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Cryptocurrencies Price Prediction: Solana, Bitcoin & Cryptos – American Wrap 12 November

Cryptocurrencies Price Prediction: Solana, Bitcoin & Cryptos – American Wrap 12 November
FXStreet TeamFXStreet TeamFXStreet

SOL Price Forecast: Solana bulls maintain $250 target as Binance lists ACT and PNUT

Solana price retraced 7% from $225 to $205 on Tuesday, halting a seven-day winning streak that saw SOL become the third-largest cryptocurrency by market capitalization. 
Why the sudden surge in demand for Bitcoin and many other major Digital Currencies?
Chart
Bitcoin (BTC) hit a new all-time high (ATH) of $89,900 on Tuesday before easing to around $86,000, following a 30% surge since November 5. Technical indicators suggest the rally may be overstretched, with a potential corrective pullback ahead. On-chain data also supports this outlook, as some holders take profits and leverage reaches a yearly high, signaling a possible price correction for Bitcoin.
Bitcoin transactions and funding chart. Source: Santiment
 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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