COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: BTC Price Fluctuations Affect Altcoins and SOL Coin Analysis
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Solana (SOL) > BTC Price Fluctuations Affect Altcoins and SOL Coin Analysis
Solana (SOL)

BTC Price Fluctuations Affect Altcoins and SOL Coin Analysis

In Brief

  • BTC price fluctuations impact altcoins significantly.

  • SOL Coin price broke out with ETF news and BTC recovery.

  • Analysts predict possible rally or deeper dip for SOL Coin.

COINTURK NEWS
COINTURK NEWS 10 months ago
Share
SHARE

The fluctuation in BTC price brings surprising results for altcoins, and this has been the case for a long time. BTC experiences rapid declines after slow rises, wearing down a significant portion of altcoins. Buyers see price increases as short-term selling opportunities. Of course, this cannot be expected to continue forever. So, what is the latest situation with SOL Coin?

Contents
Solana (SOL)SOL Coin Predictions

Solana (SOL)

On March 18, the price started trading within a symmetrical triangle and got stuck. This formation, indicating consolidation, has been ongoing for a long time due to the weakness in BTC price. When the formation breaks up or down, it indicates the end of the trend, and the movement is expected to accelerate in the direction of the break.

SOL Coin price broke out of this on July 19 with the news of the spot SOL ETF and the recovery of BTC price. Although investors expected a stronger rally, Bitcoin again limited the movement as it has for months. On July 29, the price dropped to $182.5 and seems to continue its decline.

If the selling continues, a deeper dip may occur. The daily loss is around 7%. For SOL Coin, which is preparing to retest the breakout level, there are 2 scenarios. Either the breakout level will be lost, and we will see a downward break with larger sales, or the price will start a new jump from the breakout point, targeting new peaks.

If the price lingers at the breakout level for a long time, the view that the upward breakout is invalidated gains strength, and buyers may support increased sales due to the increased risk.

SOL Coin Predictions

The Parabolic Stop and Reverse (SAR) indicator appears in favor of the downtrend. The CMF confirms the decrease in liquidity inflow along with the price easing. The weakening of cash inflow during the decline signals that sales will accelerate. A return to the symmetrical triangle suggests that consolidation will continue boringly or a downward break is expected. This points to $154.2 as the first stop.

However, Santiment Chief Analyst Brian Quinlivan believes that the rally will not be delayed much due to the strong correlation of the popular cryptocurrency with BTC. If this happens, a SOL Coin price climbing to $200 can be seen after testing the breakout level.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Solana Races to the Top: Outshining Ethereum with Unprecedented Metrics

Bitcoin’s Rise Stalls: Will SOL and PENGU Make a Comeback?

Solana Captures Market Attention with Innovative Revenue Sharing Model

DeFi Development Expands Solana Holdings with Strategic Acquisition

Solana’s Stellar Performance Captivates Enthusiasts

COINTURK NEWS 1 August, 2024 - 6:15 pm 1 August, 2024 - 6:15 pm
Share This Article
Facebook Twitter
Share
Previous Article ECB Prepares for Two More Rate Cuts to Support Eurozone Economy
Next Article Montenegro Court Decides to Extradite Do Kwon to South Korea
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

FTX Distributes Billions, Reanimating the Cryptocurrency Market
Cryptocurrency News
MOVE Coin Faces Rapid Decline Despite Prominent Backing
Altcoin News
Fed Faces New Challenges as Economic Signals Conflict
Cryptocurrency News
Traditional Banks Drive Stablecoin Surge in Crypto Markets
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?