Although the cryptocurrency market started the week calmly, it started to show signs of strength. Bitcoin and many large-scale altcoins are moving in the green zone. However, it is unclear how long this upward momentum will last. However, according to the analyst nicknamed Captan Faibik, altcoin investors need to be patient. The analyst predicts that the altcoin market will start a new rally soon. Additionally, the analyst talks about two altcoins that have tremendous upside potential. Analyst Victor Olanrewaju evaluates the techniques of both tokens.
On course for popular altcoin for $333 there is ?
cryptokoin.comAs you follow from , Solana made a magnificent comeback from the lows he fell into. During this period, the price of SOL increased from 20 dollars to 120 dollars. However, it later lost altitude. However, with the help of meme coins on the Blockchain, it managed to rise above $ 100 again. According to Captan Faibik, SOL is heading towards $333. In this context, the analyst shared a post saying, “Solana is on the way to $333.” The analyst also defended his prediction by sharing a 3-day chart showing SOL breaking out of a descending move.
Solana has experienced a significant correction recently. However, the last 24 hours have been positive for price movement. As of this writing, the price of SOL is $103.25. Additionally, the altcoin saw a 6.81% rise on a daily basis.
LEFT technical view
SOL’s 4-hour chart confirms that the market structure has abandoned the bearish state and is moving in an upward direction. The chart also shows that SOL cleared the $99.23 resistance, which seems like a formidable hurdle. If SOL continues with the same momentum, it is possible to surpass the next major resistance at $108.53. The technical indicator using the Accumulation/Distribution (A/D) line showed that the bulls resisted the bears taking control of the momentum. However, if SOL plans to reach $333, demand needs to be much higher than it is.-
In the short term, looking at the status of the RSI, it is possible for the altcoin price to rise to $150. At the time of writing, the RSI shows that buying pressure is extremely high. Meanwhile, even if the price pulls back, the support at $100 could help SOL continue its move.
The analyst also expects a big move for Chanilink (LINK)!
Captain Faibik also says that LINK is also ready to rally. In this context, the analyst says, “LINK is preparing for the next big move.”
LINK also has a similar structure to SOL as the price rose above $15. The Moving Average Convergence Divergence (MACD) has crossed into positive territory. Additionally, the 12 EMA (blue) and the 26 EMA (orange) are above the zero histogram point. This means buyers are outpacing sellers. If this situation continues, it is possible that the altcoin price will reach $16.50 first. Like the MACD, Chaikin Money Flow (CMF) has also moved into positive territory. This move confirms the notion that LINK is gearing up for a big move soon.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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