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Cryptocurrencies Price Prediction: Solana, Bitcoin & more – American Wrap 20 April

Cryptocurrencies Price Prediction: Solana, Bitcoin & more – American Wrap 20 April
FXStreet TeamFXStreet TeamFXStreet

Three oversold cryptos that could double your portfolio

A brief technical and on-chain analysis on a few cryptos. Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

Bitcoin bulls try to make a comeback as BTC price threatens to drop to $36,000

Bitcoin price is disappointing bullish traders as the price has completely breached the support level at 40,000 over the weekend. The BTC price is currently trading at 39,600. The price level could entice early buyers to get involved. However, there are more bearish signals to be aware of.

Solana bulls reclaim $100 but SOL price could still be in jeopardy

Solana price shows bearish signals as the price is currently trading at $101. Solana price breached the lower end of the consolidative triangle trend line during the trading session, sending the SOL price to $95. Since the low, a counter-trend rally has occurred, but the candlesticks do not suggest a full-out capitulation from the bears. Thus traders should be very cautious; there is a bullish effort, but the final low may not be in just yet.

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FXStreet Team

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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