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Reading: XRP Coin, Solana (SOL) and AVAX October 24 Chart Commentary
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EdaFace Newsfeed > Latest News > Technical Analysis > XRP Coin, Solana (SOL) and AVAX October 24 Chart Commentary
Technical Analysis

XRP Coin, Solana (SOL) and AVAX October 24 Chart Commentary

vitalclick
Last updated: October 24, 2024 10:14 pm
5 months ago
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Contents
How Many Dollars is Rippe (XRP)?How Many Dollars is Solana (SOL)?Avalanche (AVAX)

Bitcoin $66,872 It is stalling at $67,770 and altcoins are back in the green. So what are the current predictions for XRP, SOL and AVAX? This week has been active for BTC, but the reversal of its price, which has avoided a deeper bottom, has increased hopes that the boring movements that have been going on for the last 2 quarters may come to an end.

How Many Dollars is Rippe (XRP)?

SEC initiated the appeal process and within 14 days Ripple $0.528099 The party will forward the answer expected from them to the second chamber. The critical point here is the arguments with which the SEC will claim that Judge Torres made a mistaken decision. The Ripple side seems confident in the appeal process, and if the decision is sent back to Torres from the second chamber, he has signaled that he will conduct a very detailed review. This could jeopardize the SEC’s partial victory.

After the recent drop to the $0.512 level, XRP Coin has bounced back. Long needles tell us that markets expect more in the short term. Both the upcoming US elections and the Fed’s interest rate cut in November support risk markets.

The point that needs to be taken back is $0.580, and when this parallel channel support is taken back, we can talk about a return to the upward trajectory.

How Many Dollars is Solana (SOL)?

We mentioned that those who evaluated new low levels during the last decline could make gains again. As expected, the $175 level was exceeded. SOL Coin It has the ability to react quickly to BTC returns, as it has a high potential to see rapid revival in its ecosystem with the improvement in general market sentiment. Network activity and community power are important advantages here.

For the continuation of the rise, $175 must be protected and we must see closes above $188. Beyond that, the $210 level will be targeted. Afterwards, it’s the new ATH journey. In the opposite scenario, the $138-120 range may become reality as BTC makes lower bottoms.

Avalanche (AVAX)

Centralization concerns, Ava Labs Crypto Leaks allegations and other issues are suppressing the AVAX price for now. Most decentralized networks aren’t actually that decentralized at all. Avalanche $27 Problem for video footage of former employees revealing this. Is the SEC involved in the process? It’s hard to predict this.

AVAX It was at $26.79 and could not close above $29 in October. If the weakness continues, we may see closes below $24.34.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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