Bitcoin Price Stalls, Altcoin Rally Soon: What’s Next For ETH, SOL, UNI and LINK?
- Altcoins are gearing up for a rally according to experts.
- Bitcoin price has currency stalled below the $105k level.
- Here are important price levels for ETH, SOL, LINK and UNI.
Bitcoin’s price recently hit a high of $106,000 during a FOMC (Federal Open Market Committee) event. Lately, Bitcoin hasn’t moved much, which may signal the market’s shift towards altcoins, and they could outperform Bitcoin in the coming days and weeks.
During the last crypto bull market, several altcoins saw dramatic drops mid-cycle, only to make impressive comebacks. For example, Solana (SOL) dropped by 70% but then surged by an incredible 163x in the months that followed. According to an analyst, altcoins like Ethereum, Solana, and Chainlink, among others, might be ready for some serious moves.
Related: Is Altcoin Season Coming Feb 2025? A Look at the Bullish Signs
Ethereum (ETH): Watching Key Levels
For Ethereum, the analyst said that a descending wedge pattern is forming. These typically result in bullish breakouts. But, it’s important to monitor key price levels. The first critical level for Ethereum is $3,000, where it needs to hold steady for upward momentum.
…The post Bitcoin Price Stalls, Altcoin Rally Soon: What’s Next For ETH, SOL, UNI and LINK? appeared first on Coin Edition.
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Bitcoin Price Stalls, Altcoin Rally Soon: What’s Next For ETH, SOL, UNI and LINK?
- Altcoins are gearing up for a rally according to experts.
- Bitcoin price has currency stalled below the $105k level.
- Here are important price levels for ETH, SOL, LINK and UNI.
Bitcoin’s price recently hit a high of $106,000 during a FOMC (Federal Open Market Committee) event. Lately, Bitcoin hasn’t moved much, which may signal the market’s shift towards altcoins, and they could outperform Bitcoin in the coming days and weeks.
During the last crypto bull market, several altcoins saw dramatic drops mid-cycle, only to make impressive comebacks. For example, Solana (SOL) dropped by 70% but then surged by an incredible 163x in the months that followed. According to an analyst, altcoins like Ethereum, Solana, and Chainlink, among others, might be ready for some serious moves.
Related: Is Altcoin Season Coming Feb 2025? A Look at the Bullish Signs
Ethereum (ETH): Watching Key Levels
For Ethereum, the analyst said that a descending wedge pattern is forming. These typically result in bullish breakouts. But, it’s important to monitor key price levels. The first critical level for Ethereum is $3,000, where it needs to hold steady for upward momentum.
…The post Bitcoin Price Stalls, Altcoin Rally Soon: What’s Next For ETH, SOL, UNI and LINK? appeared first on Coin Edition.
Read More