CandleFocus Cryptocurrency Analytics Company Releases Critical Price Levels for Bitcoin, Ethereum and Solana
2024-11-02
Author: Content Editor
Cryptocurrency analytics firm MarktQuant has released its latest assessment, stating that the valuation of Bitcoin has fallen to 0.93, indicating possible short-term weakness. The analysis suggests that Bitcoin could retest the $67,500 level before any potential rally. The firm remains cautious about recent breakout attempts, stating that they are not convincing, and Bitcoin needs to break above $78,600 for a confirmed bullish trend. Ethereum, on the other hand, has shown relative strength with a near-neutral valuation at -0.07. If Ethereum can surpass $2,600, it could indicate upward momentum. Solana's valuation has fallen to 0.52, suggesting near-term weakness but remaining in positive territory. The analysis notes that if Bitcoin weakens further, Solana could find support around $148.
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