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COINTURK NEWS > Technical Analysis > Experts Provide Predictions for MASA, Cardano (ADA), and SOL Coins
Technical Analysis

Experts Provide Predictions for MASA, Cardano (ADA), and SOL Coins

In Brief

  • Bitcoin price is currently $67,750 with positive trends for altcoins.

  • Experts shared updated predictions for MASA, Cardano, and SOL Coins today.

  • Market movements suggest a potential upward trajectory for several cryptocurrencies.

Ömer Ergin
Ömer Ergin 7 months ago
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The price of Bitcoin $101,203 stands at $67,750, while altcoins continue to show positive trends. Today, many experts shared new target updates for various cryptocurrencies, including SOL, MASA, and ADA Coin. Peter Brandt also released his updated prediction for BTC. What are the expectations of experts regarding Cardano $0.732661, Solana $160, and MASA Coin?

Contents
Predictions for MASA and SOL CoinsPredictions for Cardano (ADA) and Bitcoin

Predictions for MASA and SOL Coins

New charts have emerged for MASA Coin, one of Michael Poppe’s favorite cryptocurrencies. As the BTC price exceeds $68,000, the appetite among altcoin investors has increased. Unlike previous attempts, the expectation for a continued rise is not unfounded, as BTC has created a higher low and is lingering at elevated levels.

Crypto analyst Poppe stated:

“MASA still looks great to continue. Staying above $0.06 seems reasonable, and then we will likely advance to $0.12-$0.14.”

Kyle focused on the on-chain data from the Solana network beyond price charts. He noted a 50% increase in transaction volume, stating that Ethereum $2,050 has fallen behind in this regard.

“The on-chain transaction volume for SOL surged 50% this week, reaching $51 billion, surpassing ETH’s $46 billion. Memecoins account for 40% of Solana’s transaction volume, with pumpdotfun alone making up 35% of total DEX activity.

Weekly token production has climbed to 110,000, with Solana achieving an impressive market share, increasing from 60% to 86%.”

Predictions for Cardano (ADA) and Bitcoin

Carl focused on ADA Coin, a popular smart contract platform, in today’s assessment. Currently at $0.35, this altcoin has been criticized for the sluggishness of its network development. However, Carl takes a more superficial view and targets $0.54 based on technical analysis.

“ADA Coin is about to break out of a symmetrical triangle! If ADA breaks upwards, the target is $0.54.”

Finally, Peter Brandt shared his update on the leading cryptocurrency today. Warning investors about the risk of bad surprises, the seasoned analyst wrote:

“The chance of a measured target working within an inverted expanding triangle is about 50%. If you say, ‘Only 50%, then what’s the use of charts?’ you probably shouldn’t be trading, as you lack a developed understanding of timing and asymmetry between reward and risk.”

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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Ömer Ergin 16 October, 2024 - 7:34 pm 16 October, 2024 - 7:34 pm
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