Solana and Ethereum Cryptos Rise
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Solana and Ethereum cryptos are still performing well, having risen respectively 5.13 percent (US$172) and 3.74 percent (US$3,844) in the last week as of Thursday (6/6/2024) evening. What's the next opportunity and how is Furrever Token offering a 25 percent bonus in their presale?
In the span of that week, the Solana and Ethereum cryptocurrencies scored local highs, US$174 and US$3877, respectively, technically trying to penetrate important resistance in May 2024.
Solana and Ethereum Cryptos, Consolidated SOL Try to Target New Highs
Solana (SOL) has had a rocky journey, with performance in March breaking through the psychological mark of US$200, only to then return to the US$160-US$170 range.
Despite the latest fluctuations, technically there are signals that SOL is currently in a profitable consolidation phase, which has the potential to push SOL to new highs.
Technically, there is a symmetrical triangle formation, which suggests a price breakout in the near future. These predictions vary, with CoinCodex projecting a peak of US$192 in late June and a potential spike to US$165 in mid-June.
While SOL's near-term trajectory remains uncertain, bullish sentiment dominates, driven by technical indicators and the Fear & Greed Index currently reflecting "greed".
Another variable is that if the “meme coin mania” fades soon, SOL is essentially poised for a comeback, with the second half of 2024 expected to bring significant gains, potentially surpassing US$175.