As key economic reports loom, the cryptocurrency market remains calm. Solana shows resilience with notable gains, while Ethereum struggles to surpass a critical level. This article uncovers which digital assets are positioned for potential growth amid the anticipated economic data, capturing the reader’s curiosity about the market’s next moves.
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Source: tradingview
Solana is trading between around $184 and just over $209. The coin shows promise with a 6.66% rise in a week, despite a slight dip over the month. Solana's price hovers near key points. It faces a hurdle around $218 but has support at $168. If it crosses the $218 mark, there’s potential to climb toward $244. The coin has grown over 35% in the past six months, hinting at ongoing momentum. Its current 10-day trend sits above the three-month average, signaling strength. With its RSI near 51, Solana is in a balanced zone, possibly gearing up for the next climb.
Source: tradingview
Ethereum shuffles within a price range from mid to low $4,000s. It eyes the $4,480 mark as the next milestone to break. Recent data shows Ethereum's price changing by over four percent in a week and three percent in a month, while surging more than one hundred percent over six months. Support sits just above $3,500, suggesting a solid foundation. If momentum continues, reaching near $4,945 could be plausible, offering a potential upswing of about fifteen percent. Indicators like the RSI and Stochastic hint at possible growth. Overall, Ethereum shows resilience and might be poised for further climbs, drawing interest from traders looking for promising returns.
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The market remains steady with Solana (SOL) showing notable strength. Ethereum (ETH) faces challenges at its resistance level. Upcoming economic data may impact these trends. For now, SOL appears more resilient, while ETH remains cautious. This sets the stage for potential shifts depending on the economic releases. Investors are closely monitoring these developments.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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