CryptocurrencyanalyticsfirmMarktQuanthasreleaseditslatestassessment,providinginsightintothecurrentstateofmajorcryptocurrenciessuchasBitcoin(BTC),Ethereum(ETH),andSolana(SOL).
AccordingtoMarktQuant,Bitcoin’svaluationhasfallento0.93,indicatingpotentialnear-termweakness.Theanalysissuggeststhataretestofthekeyvolumelevelaround$67,500couldbepossiblebeforeanyrally.ThisalignswithBitcoinapproachinganoversoldpointwithinitsvolatilitybands.
Despitetherecentbreakoutattempts,thefirmremainscautious,statingthatthemoveisnotconvincing.BTCneedstodecisivelybreakabovethe$78,600levelforaconfirmedbullishtrend.Untilthen,meanreversionpatternsareexpectedtohold,keepingthecoininitscurrentrange.
Incontrast,Ethereumhasshownrelativestrengthwithanear-neutralvaluationat-0.07.TheanalysissuggeststhatifETHcanbreakabove$2,600,itcouldsignalupwardmomentum,supportedbythecurrentsupportlevels.
Solana’svaluationhasfallento0.52,indicatingnear-termweaknesswhileremaininginpositiveterritory.SOLiscurrentlytestingthe-1standarddeviation(SD)channel,suggestingitshouldholdabovethislevel.MarktQuantnotesthatifBitcoin’spriceweakensfurther,SOLcouldfindsupportatthehigh-volumelevelaround$148.
*Thisisnotinvestmentadvice.
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