Solana Price Prediction: Will SOL Surpass 200$?
Cryptocurrencies Solana (SOL), Cardano (ADA), and Shiba Inu (SHIB) are showing signs of a possible upward trend. The TD Sequential indicator, a popular technical analysis tool created by Tom DeMark, is flashing buy signals on their daily charts. This indicator is known for pinpointing market trend reversals, suggesting that these cryptocurrencies might be poised for a significant rebound.
SOL, SHIB, and ADA: Potential for an Epic Rebound
Solana (SOL) Price Prediction, Support and Resistance Levels
Solana (SOL) has experienced over 10% increase in the last 24 hours, trading at the moment at about $140, maybe the highest since the market crashed. The critical factor for SOL's bullish momentum is a decisive break above the daily SMA 200 at $133. A further break above the daily SMA 200 at $156.19 could signal a strong upward move, aiming for highs of $188 and $204. The upcoming days are crucial to determine whether SOL can capitalize on these buy signals and sustain an upward trend.
In addition to the TD Sequential indicator, Solana's price action suggests a potential 25% price increase. Despite recent Bitcoin dips, which have caused market panic, Solana has shown resilience.
If Solana can maintain its current support, it may climb towards the upper trendline and potentially surpass the 200$ price and even score a new target. Yet conversely, if the current support fails, Solana may find further support at $98, $87, and $56.
Shiba Inu (SHIB) Price Prediction, Support and Resistance Levels
The TD Sequential buy signal on SHIB's daily chart suggests that its recent downtrend could be nearing its end. If this signal proves accurate, SHIB may see a resurgence in buying activity, potentially driving the price higher.
A critical first step for a bullish turnaround would be breaking above the daily Simple Moving Average (SMA) 200 at $0.00001891. Subsequently, surpassing the daily SMA 50 at $0.00002288 could further fuel the bullish trend, targeting $0.00002940 and $0.0000328.
As of now, SHIB has seen a massive 9.45% increase in the last 24 hours, trading at $0.0000181.
Cardano (ADA) Price Prediction, Support and Resistance Levels
Cardano (ADA) recently hit a low of $0.362, the lowest since November 2023. The TD Sequential buy signal for ADA indicates a possible end to its bearish trend. At the time of writing, ADA has risen by 5.41% in the last 24 hours to $0.39.
If ADA can maintain this rebound, bulls may target the daily SMA 50 at $0.44 and the daily SMA 200 at $0.542. A successful rally could see ADA doubling in price, with potential targets at $0.68 and $0.8.
Solana, Shiba Inu, and Cardano show promising signs of a potential rebound based on the TD Sequential indicator and recent price movements. Solana, in particular, may experience a significant rally if it can maintain current support levels and benefit from positive Bitcoin price movements. Investors should watch these indicators closely in the coming days to make informed decisions.
Read more: https://cryptoticker.io/en/solana-price-prediction-will-sol-surpass-200
Text source: CryptoTicker
