140%, 90%, 100%: Triple-Digit Growth on Bitcoin, Ethereum and Solana
Analysis
Price Impact
HighTriple-digit growth in 24-hour trading volumes for bitcoin, ethereum, and solana indicates a significant resurgence of investor enthusiasm and potential acceleration of the ongoing crypto rally.
Trustworthiness
HighThe analysis is based on specific data points regarding trading volumes and price movements (e.g., ema crosses), reported by u.today, a reputable crypto news source.
Price Direction
BullishThe significant increase in trading volumes, coupled with price recoveries and breaks above key moving averages (btc above 50/100-day emas, eth above 200-day ema, sol above 100-day ema), suggests strong buying pressure and potential for further price appreciation towards $120,000 for btc, $4,500 for eth, and $220+ for sol.
Time Effect
ShortThe surge in 24-hour trading volumes and immediate price movements indicates an immediate market reaction, suggesting potential for continued short-term upward momentum towards the specified resistance levels.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Top-tier surge Ethereum momentum spikes Advertisement Over the course of the last day, trading volumes on Bitcoin , Ethereum and Solana have surged into triple digits, indicating a potential acceleration of the ongoing rally and renewed investor enthusiasm. This has caused the cryptocurrency market to explode back into life. Top-tier surge Data indicates that one of the busiest trading days in recent months was marked by a +141% increase in the 24-hour trading volume of BTC, a +107% increase in ETH and a +97% increase in SOL. Currently trading close to $115,400 up about 2% for the day, Bitcoin continues to lead the movement. The price is currently above the 50-day and 100-day EMAs, indicating that buyers are taking back control of the market . Source: Coinglass The asset has successfully recovered its short-term moving averages. This spike in activity implies that both retail and institutional traders are intervening, probably expecting a further push toward the resistance level between $118,000 and $120,000. After that, Ethereum saw a more notable increase, going up 4.5% to $4,168. The end of a brief downward trend has been indicated by the second-largest cryptocurrency's recovery from the $3,900 support area and its subsequent break above its 200-day EMA. HOT Stories BREAKING: Strategy Snaps Up $43 Million Worth of Bitcoin Morning Crypto Report: XRP Scores Legal Win in India, Mt. Gox Delays Bitcoin Payouts, China Warns of Crypto Risks Scaramucci’s New Crypto-Related Project Is Coming XRP Reversal Sends Price Towards $1, DOGE Treasury to Go Public, Bitcoin Beats Gold, Binance’s CZ Pardoned — Top Weekly Crypto News Ethereum momentum spikes The spike in ETH volume points to a flood of momentum as traders hoping to profit from the possible run toward $4,300-$4,400, where significant resistance is expected to be found. Keeping solid technical support above its 100-day EMA, Solana also joined the rally, rising almost 3% to $200. SOL 's steady recovery from the $180 range demonstrates that investors and developers are still drawn to the network's ecosystem, which was previously severely impacted by volatility. Advertisement These simultaneous increases in volume and price raise the possibility that the market as a whole is about to enter a new phase of expansion. The next leg may see Bitcoin test $120,000, Ethereum target $4.5K and Solana aim for $220+ if momentum continues. Currently, triple-digit volume growth in the most popular assets demonstrates that confidence and liquidity have returned to cryptocurrencies. #Ethereum #Solana #Bitcoin