• Altcoin’s price respected the 4-month range formation once again
• A short-term price dip can be anticipated

Solana [SOL] made a bullish structure break on the daily chart. The resurgence of Bitcoin [BTC] over the past week gave Solana bulls hope, but the technical indicators were not on board with this idea.

In the first week of September, SOL dropped by 13.13% from its highest point of $138.13 to $120 on Friday, 6 September. Since then, it has bounced by close to 15%, recovering all the losses made over the previous week.

Mid-range resistance as the take-profit target

Source: SOL/USDT on TradingView

The range formation (purple) extended from $122 to $187, with the mid-range level at $154.33. The recent revisit to the range lows was the fourth occurrence since June.

The bullish market structure was accompanied by greater buying volume, as seen on the OBV which broke above the previous week’s highs. The RSI was also on the verge of moving above neutral 50. Together, there were encouraging signs that SOL may be poised for a sizeable rally.

The mid-range level at $154 is the next target, and even this could be ambitious since Bitcoin might falter around the $61k-$62k resistance zone. A BTC rejection would drag the altcoin market down, and SOL with it.

Get ready to buy the next dip

Source: Hyblock

The liquidity pocket at $138-$140 was swept during the most recent price move upwards. The $142 and $150 levels are the next liquidity targets, but Solana might not advance directly to these targets. Instead, a short-term dip appeared likely.

Source: Hyblock

This was because the liquidation levels were skewed bullishly in the short term. At press time, the cumulative liq levels delta was highly positive, showing a large imbalance toward long positions. This usually results in a price squeeze in the opposite direction to collect liquidity.

Read Solana’s [SOL] Price Prediction 2024-25

AMBCrypto also found that the $133 and $135 levels were the short-term targets based on the liquidation levels chart. A retest of this zone could present a buying opportunity, but buyers would have to wait for lower timeframe signs of a bounce.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Solana (SOL), the world’s fifth-biggest cryptocurrency by market cap, is poised for a massive price surge in the coming days following its major breakout. After struggling for nearly two weeks near the strong resistance level of $138, SOL has broken through this level today with a strong bullish candle on the daily time frame. Here’s the latest Solana price prediction.

Solana (SOL) Price Prediction For September 14

According to the expert technical analysis, SOL appears bullish despite trading below the 200 Exponential Moving Average (EMA) on a daily time frame. In trading or investing, the 200 EMA is a technical indicator that suggests whether an asset is in an uptrend or downtrend. 

Based on the historical price momentum, if SOL closes a daily candle above the $138 level, there is a strong possibility that it could soar by 20% to the $163 level and further to the $185 level if the bullish sentiment continues.

SOL’s Bullish On-chain Metrics

SOL’s bullish outlook is further supported by on-chain metrics such as long/short ratio, future open interest, and OI-weighted funding rate.

Coinglass’s long/short ratio for SOL currently stands at 1.0454, indicating traders’ bullish market sentiment. This on-chain metric helps traders and investors to identify the market sentiment. At press time, 51.11% of top traders hold long positions in SOL, while 48.89% hold short positions. 

Meanwhile, SOL’s future open interest has increased by 4.5% in the last 24 hours and has been steadily rising. This indicates that traders are betting more on long positions rather than short positions. Traders and investors often consider rising open interest and a long/short ratio above 1, while building long or short positions.

Additionally, SOL’s OI-weighted funding rate currently stands at +0.0024%, indicating a bullish outlook for Solana.

Current Price Momentum 

At press time, SOL is trading near $139 and has experienced and has experienced a price surge of over 2.75% in the last 24 hours. Meanwhile, its trading volume has by 2.5% during the same period. This rising trading volume suggests higher participation from traders and investors following the recent breakout of a crucial resistance level.

This bullish thesis will only hold if SOL closes its daily candle above the resistance level, otherwise, it may fail.

Also Check Out: September 2024 Fed Rate Cut Analysis: Will the Fed Surprise Markets with a Bold Move?

As the crypto market recovers, investors turn their attention to altcoins such as XRP and Stellar (XLM). Analysts are revising their predictions for these digital assets as Bitcoin’s recent price action suggests a potential bull run.

Recently, Bitcoin re-entered the $58,000 price range, after briefly dropping to $52,000 last week. This recovery has had a noticeable, though differing, impact on XRP and XLM. While XLM reached a new weekly high, XRP’s movement was relatively subdued by comparison.

Nonetheless, the overall positive market sentiment has led to more ambitious projections for XRP and XLM. A prominent figure in the crypto community, “King Karan,” founder of AlphaHuskyClub, has offered a fresh set of predictions for various leading cryptocurrencies. He anticipates significant price increases for these assets during the 2024/2025 cycle.

Bitcoin and Ethereum Projections

In his analysis, Karan projects Bitcoin reaching $120,000, marking a substantial increase from its current price of approximately $56,728. This forecast would require the digital asset to rise by 111.5% from its current level.

Although the token recently faced fluctuations, many market analysts agree that its upward trend remains intact, supported by institutional interest and the broader adoption of cryptocurrencies.

Ethereum, the second-largest cryptocurrency by market capitalization, is also expected to see considerable gains. Karan’s bullish outlook places Ethereum at $10,000, representing a 327.9% increase from its current price of $2,337.

Ethereum has been a key player in the cryptocurrency space, driven by developments in decentralized finance (DeFi) and the continued growth of the Ethereum network.

XRP and XLM Forecasts: Ambitious Targets

In addition to his Bitcoin and Ethereum predictions, Karan has shared particularly optimistic forecasts for XRP and XLM. His outlook for XRP targets a price of $15, representing a potential growth of 2,771% from its current market value of $0.5335. This prediction is seen as ambitious, especially given that the digital asset has not experienced such dramatic price increases in the past six years.

However, recent developments in the XRP ecosystem, particularly the conclusion of its legal battle with the U.S. Securities and Exchange Commission (SEC), have fueled optimism among investors. Many now believe that the token is poised for a significant breakout, unhindered by regulatory concerns that have previously weighed on its performance.

Karan’s forecast for Stellar (XLM) is even more aggressive, projecting a price of $5 for the asset. Given XLM’s current value of $0.09268, this prediction suggests a potential increase of 5,294%. Stellar has shown the ability to experience rapid price appreciation in the past. For example, during the 2021 bull market, XLM surged from $0.036 in March 2020 to over $0.64 in May 2021, reflecting a 17-fold increase in value.

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A Bullish Market Outlook

Karan’s predictions reflect the broader bullish sentiment that has returned to the cryptocurrency market. Bitcoin’s recovery has sparked renewed interest in altcoins, with XRP and XLM being the primary beneficiaries. Many investors hope these assets will follow Bitcoin’s lead, potentially delivering substantial returns over the next few years.

Despite the inherent volatility of the cryptocurrency market, Karan’s analysis highlights the potential for significant growth in the space. His optimistic projections are based on the assumption that Bitcoin continues to rise toward the $120,000 mark. Should the token reach this level, the rest of the market, including XRP and XLM, is expected to experience similar upward momentum.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Crypto analyst Dan Gambardello has highlighted the Cardano (ADA) roadmap to a new all-time high (ATH). The analyst also suggested that Cardano was halfway to reaching a new high, noting what part of its cycle the coin was currently at.  

Cardano Is In Stage 3 Of Its Cycle

Gambardello remarked in an X (formerly Twitter) post that Cardano is in stage three of its cycle. He claimed that this part of the cycle for ADA is the “Told you. You should’ve listened” stage. This refers to the point where investors begin to capitulate, thinking that the crypto is unlikely to surge in the bull market given its bearish price action. 

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Once this stage is done, Cardano is expected to move to the next stage of its cycle, which Gambardello called the “Here we go again, another bull trap” stage. This stage will help shake out the short-term traders who jumped on ADA, believing its price would rise soon enough. Once the non-believers have been shaken out, the analyst predicts that Cardano will move to the last part of its cycle, when it will shatter its ATH and reach new highs. 

In his accompanying chart, Gambardello predicted that Cardano would rise to as high as $15 by year-end 2025. The analyst also indicated that ADA will enjoy a price surge beyond 2025, expected to mark the end of this cycle’s bull run. Interestingly, he forecasts that Cardano’s price will double in a year and rise to $31 by year-end 2026. 

A rise to $31 means that Cardano will have a market cap of $1 trillion. For context, the crypto market currently has a market cap of $2 trillion, meaning that figure is set to increase exponentially if ADA alone becomes valued at $1 trillion. The analyst didn’t provide any reason for believing the crypto can experience such massive growth in two years. 

A More Conservative Price Prediction

Crypto analyst InvestingHaven has offered a more conservative price prediction for Cardano. In an X post, the analyst stated that the crypto will reach a “super bullish target of $1.95” in 2025. He also questioned whether ADA was ready for a breakout, claiming that the $0.443 Fibonacci level was the key to unlocking higher prices. 

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InvestingHaven added that the 2025 outlook for Cardano is full of potential, reaffirming that this is when the crypto will enjoy a parabolic rally. ADA has had a rough 2024 despite bullish developments like the Chang Hard Fork, which ushered in a decentralized governance system for the Cardano network. It is one of the worst-performing crypto assets this year, with a year-to-date (YTD) loss of over 40%. 

At the time if writing, Cardano is trading at around $0.35, down almost 2% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com

• XRP price could drop to $0.33 before October 6th, 2024, then potentially surge to $8.80 by summer 2025.
• The looming SEC appeal is expected to be the catalyst for XRP’s dramatic price movement.

According to an analysis by AnalysisParalysis on TradingView, XRP is expected to experience tremendous growth in the near future. The analyst expects that the United States Securities and Exchange Commission (SEC) would appeal the Ripple lawsuit ruling before October 6th, 2024.

SEC Appeal and Grayscale XRP Trust Foreshadow Major Price Movements 

This appeal is predicted to act as a big trigger for XRP, leading the cryptocurrency to fall before launching a massive upward surge.

According to AnalysisParalysis suggested timeline, XRP could drop as low as $0.33 in early October 2024 before experiencing a significant price increase that could see it reach $8.80 by the summer of 2025.

As we previously reported, the recent statement from Grayscale on the launch of the first US-based XRP Trust appears to validate this forecast.

While the Grayscale XRP Trust was designed to increase institutional interest in XRP’s unique cross-border payment capabilities, the analyst feels the release may be a last-ditch effort to boost XRP’s price before the expected drop.

The lackluster market reaction to this revelation, despite its positive connotations, is interpreted as further indication that a price drop is imminent.

Grayscale’s XRP Trust seeks to provide institutional investors with exposure to XRP, perhaps bringing XRP into the spotlight for mainstream financial institutions. The trust could also be turned into an exchange-traded fund (ETF), pending SEC clearance.

This conversion would strengthen XRP’s position in the broader financial markets, indicating a possible shift toward mainstream usage. However, this SEC approval is dubious, particularly given the regulator’s complex legal struggle with Ripple.

As of this writing, XRP is trading at around $0.5673, up more than 4% over the last 24 hours. This latest jump has increased its market cap almost to $32 billion, emphasizing the asset’s volatility while also being highly dynamic.

While some traders might view the current upward trend as optimistic, many in the XRP community are closely monitoring the possibility of a crash and a quick rebound. The market looks to be bracing for turmoil, with traders anticipating both short-term losses and possibly long-term gains.

Despite being a pioneering achievement, the Grayscale XRP Trust has not received the overwhelming positive reception that some had hoped for.

The market’s subdued reaction could be attributed to a broader expectation of regulatory uncertainty and an impending SEC appeal. The XRP market appears to be treading a tight line, torn between enthusiasm over institutional use and anxiety about upcoming regulatory events that could influence its future.

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Dogecoin’s (DOGE) price has remained muted despite an increase in coin accumulation, as shown by its rising Money Flow Index (MFI).

The leading meme coin continues to trade within a horizontal channel, indicating that the buying pressure may not yet be strong enough to trigger a breakout.

Dogecoin Demand Needs More Momentum

DOGE’s MFI, which measures the flow of money into and out of the asset, has been in an uptrend over the past few days. Generally, a rising MFI signals a spike in the demand for an asset.

However, DOGE’s sideways movement over the past few weeks suggests that this demand has not been strong. This makes the rally past the upper line of the horizontal channel, which forms resistance at $0.11, challenging.

Falling whale activity supports this outlook. On-chain data reveals a gradual drop in the daily count of whale transactions valued above $100,000 and $1 million.

Moreover, DOGE’s large holders’ netflow has plummeted by over 112% over the past month, signaling a high volume of coin distribution among investors that hold at least 0.1% of the coin’s circulating supply. 

Read more: How To Buy Dogecoin (DOGE) and Everything You Need To Know

DOGE Price Prediction: A 14% Price Decline Is Possible

With low whale activity, DOGE’s attempt to rally past the resistance level may be hard. A failed test of this level will cause the meme coin’s price to trend toward support at $0.10.

If the bulls fail to defend this critical level, the downtrend will continue, and DOGE’s value may plunge by an additional 14% to trade at its August 5 low of $0.08.

Read more: 10 Best Altcoin Exchanges In 2024

However, if demand strengthens, the coin will successfully rally past resistance and target the three-month price high of $0.15. 

The Solana price prediction is slightly bullish as the market prepares to push the coin above the 21-day moving average.

Solana Prediction Statistics Data:

• Solana price now – $138.62
• Solana market cap – $65.2 billion
• Solana circulating supply – 468.1 million
• Solana total supply – 584.4 million
• Solana Coinmarketcap ranking – #5

When it comes to crypto projects, getting involved early can lead to substantial rewards, and Solana (SOL) is a great example. Since its all-time low of just $0.5052 on May 11, 2020, it has skyrocketed by an impressive 27,479.65%. This meteoric rise shows the massive potential of early adoption in the crypto space. Even though it’s currently trading between $131.86 and $139.46, its all-time high of $260.06, reached on November 6, 2021, highlights the incredible journey this token has undergone. Staying informed about such price movements can be key to timing the market effectively.

SOL/USD Market

Key Levels:

Resistance levels: $170, $180, $190

Support levels: $100, $90, $80

SOL/USD currently exhibits mixed market performance, with some positive fundamentals offset by areas of weakness. While daily active addresses and transactions are showing strength, important metrics such as decentralized exchange (DEX) trading volumes and total value locked (TVL) remain weak. This lack of strong fundamental growth is also evident in the price action, as Solana struggles to match Bitcoin’s recent bullish momentum.

Solana Price Prediction: SOL/USD May Cross Above $139

The Solana price is likely to head toward the upper boundary of the channel as the coin begins a slight increase above the opening of today’s trading at $136.16. However, the key support for Solana has been established around the $131 level, a historically strong area, reinforced by a recent liquidation spike that often signals a market bottom. The price has since rebounded to $131, maintaining its support despite bearish sentiment. Holding this level is essential for further bullish developments.

Moreover, on the resistance side, Solana is facing a critical level at $139. Breaking above this resistance could trigger a move toward $140 – $145. A sustained rally past this point could open up higher targets, such as $150 and $160, but this would require a solid push of momentum. Therefore, should in case the price breaks above the $165 level, the resistance levels of $170, $180, and $190 could be reached. Meanwhile, any bearish slide below the lower boundary of the channel may hit the supports at $100, $90, and $80 while the 9-day MA may cross above the 21-day MA.

SOL/BTC Could Face the South

Against Bitcoin, the Solana price is currently changing hands at 2295 SAT below the 9-day and 21-day moving averages. However, if the coin crosses above this barrier, the Solana price could face additional resistance toward the upper boundary of the channel to hit the resistance level of 2700 SAT and above.

In the meantime, if the bears bring the price below the lower boundary of the channel, the market may begin a downtrend and a further bearish move could touch the support level of 2000 SAT and below while the 9-day moving average remains below the 21-day moving average, suggesting bearish movement.

Meanwhile, @CryptoJelleNL, in a message to his 91k+ followers on X (formerly Twitter), pointed out that despite significant losses across the broader market, $SOL continues to maintain its position above the same support level it has held since April. He hinted that there seems to be strong support preventing the coin from dropping further.

While the rest of the market has lost a lot of ground, $SOL still holds above the same support level it has held since April this year.

Someone does not want this coin to go down. pic.twitter.com/kolINVbCv9

— Jelle (@CryptoJelleNL) September 9, 2024

Solana Alternatives

Solana’s price action is closely linked to Bitcoin’s performance, and while Bitcoin has been bullish, Solana has underperformed in comparison. Historically, Solana outperforms Bitcoin in strong market conditions, but there are no clear indications of this happening currently, with a stable and bullish Bitcoin likely needed for Solana to break higher. In contrast, Pepe Unchained is distinguishing itself with technological advancements, developing a Layer 2 blockchain for meme coins that offers faster transactions, lower fees, and instant bridging with Ethereum. Having raised over $13 million, Pepe Unchained is gaining attention in the meme coin space ahead of an anticipated bull market, with price predictions speculating a potential 100x increase.

Pepe Unchained Crosses Major Milestone As Demand Is Surging

Moreover, the token has raised over $13 million in its ongoing presale, offering a unique blend of speculative growth and real-world utility. With a fast-growing community and increasing market traction, it presents a valuable opportunity for investors aiming to take advantage of the next bull market. Seize the chance to invest early and position yourself for potential long-term gains.

Visit Pepe Unchained

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If XRP sees a 100,000% price growth, an individual who has invested $1,000 in XRP today stands to become a millionaire.

As of today, XRP trades at $0.5272, reflecting a 5.73% drop over the past week and a 9% decline over the last 30 days. A $1,000 investment would yield approximately 1,897 units of XRP at this price. 

While this may seem modest, investors stand to gain significantly if XRP reaches some of the bullish price growth predictions circulating among analysts. This article explores the potential returns on a $1,000 investment if XRP experiences price increases of 1,000%, 10,000%, or even 100,000%.

Returns on $1K Investment in XRP if XRP Rises 1,000%

At the current price of $0.5272, if XRP expands by 1,000%, its value will increase 11-fold to approximately $5.80. Accordingly, the original $1,000 XRP investment would be worth $11,001, with the investor netting a profit of $10,001.

Remarkably, numerous market watchers are convinced that XRP will reach $5.80 in this bull cycle. In a May analysis, EGRAG identified a triangular pattern on XRP’s chart and predicted two possible price targets. One was a breakout that could drive XRP’s price to $5.89.

Earlier, market analyst Dark Defender also projected that XRP could rise to $5.85 following a 20% surge in March. He believed that XRP had breached a key resistance level, paving the way for a potential rally to $5.89. However, this prediction has yet to materialize.

Returns on $1,000 Investment in XRP if XRP Rises 10,000% or 100,000%

While a 1,000% rally would be enough for XRP to surpass its 2018 all-time high, some analysts believe far greater growth is possible.

If XRP’s price increases by 10,000% from $0.5272, the token will trade at approximately $53.24. At this point, a $1,000 investment in XRP would be worth $101,009, netting a profit of over $100,009.

Likewise, should XRP expand by 100,000%, its price would attain $528. At this point, a $1,000 investment in XRP would have made the investor a millionaire with over $1 million in ROI.

Can XRP Rally 100,000%?

In July, wealth advisor Mickle predicted a 100,000% surge in XRP’s price, pointing to its historical pattern of underperformance followed by explosive growth. He noted that XRP surged by 75,000% in 2017 and believes a similar 1,000x gain could occur again.

However, in a more recent analysis, the analyst “CrediBULL” argued that a repeat of the historic 100,000% rally is unlikely. Meanwhile, he noted that although a smaller gain of 10,000% could still be substantial during this bull run.

On the other hand, analyst Michael XBT dismissed the idea of a 10,000% or higher price surge for XRP, calling it a “pipe dream.” He believes a 1,000% rally is more realistic, but even that might be a stretch. 

Critics supporting Michael’s view argue that such massive price rallies are unrealistic since XRP’s market cap would need to approach that of gold.

Solana (SOL) has been a powerhouse in the cryptocurrency world, often regarded as a leading competitor to Ethereum due to its fast transaction speeds and low fees. However, in recent news, the Solana ecosystem faces challenges as selling pressure looms due to developments involving the FTX/Alameda exchange. At the same time, investors are increasingly turning their attention to GoodEgg (GEGG), an emerging AI-based dating platform in the crypto space, as it positions itself to rival Solana (SOL) in 2024 and beyond.

Solana’s Selling Pressure: A Warning for Traders

Solana (SOL), currently trading at around $134.80, has recently faced potential selling pressure due to a large unstaking event linked to the now-bankrupt FTX exchange. A crypto wallet, associated with the bankrupt FTX and Alameda trading firm, redeemed over 177,693 SOL tokens from staking, amounting to $23.75 million. This raised concerns among traders that these tokens could soon be transferred to centralized exchanges, increasing the selling pressure on SOL.

The wallet still holds another 7.057 million SOL, worth a staggering $943 million. With this large amount of Solana (SOL) still unstaked, many traders are keeping a close eye on the market. If these tokens are sold, Solana could experience a significant drop in price as supply outweighs demand.

Solana Price Forecast: What’s Next?

Since reaching a high of $210.18 in March 2024, Solana (SOL) has been trading in a range between $110 and $210.18, currently fluctuating around $134. If the selling pressure from FTX-related wallets increases, SOL could break below the key support level of $125.61, representing a 6.71% decline from current prices. However, if Solana (SOL) manages to hold its ground and closes above the recent $138 high, it could surge towards the $160 price level, signaling a continuation of its long-term upward trend.

GoodEgg (GEGG): Poised to Take Over

While Solana (SOL) faces these market uncertainties, a new rival has emerged in the form of GoodEgg (GEGG), an AI-powered dating cryptocurrency that has quickly captured the attention of investors. With its play-to-date model, GoodEgg (GEGG) offers a unique approach to online dating, where users can interact on the platform and earn rewards through GEGG tokens.

GoodEgg (GEGG) has raised $250,000 in just 24 hours during its presale, showcasing immense potential for future growth. Investors looking for high-return opportunities are increasingly drawn to this innovative platform, which combines AI, blockchain technology, and social interaction.

Why GoodEgg (GEGG) Could Outperform Solana (SOL)

The growing attention on GoodEgg (GEGG) comes as investors seek to diversify their portfolios, especially given the uncertain future of Solana (SOL) due to the selling pressure from FTX/Alameda wallets. 

Here’s why GoodEgg (GEGG) could outperform Solana in the coming months:

1. Emerging Market Leader: GoodEgg (GEGG) is pioneering the intersection of AI and blockchain in the dating sector, offering an innovative use case for crypto that sets it apart from traditional DeFi platforms.
2. Strong Market Support: With $250,000 raised in just one day, GEGG is already attracting significant investor interest, making it a promising contender in the AI and blockchain space.
3. Unique Rewards System: The play-to-date model on GoodEgg (GEGG) incentivizes users with token rewards for engaging on the platform, driving user retention and token value.
4. Solana’s Challenges: The potential selling pressure on Solana (SOL) could lead to a decline in price, prompting investors to look for alternative investment opportunities like GoodEgg (GEGG), which offers higher growth potential with less market exposure.

The Future of Solana (SOL) and GoodEgg (GEGG)

Both Solana (SOL) and GoodEgg (GEGG) represent unique opportunities in the cryptocurrency market, each with its distinct advantages. While Solana continues to expand its ecosystem, particularly with Solana Pay and its blockchain solutions, the selling pressure from large SOL holders could negatively impact its short-term price trajectory.

In contrast, GoodEgg (GEGG) is in its early stages of growth, providing a fresh investment opportunity with significant upside potential. As Solana (SOL) navigates its market challenges, GoodEgg (GEGG) stands poised to capture the attention of investors looking for the next big opportunity in AI and cryptocurrency.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

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