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COINTURK NEWS > Technical Analysis > Market Predictions Reveal Potential for AVAX, SOL, and XRP Coin Gains
Technical Analysis

Market Predictions Reveal Potential for AVAX, SOL, and XRP Coin Gains

In Brief

  • Bitcoin approaches $60,000, impacting altcoin trading.

  • AVAX, SOL, and XRP Coin show potential for upward movement.

  • Market sentiment may shift with news on interest rates and regulatory decisions.

Fatih Uçar
Fatih Uçar 9 months ago
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As Bitcoin $107,340 price approaches the $60,000 mark, trading at $59,800, a dynamic period emerges for altcoins. Increased trading volume is crucial as cryptocurrencies head into the weekend positively. If risk appetite rises due to excitement around interest rate cuts, we might witness rapid upward movements in altcoins. What are the predictions for AVAX, SOL, and XRP Coin?

Contents
AVAX Price PredictionSolana (SOL)XRP Coin Expert Prediction

AVAX Price Prediction

Recovering from a low of $23, AVAX is now above $24. If Bitcoin remains strong, a test of $28 is possible. Despite failing to maintain $30 last month, Avalanche (AVAX) may still adjust its pricing. In case of a downturn, targets are currently set at $23 and $21.

In a bullish scenario, AVAX will face significant resistance at $41.80. The real momentum for an increase is expected with closures above $58. Although delayed, AVAX could eventually reach three-digit prices.

Solana (SOL)

The $111 level has become a substantial buy wall for SOL Coin. This resilience indicates continued bullish sentiment. With closures above $138, Solana $159 bulls should aim for price targets of $162 and $188. Even with early bad news from the ETF front, renewed enthusiasm in the Solana ecosystem could push prices upwards.

The trajectory for Solana has been clear for some time. After reaching $188 and $210, bulls will target $256. In the short term, a potential drop could lead to testing $120.

XRP Coin Expert Prediction

XRP Coin continues the day at $0.56, ranking among the largest altcoins by market cap. The SEC’s appeal decision deadline regarding second market sales is set for the first week of October. Grayscale is launching an investment fund for XRP Coin, indicating that Ripple $2 is overcoming previous obstacles.

Crypto analyst Carl mentioned:

“XRP is preparing for a new rally after a lightning-fast +10% increase yesterday. The target is the resistance at $0.59.”

Following this, targets of $0.64 and $0.74 may lead to a potential rise to $0.93.

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.

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Fatih Uçar 13 September, 2024 - 11:35 pm 13 September, 2024 - 11:35 pm
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