The Border cryptocurrency market seems bearish, While Dogecoin and Binance stand out with minor gains. Bitcoin bulls are making their third attempt to break the $62,900 resistance level. ETH Price might test $3,850 and $3920 levels in the near term.
So, coming to most talked altcoins, SOL and EGLD prices are currently in a correction phase and indicators suggest breakout soon hitting new ATH.
Popular trade and crypto analyst Michaël van de Poppe has mapped the potential price targets for Ethereum, Solana, and Elrond in his recent video.
At present, the ethereum price climbed above the $3,800 resistance levels. It even traded above the $3,900 level and formed a high near the $3,968. The price is now correcting gains and trading below $3,900. The major resistance is at the $3,950 level. A breakout above this level could open the doors for major gains. Further, The next resistance lies at the $4,200 level.
Analyst Poppe believes that right now ETH price is undergoing the final pullback before breaking out. The second-largest crypto has rejected the resistance at $3,900 for the third time, once the ETH price breaks the $3,920 level the altcoin will hit $4k.
“Before getting into the rally ETH price might correct a little bit and continue running after the corrective move has taken place on Bitcoin and ETH. In that case, probably around $4,000, we can still hit.”
With significant volatility, SOL price traded in a range of $157.35 – $174.90 in the last 24 hrs. Currently, an ascending triangle pattern is formed which is considered a bullish formation. In case of a breakout above the $170 level, traders can expect the SOL price to rally more than 100% trading at $330.
However, Poppe expects SOL Price to continue correction before it could restart its uptrend and print a new all-time high at $240. Analyst lists the potential buys levels at $122, $97, and $78 respectively.
EGLD price has found substantial resistance in the past few days. The coin has struggled to move above the key level at $245.
Traders can expect Elrond prices to break out higher in the near term. If this happens, the next key level to watch will be at $300, which is about 26% above the current level. This view will be invalidated if the price declines to $220.
As per the chart, the EGLD/BTC looks ready to ignite a rally to a new all-time high at 0.007 BTC ($433.36), marking a potential upside of over 94% from current prices.