Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

SOL, LINK Get Set for Big Moves as Altcoins Prepare To Soar

Published 01/31/2024, 01:06 AM
Updated 01/31/2024, 01:15 AM
SOL, LINK Get Set for Big Moves as Altcoins Prepare To Soar

  • An analyst predicted that SOL will rise to $333 while LINK will jump as well.

  • Should SOL breach $108.53, the price could rise to $150 in the short term.

  • LINK’s 4-hour chart indicated that buyers outpaced sellers.

According to Captain Faibik, a technical analyst, participants holding altcoins should be patient. In his post, Faibik noted that the altcoin market could soon reach bullish levels.

In two other posts, the analyst mentioned two of the altcoins with immense bullish potential. First, it was Solana (SOL), and the second one was Chainlink (LINK).

SOL to $333?

According to Faibik, SOL could be on its way to $333. He defended his point by sharing a 3-day chart showing SOL breaking out of a descending movement. Lately, the cryptocurrency has experienced a significant correction.

But the last 24 hours have been positive for the price action. As of this writing, SOL’s price was $103.25, representing a 6.81% 24-hour climb.

The SOL/USD 4-hour chart confirmed that the mar…

The post SOL, LINK Get Set for Big Moves as Altcoins Prepare To Soar appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.