As the month draws to a close, the cryptocurrency market captures investors' attention. This article examines price forecasts for major cryptocurrencies in the week ahead.
Bitcoin: Short-Term Correction Amid Long-Term Resilience
Bitcoin has seen an 8.23% decrease over the past month and a 2.93% drop in the last week, while it has recorded a 7.99% gain over six months. The price movements reveal a potential short-term pullback amidst mid-term strength. Currently, Bitcoin is trading between $94,832 and $113,326, with immediate resistance at $121,869 and solid support at $84,880.
Ethereum Market Analysis: Past Trends and Present Price Signals
Ethereum has declined by roughly 15% over the last month and nearly 34% over the past six months. The price has consistently shifted downward, indicating rising caution among traders. At present, Ethereum is trading within a defined range between approximately $1,924 and $2,962, with the nearest resistance at $3,395 and major support at $1,319.
Solana Price Analysis: Declines and Key Support in Focus
Solana has experienced a steady decline, recording a 25.16% drop in the past month and a 29.20% fall over the last six months. Currently, Solana trades between $136 and $182, facing near-term resistance at $207.9 and support identified at $115.84, with bearish pressure prevailing.
Bitcoin and Ethereum are likely to maintain their current momentum if trading volumes stay high. Solana has shown robust growth patterns and may continue to rise if these trends persist.
