All seems to be going well for Ethereum, Solana and Binance Coin; Altcoin Rally Soon?

Jason Pizzino recently detailed that the market is in an invisible zone, showing signs of a significant bottom. During these hidden periods, he said fear increases and market interest decreases, leading to smaller range levels after initial warnings. Despite possible future concerns, key levels such as the 50% mark are holding, with the lows remaining slightly higher. This suggests that the market may be ready for a major move higher. Jason added it the market looks set to gradually recover in the coming months. He examined the best coins delving into the technical aspects.

He noted that altcoins like ETH/USD are showing relative strength, remaining above key 50% levels. Ethereum, for example, held its position above the 50% mark of its range, established during the May low, coinciding with Bitcoin’s spike following the excitement over the ETF news. Recent news, such as the SEC’s dismissal of cases, has also contributed to this The price of Ethereum stability, despite the broader market decline.

Although most of the market has suffered significant declines in recent days, Ethereum has managed to maintain its position. If Ethereum fell to around $3,400, it would look to $3,200 as a safe level, but if it fell below $2,829, it could signal that the ETF news is not as positive as it seems.

Solana is in a similar position, remaining above the 50% mark of the entire bear market range. It is currently above $138, with downside support around $109. This positioning suggests a bullish structure, with Solana making higher lows, maintaining strength within its cycle. Previous Solana corrections ranged from 37% to 52%, indicating that a correction of up to 50% would be consistent with past patterns.

Binance Coin made a premature move higher, and if it were to fall from around $540, it may have been a fake. If this breakout occurs, a retest of the $420 to $520 zone could occur. Currently, despite having reached new all-time highs, it is crucial for BNB maintain its price levels to confirm its bullish momentum.

Read also: Bitcoin, Ethereum and XRP Price Prediction: Is the Bull Rally Over?

Source