Solana Price Prediction Teases 50% Upside in SOL Price If This Level Breaks!
Story Highlights
- Solana price trend hints at an inverted head and shoulder breakout in the daily chart.
- With a neckline at $115, the SOL price is teasing a bull run beyond $150.
- The 24-hour trading volume on the Solana coin is $1.55 Billion, indicating a 14% gain.
With the crypto industry standing at the gates of a trillion-dollar market cap, the altcoins are preparing the stage for the next bull run. As the poster boy of bullish turnarounds in 2023, Solana finds its SOL token price ready for an explosion in 2024.
Reclaiming the psychological mark of $100 and the remarkable growth of its network, the Ethereum-killer is rising ranks. Standing as the fifth-biggest crypto with a $49+ Billion market cap, Solana is the altcoin to watch in this phase of “Pre-Halving Rally.” Amidst such increasing bullish anticipations and the turnarounds reflecting remarkable growth, Solana’s price prediction hints at a rally to the $500 mark.
Will SOL Price Cross Past $115?
Source-Tradingview
With a bullish month and a rise in demand for Solana amidst the market recovery, the SOL price is sustaining dominance above $100. With an outstanding rise of 23% over the last four weeks and a remarkable jump in trading volume, Solana eyes a bullish breakout.
Further, the weekly price trend showcases a strong resistance at the $115 mark, acting as the neckline of an inverted head and shoulder. Known for its trend reversal, the bullish pattern hints at the new high-powered bull run in Solana.
Despite last week’s candle showcasing the 4.42% jump, the buyers fail to find a bullish closing above the neckline. Delaying the breakout run, the higher price rejection warns of a retest of $100.
Nevertheless, with the market blasting off the bullish engines, the altcoin is setting the stage for a massive jump in the coming weeks or months.
Also Read: Bitcoin Opens its Bull Market Doors With Highest Weekly Close: Here’s When BTC Price May Hit $100K
Is The Solana Network Bouncing Back?
Amidst the bounce back in the DeFi Space, the Solana network is displaying signs of revival and healthy growth. As it approaches the $2 Billion TVL, the rising number of active users on the Solana Network is a testament to a turnaround.
With 21.63 Million users in January 2024 and 12.59 Million till 18th February, it reflects a potential Month-on-Month growth trend continuation.
How High Will Solana Go This Bull Run?
With the high anticipations around the inverted head and shoulder pattern, the SOL price is preparing for a bullish breakout. However, the sideline traders are awaiting a bullish closing above $115 in the weekly timeframe for a better confirmation.
Solana can go as high as $158 in case of a positive outcome in the coming weeks.
Altcoins Price Analysis Solana (SOL)
Bitcoin Opens its Bull Market Doors With Highest Weekly Close: Here’s When BTC Price May Hit $100K
After becoming the best-performing asset of the decade, Bitcoin doesn’t seem to stop here, as it appears to be at the foothills of a massive explosion. With the recent move, the BTC price has unlocked the bull market doors as the token has surpassed the threshold that acted as a strong barrier earlier. Previously, when the price soared above these levels, it resulted in the beginning of a massive bull run that ended in achieving the highest level close to $69,000.
Now that BTC’s price is just 30% away from its current ATH, when will the token surpass these levels, forming a new ATH?
The levels around the 0.618 FIB levels have been proven to be crucial levels in history. If the price surpasses these levels, it leads to the beginning of a fresh bull run with the aim of forming new highs. But if it fails to do so, then a rejection occurs, causing the price to lose more than 80% of its value, resembling the bear market. 
Also Read: Liquidity Shift Seems to Have Started: AI Ecosystem May Thrive After Bitcoin Price Peaks Out
Besides, the RSI is also displaying a similar pattern as it heads towards overbought levels. It happened previously when the token was on its way to mark a new ATH. As long as the RSI remains within the overbought levels, Bitcoin may continue to hold the bullish trajectory high, aiming for new highs close to $100K or even higher.
While the Bitcoin halving is fast approaching and the levels are hardly 30% below the ATH, larger possibilities of reaching $100K emerge before the end of the first half of the year.
Bitcoin Price Analysis
Worldcoin Price Records 211% Jump! WLD Price To Hit $10 This Month?
The Worldcoin price has recorded a jump of over 23% within the past day, making it the top gainer of the market for the day. Moreover, the WLD coin has experienced significant whale transactions this month and successfully surpassed the 1 Million daily users milestone, highlighting it to be the prime reason for the surge.
The Worldcoin price traded in a closed range between $2.144 and $2.670 for twenty-six days, indicating weak buying and selling pressure in the market. As the market volatility grew, the market bulls gained momentum and jumped 22.58% in value, following which the price traded sideways for a while.
After displaying a neutral trend for a while, the bulls regained momentum and recorded a jump of 103.485% within the next three days in their valuation. Currently, the WLD token is trading in a closed range between $6.441 and $7.009 and is on the verge of testing its resistance level, the outcome of which is unpredictable.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram for a brief time, indicating a strong bullish influence in the market. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming time.
Also Read: Liquidity Shift Seems to Have Started: AI Ecosystem May Thrive After Bitcoin Price Peaks Out
Will Worldcoin Price Increase?
If the market holds the price above the support level of $6.441, the bulls will continue to gain momentum and prepare to test its resistance level of $7 soon. Maintaining the price at that level will set the stage for Worldcoin price to attempt to test its upper resistance level of $7.510 in the upcoming week.
Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its lower support level of $5.492. Moreover, if the bears hold power over the bulls, the WLD coin price will continue to bleed and test its crucial support level of $4.838 this month.
Altcoins Price Analysis
Liquidity Shift Seems to Have Started: AI Ecosystem May Thrive After Bitcoin Price Peaks Out
Story Highlights
- Bitcoin soared above $52,000 and has remained stuck around the gains while the other altcoins have been attempting longer jumps
- With this, the possibility of a strong altseason emerges as the BTC price is close to peak out which may allow the other altcoins to flourish
Bitcoin printed one of the biggest weekly green candles for the first time since November 2021. With this, the price is just 30% away from its current ATH, suggesting the token is close to peaking out. So what’s next, Will the BTC price face rejection after hitting these levels or will it remain calm, allowing the altcoins to thrive as before?
The ETH/BTC soared to a large extent and is about to replicate the weekly gains incurred in the first week of 2024. Besides, the altcoin market cap is close to undergoing a ‘Golden Cross’ in the long term. As this event occurs once every 4 years, it has signalled the beginning of an altcoin-bull run.
Now that the bull run is on the horizon, the newly emerged AI ecosystem is expected to grow magnificently. Almost all AI tokens have insanely grown in the past week, suggesting they could be a pretty good option to invest in before the upcoming bull run. Worldcoin (WLD) has displayed a magnificent run with a nearly 150% rise in the past week.
Apart from these, many projects are believed to thrive in the coming days. The potential of AI is vast and diverse and hence, interest in AI has been significantly increasing for over a year. Besides, Bitcoin is losing popularity, which is substantiated by Google search trends. 
Also Read: Bitcoin Opens its Bull Market Doors With Highest Weekly Close: Here’s When BTC Price May Hit $100K
Which Projects Can Be Considered for the Upcoming Bull Run?
As a matter of fact, AI in crypto is driven by the synergy between Web2 and Web3 companies. Therefore, any positive news from the real world has a significant impact on the AI market in crypto, which was witnessed with the introduction of OpenAI’s Sora. This led to a massive rise in many AI tokens, including WLD, AGIX, RNDR, TAO, AGRS, PAAL, and many more.
One of the well-known analysts, anonymously known as AEX Wacy, sheds light on the growing AI ecosystem and lists out the tokens that can be closely monitored. The analyst lists some tokens, including, GraphLinq Chain (GLQ), Balance AI (wBAI), EnqAI ($ENQAI), Devolved AI ($AGC), and many more.
The AI market appears to thrive in the long term, as all aspects of AI development are poised to become one of the largest markets, potentially leading to significant growth.
Altcoins Bitcoin Price Analysis
Cardano’s Meteoric Rise: TVL Surges 166%, Could ADA Price Reach $8 by 2025?
According to analyst Altcoin Daily, Bitcoin’s recent surge to $52,000 has sparked speculation of further growth, possibly reaching $69,000. This upward momentum is attributed to strong demand in the US market. Historically, Bitcoin’s surpassing of all-time highs, such as $69,000, has signaled the beginning of the altcoin season, where other cryptocurrencies gain traction.
Altcoin Daily also said that Ethereum and Solana were important assets in this trend, noting their increased mainstream recognition and investment appeal compared to riskier assets.
He also discussed how Cardano founder Charles Hoskinson has expressed optimism about ADA’s future, predicting it to be the best year yet for the project. Hoskinson cites Cardano’s growth metrics, including a substantial increase in Total Value Locked (TVL), ranking, and price performance.
Cardano’s TVL surged 166% quarter-over-quarter and nearly 700% year-over-year, showing its growing importance in the crypto space. Additionally, Cardano’s strategic partnerships and expanding ecosystem indicate further potential for growth and adoption.
Hoskinson’s remarks come amidst increasing interest and investment in Cardano, fueled by its strong fundamentals and development milestones. The project’s emphasis on privacy-focused solutions like Midnight and strategic collaborations with other blockchain ecosystems further bolster its position in the market.
Market analyst Ali Martinez believes that Cardano (ADA) could reach $8 by January 2025. Martinez made this prediction by comparing ADA’s recent price movements to its behavior between late 2018 and November 2020.
During that time, ADA stayed between $0.0177 and $0.1069, with a top trendline blocking prices from going above $0.10 and a bottom trendline preventing them from falling below $0.017. In July 2020, ADA broke out above the top trendline after weeks of consistent gains. This historical pattern suggests to Martinez that ADA might hit $8 in the future.
Altcoins Price Analysis
Top 5 Factors That Could Drive the Bitcoin Price to New ATH in 6 Months
Story Highlights
- Bitcoin's price has surged 30% in 3 weeks, and analysts predict it could reach a new all-time high within 6 months.
- 5 factors that could drive the price up include the Bitcoin halving, new Bitcoin ETFs, etc.
- There are also risks, such as the possibility of these events being priced in, geopolitical conflicts, or unexpected selling pressure.
In an impressive start to the month, Bitcoin has surged by $50,000, smashing through the $1 trillion market cap and boasting a remarkable 30% increase in just three weeks. The big question now is when Bitcoin will hit an all-time high, especially with the 2021 peak of $69,000 now just 32% away.
Here are five key factors that could drive Bitcoin to new highs before summer.
Bitcoin to hit All-Time High of $69K, If?
Analytics firm IntoTheBlock’s report suggests an 85% chance of Bitcoin hitting a fresh all-time high within the next six months. According to their head of research, Lucas Outumuro, this forecast is based on five key catalysts that could drive Bitcoin higher in the coming months.
The Halving Buzz
First on the list is the eagerly awaited Bitcoin halving event in April. Miners seem ready for the event, and Outumuro believes Bitcoin’s all-time high might come just a month after the halving, reducing selling pressure as BTC’s issuance inflation rate drops significantly.
ETFs: A New Player in the Game
The second catalyst is the influx of funds from recently approved Bitcoin exchange-traded funds (ETFs). These ETFs have already attracted around $4 billion in new investments within a month of launch. With supply issuance decreasing post-halving, this significant influx of funds has the potential to boost Bitcoin demand.
Federal Reserve’s Influence
The anticipation of interest rate cuts by the Federal Reserve, possibly starting in March, is the third factor. Traders are factoring in these rate cuts, which could lead to increased liquidity in financial markets. This liquidity boost could benefit assets like Bitcoin and stocks, contributing to a potential surge.
Election Dynamics
Factor number four is the upcoming US presidential election. Expectations are high that the Federal Reserve might take steps to support the economy ahead of the event, potentially influencing market dynamics.
Corporate Bitcoin Adoption
The fifth factor is a global trend of companies accumulating Bitcoin in the coming months, accompanied by spot ETFs making Bitcoin more accessible. This shift, particularly in Asia and South America, is expected to expand nationally, boosted by the legitimacy brought by ETFs in the US.
In addition, the prospect of institutional treasuries allocating to Bitcoin presents a bullish narrative, adding to the optimism for price appreciation.
Risks on the Horizon
While the outlook is promising, several risks loom. The possibility of catalysts being priced in, geopolitical conflicts, or unexpected selling pressure could dampen Bitcoin’s ascent. A failure of anticipated events, like the Federal Reserve refraining from easing conditions, could trigger a significant market correction.
In this exciting Bitcoin journey, investors are navigating through a dynamic landscape, eagerly watching for the next turn in this volatile digital frontier.
Bitcoin Price Analysis
Fetch.ai (FET) Price To Hit New ATH Soon!
The rise of Artificial Intelligence (AI) in the technology sector has significantly proliferated in the cryptocurrency market. Using digital assets to fund AI-focused projects has helped Fetch.ai (FET) grow into a mature ecosystem. Moreover, FET tokens are used to pay for all the services in the Fetch.ai ecosystem, including the DeltaV, an AI-driven marketplace. The Fetch.ai network’s use of AI Agents, who work in a decentralized environment, has helped it to grow into a globally competitive ecosystem.
Why FET Price Will Breakout to New ATH Soon
The rise of Bitcoin (BTC) beyond $50,000, less than 65 days before the fourth halving happens, has triggered the thought of a crypto super cycle. As a result, the altcoin market led by Ethereum (ETH) is expected to benefit through the established crypto cash flow significantly. The AI-focused altcoins, including Worldcoin (WLD), and FET, have experienced notable price upsurge in the past few weeks.
Also Read: Goldman Sachs Predicts S&P 500 to Reach 5,200 by 2024, Aligning with Bitcoin’s Bullish Trend
Would you believe #FET will hit $10 in Bull Market?$FET very near to Breakout $1 Resistance Level.
25% up after Yesterday's Post.
Super Bullish above $1 Resistance.
Big Dip = Buying Opportunities.
NFA#Cryptocurrency https://t.co/JeMIFh4j4U pic.twitter.com/ZHsasLa8uW
— Crypto Patel (@CryptoPatel) February 19, 2024
According to a famous digital assets analyst, Crypto Patel, on the X platform, the FET price will quickly rally 10X from the current level in the near term and reach $10. Worth noting that the FET price has rallied more than 75 percent in the past two weeks to trade around 94 cents on Monday during the early New York session.
As the FET price continues to retest the resistance level around $1, which is its all-time high, it is prudent for derivatives investors to wait for a confirmation before entering long trades. If the FET price converts the current resistance to a support level, it will be safe to assume a parabolic rally is on the horizon.
