Cryptocurrencies Price Prediction: Fantom, Solana & Bitcoin – European Wrap 29 October
Fantom looks set for double-digit gains following retest of key support level
Fantom (FTM) extends its gains for a fourth consecutive day on Tuesday after finding support at around $0.577 on Friday. The token’s technical outlook suggests double-digit gains are on the horizon, bolstered by a rising long-to-short ratio that reached its highest level in October.
Solana Price Forecast: SOL hits three-month high above $180 after four-day rally
Solana (SOL) price climbs for the fourth consecutive day on Tuesday to an almost three-month high above $180. Active addresses on the Solana network are increasing sharply on a monthly basis, suggesting rising demand for the chain among traders and further supporting the optimistic price outlook for its native token.
Bitcoin’s bullish breakout
The crypto market cap rose by 4.7% to $2.4 trillion in the last 24 hours, supported by a surge in top coins. These are the market’s highest levels since late July. Back then, the market stalled around these levels and soon turned lower. This time, the trend is more bullish, as the market has been in an uptrend since early September.
Author
FXStreet Team
FXStreet
