The post The Altcoins Trending Today – SOL, BERA and SHADOW appeared on BitcoinEthereumNews.com.

The crypto market has resumed its downtrend, shedding $40 billion in market capitalization over the past 24 hours.  Amid the broader sell-off, some altcoins have stood out as the most searched assets over the past day. They include Solana (SOL), Berachain (BERA), and Shadow (SHADOW).  Solana (SOL) Solana is a trending altcoin, extending its price decline for another consecutive day. Trading at a year-to-date low of $158.88 at press time, SOL price is down almost 10% in the past 24 hours.  SOL’s decline has pushed its price below a long-term ascending parallel channel for the first time since June 2023. This channel forms when an asset’s price consistently moves between two upward-sloping parallel trendlines, signaling a buy trend. However, SOL’s break below this pattern confirms rising selling pressure, potentially leading to further declines if the asset fails to reclaim the channel. In this scenario, the altcoin’s price could drop to $136.62. SOL Price Analysis. Source: TradingView Conversely, if coin accumulation resumes, it could drive SOL’s value up to $220.58. Berachain (BERA) Layer-1 (L1) coin BERA is another asset trending today. As of this writing, it trades at $6.94, down 5% over the past 24 hours.  However, a look at its performance on an hourly chart reveals a steady uptick in BERA’s demand, hinting at a potential rebound in the near term. For example, its Relative Strength Index (RSI) has broken above the center line and is in an upward trend at press time.  This indicator measures an asset’s oversold and overbought market conditions. When set up this way, it signals a potential shift toward stronger buying pressure. This suggests that BERA buyers are gaining control, increasing the likelihood of a price rebound. In this case, BERA’s price could climb to $8.62 and rally toward its all-time high of $15.50. BERA…

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Filed under: News - @ February 24, 2025 5:22 pm