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Original U.Today article
Denys Serhiichuk
Which altcoins can bounce back by end of week?
Cover image via U.Today
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Most of the cryptocurrencies are facing a correction today, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has declined by 1.14% over the last 24 hours.
The price of SOL has failed to fix above the $160 zone. If the daily bar closes near the $154 mark and with no long wick, the fall may lead to a test of the $150 range within the next few days.
SOL is trading at $154.8 at press time.
TON/USD
Toncoin (TON) is not an exception to the rule, falling by 0.87%.
On the daily time frame, the rate of TON is far from the support and resistance levels.
But if bears' pressure continues and the bar closes near $5.70, traders may witness an ongoing drop to the $5.50-$5.60 area,
TON is trading at $5.792 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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