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Crypto Market Braces For Dramatic Shift: Analyst's Predictions About Solana, Chainlink, Avalanche Send Shockwaves

www.benzinga.com

A pseudonymous cryptocurrency analyst issued a warning to investors and traders in the digital currency ecosystem, predicting a gradual decline for several prominent cryptocurrencies, including Solana (CRYPTO: SOL), Chainlink (CRYPTO: LINK), Avalanche (CRYPTO: AVAX) and the decentralized finance (DeFi) token Rune (CRYPTO: RUNE). Altcoin Sherpa's analysis focused on specific technical indicators, particularly the .382 Fibonacci retracement levels and the 200-day Exponential Moving Averages (EMAs) on the four-hour charts.

Read in Full: www.benzinga.com
Bitcoin AVAX
$ 37.4
Bitcoin LINK
$ 18.401
Bitcoin SOL
$ 103.81

Timeline of Avalanche, Chainlink, Solana


Crypto Whale With $158,180,000 Worth of Chainlink Starts Sending LINK to Binance: Lookonchain - The Daily Hodl

A crypto whale who accumulated huge amounts of Chainlink (LINK) in the last two months is now making another big move, on-chain data shows. According to blockchain tracking service Lookonchain, the deep-pocketed investor used 81 different wallets to build up a massive holding of 11 million LINK. Now, the whale just moved 1.


XRP and SOL Pairs Listed on This Top Exchange - UToday

The duo of XRP and Solana (SOL) have received a major new boost as the month runs to a close following the announcement of a mega listing on Crypto.com. As the top exchange revealed, the EUR pairs for both assets are now live on its platform, setting the stage for users in the European Union to embrace the pairs.


Solana Price Prediction: Here's Why SOL Correction May Turn To 26% Rally - Coingape

Solana Price Prediction: The ongoing correction in the Solana coin price has found suitable support at the $51.4 level. Over the past two weeks, the price rebounded twice from this level, signifying continued accumulation by buyers during market dips, a behavior often associated with strong market recovery.


Solana's user engagement surges with influx of new participants - CryptoSlate

As one of the leading layer-1 blockchains, Solana offers an insightful proxy for analyzing the broader L1 ecosystem. Its unique combination of high throughput, low transaction costs, and a rapidly growing ecosystem makes it an ideal case study for understanding trends in blockchain adoption, user behavior, and transactional dynamics.


These Three Narratives Are Driving ‘Vibrant' Solana (SOL) Ecosystem, According to Crypto Exchange CoinEx - The Daily Hodl

Three primary sectors are driving the development of Solana's (SOL) “vibrant” ecosystem, according to the Hong Kong-based crypto exchange CoinEx Global. CoinEx notes in a new analysis that the Ethereum (ETH) competitor's attention is focused on decentralized finance (DeFi), memecoins and decentralized physical infrastructure networks (dePIN).


Solana (SOL) Price Tanks 5% Slipping Under $55, What's Next? - Coingape

Ethereum Layer-1 competitor Solana has been on a downward trajectory ever since hitting its 2023 high of $68.21 earlier this month in November. The Solana price has corrected a further 5% over the last 24 hours slipping under $55 as of press time.


$SOL: Matrixport's Markus Thielen Reflects on the Stunning Performance of Solana's Native Token - CryptoGlobe

Markus Thielen, Head of Research at Matrixport, recently shared a comprehensive analysis on how well the Solana blockchain and its native token SOL have done in 2023. Thielen began by highlighting SOL's extraordinary price growth in 2023, noting a staggering 480% increase year-to-date.


Solana Competitor Explodes Over 110% in Two Weeks Amid New Investment From USDC Issuer Circle - The Daily Hodl

A Solana (SOL) competitor is suddenly soaring amid news that stablecoin issuer Circle (USDC) is investing in the blockchain project. The Sei Network (SEI), the new layer-1 blockchain that claims to be a blockchain faster than Solana, reached a high of $0.


Solana (SOL) Makes History With About 51M Surge in Daily Transactions - Coingape

Solana (SOL) has impressed many of its investors with its price growth thus far this year and the protocol just broke new history as the total daily transaction count soared to its highest level. Solana Bucks Daily Transaction Trend According to data from crypto data intelligence platform, Artemis, Solana soared to its highest daily transaction


AVAX Holders Beware: $204 Million Token Unlock Could Trigger Price Crash Today - NewsBTC

Token unlocks for cryptocurrencies such as AVAX are not new but that does not negate the kind of impact that these unlocks can have on the price. Depending on the size of the unlock, it could trigger a market crash as millions of new coins roll into circulation and are dumped on retail.

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Bitcoin Bitcoin
51462.9000 -1.31%
Ethereum Ethereum
2938.17000 -1.99%
BNB BNB
385.440000 8.79%
Solana Solana
103.664000 -3.38%
XRP XRP
0.54521800 -2.16%