Analytics

Double Top Reversal Sets Solana Price Correction to Hit $120

08.04.2024

Solana, the layer 1 cryptocurrency initiated April on a bearish note in tandem with the broader market. The bearish downturn initiated at $205, plunged the coin price 12.6% to current trade at $179. Analyzing the daily chart reveals this reversal as the formation of a double-top pattern, suggesting the asset is poised for prolonged downfall. However, will the upcoming Bitcoin halving invalidate this thesis for a renewed recovery?

Source

Click to rate this post!
[Total: 0 Average: 0]
08.04.2024
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

  • bitcoinBitcoin (BTC) $ 90,627.00
  • ethereumEthereum (ETH) $ 3,173.32
  • tetherTether (USDT) $ 0.996582
  • dogecoinDogecoin (DOGE) $ 0.371018
  • usd-coinUSDC (USDC) $ 0.998937
  • cardanoCardano (ADA) $ 0.744805
  • tronTRON (TRX) $ 0.204177
  • chainlinkChainlink (LINK) $ 15.17
  • bitcoin-cashBitcoin Cash (BCH) $ 443.06
  • leo-tokenLEO Token (LEO) $ 7.65
  • stellarStellar (XLM) $ 0.234884
  • litecoinLitecoin (LTC) $ 89.37
  • hedera-hashgraphHedera (HBAR) $ 0.129736
  • crypto-com-chainCronos (CRO) $ 0.170386
  • ethereum-classicEthereum Classic (ETC) $ 26.54
  • daiDai (DAI) $ 0.997214
  • blockstackStacks (STX) $ 1.93
  • moneroMonero (XMR) $ 156.92
  • okbOKB (OKB) $ 44.04
  • vechainVeChain (VET) $ 0.032141
  • cosmosCosmos Hub (ATOM) $ 6.45
  • algorandAlgorand (ALGO) $ 0.214066
  • theta-tokenTheta Network (THETA) $ 1.75
  • makerMaker (MKR) $ 1,532.55
  • kucoin-sharesKuCoin (KCS) $ 10.70
  • gatechain-tokenGate (GT) $ 9.66
  • tezosTezos (XTZ) $ 1.14
  • matic-networkPolygon (MATIC) $ 0.454102
  • eosEOS (EOS) $ 0.671325
  • neoNEO (NEO) $ 12.87
  • zcashZcash (ZEC) $ 45.47
  • iotaIOTA (IOTA) $ 0.191698
  • tether-goldTether Gold (XAUT) $ 2,604.40
  • havvenSynthetix Network (SNX) $ 1.85
  • bitcoin-goldBitcoin Gold (BTG) $ 32.73
  • true-usdTrueUSD (TUSD) $ 0.995523
  • zilliqaZilliqa (ZIL) $ 0.020890
  • 0x0x Protocol (ZRX) $ 0.451840
  • holotokenHolo (HOT) $ 0.002139
  • enjincoinEnjin Coin (ENJ) $ 0.207769
  • dashDash (DASH) $ 29.29
  • qtumQtum (QTUM) $ 3.24
  • siacoinSiacoin (SC) $ 0.005804
  • basic-attention-tokenBasic Attention (BAT) $ 0.219483
  • ravencoinRavencoin (RVN) $ 0.022489
  • decredDecred (DCR) $ 13.69
  • ontologyOntology (ONT) $ 0.229158
  • nemNEM (XEM) $ 0.022687
  • iconICON (ICX) $ 0.170035
  • liskLisk (LSK) $ 1.04
  • digibyteDigiByte (DGB) $ 0.008860
  • wavesWaves (WAVES) $ 1.45
  • statusStatus (SNT) $ 0.035018
  • nanoNano (XNO) $ 0.953295
  • numeraireNumeraire (NMR) $ 16.54
  • hiveHive (HIVE) $ 0.246048
  • paxos-standardPax Dollar (USDP) $ 0.995991
  • steemSteem (STEEM) $ 0.215017
  • huobi-tokenHuobi (HT) $ 0.621067
  • binance-usdBUSD (BUSD) $ 0.991973
  • republic-protocolRen (REN) $ 0.042687
  • omisegoOMG Network (OMG) $ 0.304401
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.086892
  • bytomBytom (BTM) $ 0.004347
  • kyber-networkKyber Network Crystal Legacy (KNCL) $ 0.555097