• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

Top Ethereum Rival Could Plunge by Over 40% if Support Level Fails, According to Veteran Trader Peter Brandt

n70products by n70products
September 20, 2024
in Altcoin
0
Top Ethereum Rival Could Plunge by Over 40% if Support Level Fails, According to Veteran Trader Peter Brandt
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Seasoned dealer Peter Brandt is warning that Ethereum’s (ETH) greatest competitor is liable to a big correction.

Brandt tells his 738,400 followers on the social media platform X that Solana (SOL) may lose a key stage of help on the decrease sure of a buying and selling vary, sending it plummeting greater than 43% from its present worth.

“Commentary about SOL. In an space of help. If help [around $129] offers means, then giant rectangle will full and level towards $80 and alter.”

Image
Supply: Peter Brandt/X

Nevertheless, pseudonymous crypto dealer Inmortal tells his 216,000 followers on the social media platform X that Solana could also be gearing up for an enormous breakout.

“Solano go brrrrr.”

Image
Supply: Inmortal/X

his chart, the dealer means that Solana may escape from beneath a descending resistance line, consolidate after which rip to round $350 by the summer season of 2025.

Solana is buying and selling for $142 at time of writing, up practically 8% within the final 24 hours.

Brandt additionally just lately outlined a possible state of affairs for Bitcoin that might finish in recent all-time highs.

He instructed that Bitcoin could also be forming an enormous cup-and-handle sample that spans all the way in which again to late 2020.

“Would possibly we declare Tea and Crumpets on this chart?”

Image
Supply: Peter Brandt/X

A cup-and-handle formation is usually seen as a bullish continuation sample, suggesting that an asset is taking a breather after a steep rally earlier than taking out a key resistance stage.

Bitcoin is buying and selling for $63,029 at time of writing, up practically 3% within the final 24 hours.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Verify Price Action

Observe us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/optimarc





Source link

Tags: BrandtEthereumFailsLevelPeterPlungeRivalSupportTopTraderVeteran
Previous Post

Crypto Analyst Predicts Dogecoin Will Outperform Bitcoin In 2025, Here’s Why

Next Post

Is This The End For Ethereum Or A Generational Opportunity?

Next Post
Is This The End For Ethereum Or A Generational Opportunity?

Is This The End For Ethereum Or A Generational Opportunity?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Ethereum price analysis: Strong outflows, MACD hint at a move to…

Ethereum price analysis: Strong outflows, MACD hint at a move to…

October 30, 2024
Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui

Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui

October 25, 2024
Bitcoin closes in on $113K, but is a short-term cooldown coming up next?

Bitcoin closes in on $113K, but is a short-term cooldown coming up next?

May 28, 2025

Recents

Why MSTR’s 133K Bitcoin bet in 2025 is far from over!

Why MSTR’s 133K Bitcoin bet in 2025 is far from over!

June 1, 2025
Man Drains $3,490,000 From US Government, Several Companies in Bank Fraud Scheme: DOJ

Man Drains $3,490,000 From US Government, Several Companies in Bank Fraud Scheme: DOJ

June 1, 2025
Sharplink’s $1B Ethereum bet: How it can change the game for ETH

Sharplink’s $1B Ethereum bet: How it can change the game for ETH

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version