Market analysis firm MarktQuant has released a report evaluating the current trends and price movements of major cryptocurrencies like Bitcoin, Ethereum, and Solana.

Bitcoin's Slowing Momentum

The report indicated that Bitcoin's valuation score rose to -0.24, signaling an increase in trend momentum. However, the recent push on September 26, 2024, failed to sustain a rally. MarktQuant noted, “While BTC remains in a long-term trend, the weakening momentum suggests further gains may be limited without stronger buying pressure.”

Ethereum's Prospects

Ethereum also saw a slight uptick in its valuation score, climbing to -0.69, reflecting a minor increase in positive momentum. However, the system remains in a cash (neutral) position, waiting for clearer signals before any trend reversal is confirmed. The firm stated, “Although Ethereum’s valuation score indicates a neutral zone, this is not yet sufficient to trigger a trend shift.” As a result, the outlook for ETH remains cautious.

Solana's Potential Breakout

Solana showed notable improvement, with its valuation score rising to -0.46. According to MarktQuant, the upward momentum could soon push SOL into a long position if the current trend continues. This positive movement indicates growing interest in the Solana market, but it still requires stronger momentum for a confirmed breakout.

The mixed signals across Bitcoin, Ethereum, and Solana highlight uncertainty in the cryptocurrency market. While Bitcoin and Ethereum show signs of slowing momentum, Solana could be gearing up for a strong breakout.