Recent developments in the cryptocurrency market support the view that the altcoin season has been postponed, while some analysts state that this postponement has ended and new peaks are approaching. Projects like Solana (SOL) are particularly attracting attention with technical indicators and market movements.
🔮 Altcoin Season: Has it been postponed, or has it started?
Mister Crypto states that the altcoin season has been postponed but not canceled, and warns investors that "It will come when you least expect it!" This view reflects the idea that altcoins are still trading close to their bottom levels and that the market is in a recovery process.
On the other hand, analyst Michael Poppe states that the market value of altcoins remains solid and has performed a strong retest. He indicates that this situation could signal the beginning of a movement towards ATH levels. Poppe expects the total market value of altcoins to advance towards $1.2 trillion.
🚀 Solana (SOL): Critical Levels for New Peaks
Solana (SOL) is attracting attention with its recent performance. The price is trading around $145 and is approaching the resistance level of $150. If this level is surpassed, upper resistance levels such as $162 and $194 may come into play.
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However, if the $150 level cannot be surpassed, a pullback towards the $140 and $135 levels may occur. Therefore, it is important for investors to closely monitor these critical levels.
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📊 Data to be Followed Today
Today, the JOLTS (Job Openings and Labor Turnover Survey) and Consumer Confidence data will be released in the US. These data will provide important indicators in terms of recession concerns and market expectations. Increased volatility is expected after the opening of the US markets.
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