{"id":155131,"date":"2023-09-13T17:27:54","date_gmt":"2023-09-13T11:57:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-toncoin-solana-price-analysis-crypto-news\/"},"modified":"2023-09-13T17:27:56","modified_gmt":"2023-09-13T11:57:56","slug":"bitcoin-toncoin-solana-price-analysis-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-toncoin-solana-price-analysis-crypto-news\/","title":{"rendered":"Bitcoin, Toncoin, Solana price analysis – Crypto News"},"content":{"rendered":"

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\nIncreasing demand pressure in the market triggers a minor relief rally in altcoin; enough yo go bullish?\t\t\t\t<\/p>\n

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Published 10 mins ago <\/p>\n

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As Bitcoin price stages a comeback from the $25,000 support level, altcoins are beginning to show signs of recovery. However, the release of the inflation measure, the US Consumer Price Index (CPI)<\/a> scheduled for today could hinder this progress and increase market volatility.<\/span><\/p>\n

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At 7:07 a.m. on Wednesday, the total crypto market cap is at $1.03T, reflecting a 1.12% drop. Meanwhile, the 24-hour crypto market volume has seen a notable increase of 46.59%, touching $22.18B.<\/span><\/p>\n

Also Read: Crucial Week For Crypto Market To Confirm Bullish Or Bearish Trend For The Year<\/a><\/p>\n

BTC Price Analysis: Bulls Eyeing a Breakout at $26,200 Resistance<\/strong><\/h2>\n

\"BTC

On September 11, the ongoing correction in Bitcoin price<\/a> retested the last swing low support of $2,500. Previously, this horizontal level bolstered the July rally and therefore stands as a strong support level for crypto holders.<\/span><\/p>\n

With the newly found demand pressure, the BTC price rebounded from this support on the following day, with a gain of 2.6%<\/span><\/p>\n

Currently trading at $26,200, Bitcoin is locking horns with the overhead resistance, which, up until now, has been steering the ongoing correction. A breakout above this resistance level could be the green flag the bulls are looking for. Such a bullish break could pave the way for a rally toward the next target price of $28,668, marking a significant uptrend.<\/span><\/p>\n

TON Price Analysis: Bullish Momentum Aims for $2.6 Mark<\/strong><\/h2>\n

\"TON

Amid the recent sell-off in the altcoin market, the Toncoin price has witnessed an aggressive correction since the beginning of September. However, the falling price quickly found strong support at the $1.6 mark, pouring in buying pressure from traders entering market dips.<\/span><\/p>\n

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Within the span of just two days, the coin managed to surge by a whopping 20%, effectively nullifying the impact of its recent downtrend. Currently oscillating at $1.9, the TON coin is gearing up to test the psychological resistance of $2. Should the coin successfully breach this barrier, the stage would be set for a continued upward trajectory, Initially targeting the $2.37 mark, followed by $2.64.<\/span><\/p>\n<\/blockquote>\n

SOL Price Analysis: Awaiting A Breakout Beyond The Falling Wedge<\/strong><\/h2>\n

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In response to Bitcoin price rebounding from $25,000 support, the Solana coin price<\/a> shows an uptick in the daily time frame chart. In the past two days, this price rose 2% and is currently trading at $18.06.<\/span><\/p>\n

Nevertheless, this increase is still under the shadow of a broader falling-wedge pattern<\/a> that has characterized SOL price movements for the past two months. This technical pattern often points towards a potential upward breakout from the upper trendline, offering potential investors an entry opportunity.<\/span><\/p>\n

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Should this breakout materialize, the immediate target for Solana is pegged at $22.21, followed by $25.40.<\/span><\/p>\n<\/p><\/div>\n

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