Market Trends Indicate Growth Potential for Solana, Shiba Coin, and PEPE Coin
Release: 2024/12/25 03:49 Reading: 645
Market Trends Point to Growth Prospects for Solana, Shiba Coin, and PEPE Coin
While Bitcoin (BTC) inches towards new daily highs, traders remain cautious ahead of the daily close. Altcoins are showing signs of recovery, and BTC may potentially surge past $108,000 before year-end. Optimism and pessimism coexist amidst market volatility. Here are the latest insights on Solana (SOL), Shiba Coin, and PEPE Coin.
Solana (SOL)
SOL's total locked value (TVL) has surpassed $8.51 billion. Despite the FTX collapse, TVL has recovered from a low of $250 million and reached a new peak of $9.44 billion. This indicates a resurgence of liquidity and investor confidence.
SOL Coin has shown resilience since dipping below $9. At the time of writing, it is targeting $200. After testing support at $178, SOL Coin is on an uptrend.
It is anticipated to break above $210 and establish $224 as support, a previously identified resistance level. Subsequent targets include $246, $260, and an all-time high (ATH) above $300.
If the meme coin frenzy resumes on the Solana network and new capital inflows occur, SOL Coin's growth could accelerate.
Shiba Coin and PEPE Coin
A rise in Ethereum's (ETH) price will positively impact PEPE Coin, the largest meme coin on its network. After testing $0.00001449, PEPE Coin has targeted resistance levels.
With continued closures above $0.0000189, it could set its sights on $0.00002288 to $0.00002694. A sustained rally in ETH's price would support this upward movement.
Shiba Coin, the second-largest meme coin, has gained 6% in the previous day. Despite the emergence of alternative meme coins, Shiba Coin remains relevant due to its ecosystem development efforts.
After confirming support at $0.00002087, Shiba Coin's target is $0.00002528. If momentum persists, it could encounter resistance at $0.00002943.
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