Cryptocurrency analytics firm MarktQuant has released its latest assessment of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), offering insights into market trends and valuations using its proprietary quantitative model.

Bitcoin and Its Trends

Bitcoin's valuation score rose to -0.24, indicating an increase in trend momentum. However, the most recent crossover on September 26, 2024, failed to sustain this rally. MarktQuant noted that the trend is losing strength despite the current long position. "While BTC remains in a long trend, weakening momentum suggests that further gains may be limited without stronger buying pressure."

Current State of Ethereum

Ethereum's valuation score rose to -0.69, indicating a small increase in positive momentum. However, MarktQuant's system remains in cash (neutral), waiting for a clearer signal of a trend reversal. "The valuation score shows that ETH is approaching a neutral zone, but this is not yet enough to trigger a change in trend," the firm explained, emphasizing that ETH's outlook remains cautious.

Improvement in Solana's Position

Solana showed a notable improvement, with its valuation score rising to -0.46. The firm suggests that SOL could soon re-enter a long trend if momentum continues to build.

MarktQuant's analysis offers valuable insights into the current state and dynamics of the three major crypto-assets. Despite mixed signals, it is essential for market participants to monitor developments and be prepared to respond to trend changes.