With decreasing trading volumes for Bitcoin, experts provide forecasts on the price levels for Solana and Bitcoin, highlighting key points that may influence upcoming movements in these cryptocurrencies.
Solana (SOL) Price Forecast
Crypto analyst Carl shared an updated chart for Solana, highlighting two critical price levels. For investors looking for gains from a potential breakout, $159.5 is the key resistance level above, while $127 is the crucial support level below. Should it fall below the $122 support level, the next targets could be $118 and $111. For an upward movement, significant levels are pointed at $188 and $210.
Bitcoin (BTC) Commentary
Marco Johanning indicated a possible drop for Bitcoin to $59,232. If the price rises, the targets to watch are $64,000 and the breakout level at $67,000. "There is a medium-term bullish outlook, but as mentioned yesterday, a short-term rise is only possible if BTC regains the blue lines. Otherwise, the so-called 'final shakeout' is still on the table." Daan Crypto Trades commented that the weekend's tranquility is reasonable and focused on the CME gap, noting that we might return to around $62,400.
Impact of Economic Events
The week's significant event will be the Fed minutes released on Wednesday, marking the first interest rate cut. Investors have great expectations, which may reflect in the charts.
Experts continue to monitor key price levels influencing Solana and Bitcoin amidst current economic conditions and potential monetary policy changes.