New Predictions from Crypto Analysts: SOL May Decline, ETH and BTC Ready for Rise
Cryptocurrency markets started the last trading day of the week with slight fluctuations. Bitcoin (BTC) is moving horizontally at around $105,600, while limited declines are noticeable in altcoins. Geopolitical tension, the possibility of war, and tariffs are causing a cautious atmosphere in the market. Amid this busy agenda, three popular analysts provided noteworthy evaluations.
Phoenix: Short-Term Decline May Continue for SOL Coin
Solana (SOL) continues to be one of the largest crypto assets by market capitalization. Although Solana stands out with its fast transaction capacity and low costs, it may be under pressure in the short term despite its long-term promise.
Analyst nicknamed Phoenix, while maintaining optimism for SOL, points to the risk of a pullback in the short term:
"I believe in Solana's future, but the downward trend is evident right now. What needs to be done to break this trend is clear: break the 200 EMA (4-hour chart) upwards, then maintain stability above this level. Then a new upward movement will begin. However, this may take some time."
Bob Loukas: Ethereum Could Reach $4,000 in 6 Weeks
Ethereum (ETH) aimed for the $3,000 level recently, but geopolitical risks and macro uncertainties disrupted this rise. Nevertheless, analyst Bob Loukas is quite optimistic about Ethereum:
"I haven’t felt this positive about ETH in a long time. The positive developments around the network, strong entries, low market sentiment, and its position in the cycle are clarifying the picture. To be honest, I wouldn’t be surprised if Ethereum reaches $4,000 within 6 weeks."
Jelle: BTC is Preparing for New Peaks
Analyst named Jelle noted that Bitcoin is maintaining its upward trend despite all difficulties:
"The trend is always your friend. The 50-day moving averages remain stable, and the price is still trading above all-time highs. This indicates that new records may be near."
Where is the market heading?
The cryptocurrency market is progressing cautiously under the shadow of global uncertainties. Trump's statements, diplomatic signals regarding Iran, and the tariff process ending on July 9 will be critical for the direction of crypto assets. The common point among analysts is as follows: With the clarification of uncertainties, BTC, ETH, and strong altcoins may begin a new momentum.
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