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Solana (SOL) has shown resilience after a volatile trading day, recovering from a dip below $170 to reclaim the critical $182 level. Analysts highlight that a successful breakout above the $192 resistance could lead to new highs, while failure to do so may result in revisiting lower support levels around $170. The coming days are crucial for determining Solana's market trajectory.
Crypto analyst MadWhale predicts Bitcoin could rise 17% to $110,000, citing renewed investor interest and solid support levels. Despite recent market uncertainty following strong US job data, a bullish outlook is bolstered by potential nation-state adoption linked to Donald Trump's plans for a Strategic BTC Reserve. Meanwhile, analyst Jelle notes a bullish reversal is underway, with a breakout above $97,000 potentially leading to new highs around $130,000.
Chainlink has shown significant volatility, recovering 13% after a 12% drop, which has sparked optimism among investors. Analysts suggest that if LINK can reclaim key resistance levels, it could lead to a substantial rally towards new all-time highs, with critical price points at $22 and $25 to watch. However, failure to maintain momentum may result in further consolidation or a retest of recent lows.
Solana is currently trading at $197, facing a 13% decline from its recent high amid market indecision as Bitcoin struggles to surpass $100,000. The SOL/BTC ratio is pivotal, with analysts suggesting that reclaiming the 0.0022 level against Bitcoin is crucial for Solana's bullish outlook.Trading just above the critical $190 support, Solana must break above $200 to regain bullish momentum and establish a higher high at $222. Failure to do so could lead to further downside pressure, while losing the $193 support may trigger a deeper correction and prolonged market uncertainty.
Bitcoin's recent bearish trend, marked by a significant drop from $102,760 to $92,500, raises concerns of a potential correction below $90,000. Analysts suggest that while increased stablecoin supply may support future recovery, historical data indicates a low probability of immediate rebounds after similar declines. Predictions indicate Bitcoin could consolidate around $90,000 before a possible market surge in February, but a daily close below this level could trigger a deeper crash, potentially targeting $71,500.
Solana is at a critical juncture, having reclaimed key support levels at $180 and $205, fueling bullish sentiment. Analysts emphasize the importance of breaking above the $230 resistance to trigger a significant rally, while maintaining support at the 4-hour 200 MA is vital for sustaining momentum. The coming days will be pivotal as market dynamics continue to influence Solana's trajectory.
Bitcoin traded above $100,000, with traders predicting potential price movements influenced by various chart patterns. The "head and shoulders" pattern may fail, suggesting a bullish outlook with targets up to $116,000, while the "cup and handle" formation points to a possible rise to $140,000. Fibonacci levels indicate resistance at $110,000 and $122,500, with the cycle top expected between $120,000 and higher Fibonacci levels.
Bitcoin rebounded to $95,880 on January 2, with traders predicting a surge to between $130,000 and $150,000 in the coming weeks. Analysts noted increased trading volume and bullish market sentiment, suggesting a significant breakout could occur soon as traditional finance returns to the crypto space.
Bitcoin (BTC) recently fell below $96,000 after over 33,000 BTC, valued at approximately $3.2 billion, was sent to exchanges, indicating potential sell-offs. Despite this dip, analysts remain optimistic, with predictions suggesting a rebound to $110K by year-end and over $320K by 2025. Concerns over inflation and the Federal Reserve's stance on interest rates have added to market volatility.
Bitcoin has recently experienced a significant decline, dropping below its previous all-time high of $104,000. Analyst CobraVanguard suggests that for a recovery to a new high of $107,000, Bitcoin must break above the 0.618 Fibonacci level between $98,000 and $100,000, while another analyst, Jelle, predicts a potential drop below $90,000 due to low liquidity during the holiday season. Despite the bearish outlook, Jelle anticipates a resurgence in 2025, projecting Bitcoin could reach $190,000 by Q2.
Jelle Sels
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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