Saturday, February 4, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Altcoin

Crypto Analyst Says Solana (SOL) and One More Altcoin Gearing Up for Rallies – Here Are His Targets

by Crypto News
December 29, 2021
in Altcoin
0
Crypto Analyst Says Solana (SOL) and One More Altcoin Gearing Up for Rallies – Here Are His Targets
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


A extensively adopted crypto analyst says that Solana (SOL) and one different altcoin are setting themselves as much as skyrocket.

In a brand new video, the host of InvestAnswers tells his 385,000 subscribers that SOL’s relative power index (RSI) is getting near flashing a purchase sign.

“[Looking] on the Solana chart, you may see the RSI (relative power index) is much more enticing, not as sizzling, not as overbought, which is an efficient factor. It’s getting nearer to being oversold than overbought.

The opposite factor I’d wish to level out is the truth that we’re having slightly little bit of resistance on the 50-day shifting common, however there’s additionally a compression funnel happening right here as properly, and the development is form of not likely our buddy proper now, however one thing’s obtained to offer once you have a look at the way in which the pricing motion is compressing collectively.

So the query is, is it going to pop and escape of this funnel? I feel sure. As soon as the market recovers a bit. The opposite factor necessary to notice is we haven’t gotten close to the 0.382 FIB [Fibonacci retracement] degree, which is a constructive, so it’s a haircut however keep in mind we’re again at the place we had been three or 4 days in the past, not an enormous deal.”

The analyst then factors to decentralized finance (DeFi) protocol Aave. He mentions Aave’s current announcement of launching its new Actual World Asset (RWA) Market, which goals to bridge DeFi to real-world property and monetary providers.

In keeping with the analyst, the event might act as a bullish catalyst for altcoin.

“[AAVE] did transfer up from $160 to $320 in just a few days, that’s a doubling, nevertheless it offered off. Folks had been getting very excited for some time considering it was going to be off to the races however the newest information I feel will carry again up north of $300 to $360.”

SOL is exchanging fingers at $175 at time of writing, a 13.5% lower from its seven-day excessive of $203 whereas AAVE is shifting for $245, a 16% lower from $292 throughout the identical timeframe.



I

Related articles

Dogecoin, Cardano & Shiba Inu — Asian Wrap 26 Oct

Three altcoins to watch this week: Dogecoin, Crypto.com and Litecoin

November 29, 2022
Here’s What’s Next for Cardano (ADA), Dogecoin (DOGE) and Polygon (MATIC), According to Popular Crypto Analyst

Here’s What’s Next for Cardano (ADA), Dogecoin (DOGE) and Polygon (MATIC), According to Popular Crypto Analyst

November 29, 2022

Verify Price Action

Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses it’s possible you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in internet affiliate marketing.

Featured Picture: Shutterstock/SimpleB/Nikelser Kate





Source link

Share76Tweet47

Related Posts

Dogecoin, Cardano & Shiba Inu — Asian Wrap 26 Oct

Three altcoins to watch this week: Dogecoin, Crypto.com and Litecoin

by Crypto News
November 29, 2022
0

Dogecoin value rallied by 50%, piercing a number of resistance ranges. Crypto.com value has printed consecutive bullish divergences on...

Here’s What’s Next for Cardano (ADA), Dogecoin (DOGE) and Polygon (MATIC), According to Popular Crypto Analyst

Here’s What’s Next for Cardano (ADA), Dogecoin (DOGE) and Polygon (MATIC), According to Popular Crypto Analyst

by Crypto News
November 29, 2022
0

A well-liked crypto analyst is figuring out the subsequent strikes to be made by three digital belongings, together with...

TRIOTIS Token is Ready to Takeover Crypto World – Future Altcoin of 2023

TRIOTIS Token is Ready to Takeover Crypto World – Future Altcoin of 2023

by Crypto News
November 28, 2022
0

WHO is TRIOTIS? Triotis is a personality who’s making a group like different token, however this token is doing...

Top Analysts Maps New Lows For Ethereum (ETH) & Binance Coin( BNB) Price

Top Analysts Maps New Lows For Ethereum (ETH) & Binance Coin( BNB) Price

by Crypto News
November 28, 2022
0

Markets have turned bearish in the intervening time with the highest belongings plunging displaying a notable bearish development. Whereas...

This Altcoin Can Be Dead If Not Reached A Certain Point

This Altcoin Can Be Dead If Not Reached A Certain Point

by Crypto News
November 28, 2022
0

Algorand has at all times been a coin value funding based on specialists particularly in 2022. Nonetheless, this crypto...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023
Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

February 3, 2023
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023

Recent News

Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News