ October 16, 2024 3:17 am