BTC is preparing to test $60,000 and the gradual rise continues. Although the price’s rapid drop after increasing in stages exhausts investors, historical data suggests a vertical rise should continue at some point. What about altcoins?
BNB Coin Analysis
In the short term, analyzing the current charts of three altcoins is the best comparison method. ETH currently cannot benefit from the ETF advantage and seems to be on equal terms with others. BNB Coin price became the only major altcoin to reach its ATH level. It even surpassed $700 by pushing the peak higher.
Trading around $526, the price is still below EMA20, and the first major signal for a short-term rise will come with surpassing this threshold. If successful, the next hurdle for the bulls will be the $605 threshold, where the rally needs to accelerate. Above this, there is a key resistance at $635 before a new all-time high.
If rapid declines start again, closures below $526 could trigger new lows between $490 and $460.
ETH Price Prediction
Bulls are trying to form a higher low, and the $2,500 support remains strong for now. However, EMA20 has not been surpassed here either. The price needs to exceed $2,772 to bring the resistances above $2,850 back into focus. This could eliminate the risk below $2,500. An upward breakout will be seen with closures above $2,850. Then, the targets could be $3,085, which is the SMA50 level, and $3,400. A clear series of entries on the ETH ETF front will be supportive.
Solana (SOL) Target
Two different ETF applications have been made for SOL Coin, and this will be clarified in the first half of next year. Gensler will probably not be in office, and if a rejection does not come before he leaves, the exciting anticipation next year could also push the price up. In the short term, reclaiming the $141 support is essential. The price is now lingering close to this region.
The target in the continuation of the rise will be $164. However, if the upward momentum is not sufficient and a pullback starts, a return to $130 and $116 is likely.
