Solana (SOL) worth hovers above $131 on the time of writing on Monday, nearing the higher boundary of a falling wedge sample, awaiting a decisive breakout. On the institutional aspect, demand for spot Solana Change-Traded Funds (ETFs) remained agency, pushing complete belongings beneath administration (AUM) to almost $1 billion since launch. Furthermore, the technical outlook suggests a possible upside breakout, with bulls aiming for ranges above $160.
Bitcoin price was rejected from the descending trendline (drawn by connecting a number of highs since early October) final week. This trendline coincides with the 61.8% Fibonacci retracement degree at $94,253 (drawn from the April low of $74,508 to the all-time excessive of $126,199 set in October), making it a key resistance zone. As of Monday, BTC hovers round $89,000. If BTC continues its pullback, it might prolong the decline towards the following key assist at $85,569, which aligns with the 78.6% Fibonacci retracement degree.
Dash edges larger by 2% at press time on Monday, holding close to its 200-day Exponential Transferring Common (EMA) at $41.58. The intraday restoration marks an uptick after three consecutive days of losses, reflecting demand on the shifting common. If DASH slips beneath $40.00, it might threaten the October 17 low of $38.72, risking a steeper correction to the October 8 low at $28.46.
