CandleFocus Bitcoin Price Stalls, Altcoin Rally Soon: What’s Next For ETH, SOL, UNI and LINK?
2025-01-31
Author: Content Editor
The price of Bitcoin reached a high of $106,000 during a recent event, but has not shown much movement since. This may indicate a shift in the market towards altcoins, which could outperform Bitcoin in the future. The analyst suggests that altcoins like Ethereum, Solana, and Chainlink could see significant movements. Ethereum is forming a descending wedge pattern and needs to hold steady at $3,000 for upward momentum. If it drops below certain levels, there could be a price retracement, but the target is $3,500. Uniswap could also see a boost with the release of version 4, and if it holds above certain support levels, a breakout is possible. Solana has seen a surge, driven by the meme coin launchpad, and could see further gains if it holds key support levels. Chainlink has closed above the 50-day moving average and has upside targets between $27 and $30.
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