While Brent oil exceeds 92 dollars, there are those who aim for 150 dollars within 2 weeks. This means that regional tension will rapidly push the oil price up. The oil rise, which will revive global inflationary pressure, will force central banks to make interest rate decisions. Well at the end of this week XRP, LEFT and how many dollars should be targeted for AVAX?
Solana (LEFT)
Solana, one of the largest smart contract platforms, is at the top of the RWA field, right after Ethereum. Judging by the demand in the ETP and ETF channel, institutional institutions see the price below $100 as an opportunity. However, for the spot price to rise, the $88 base must be maintained. For now, SOL Coin has also lost its key support as BTC has fallen below $68,000.
SOL Coin, which reached levels it had not seen in 770 days with the decline in early February, has not yet exceeded the $97 threshold. This level kept us very busy in 2023 and after breaking above it SOL Coin We saw that it progressed to the ATH level.
In the scenario where the general market sentiment is supportive in the short term, the goal will be to leave this region behind and gain the $123 base for new highs. However, in a scenario where the decline accelerates, the range of $77 and $74 is an important support point that must be protected. The loss of the region, which remained a strong support for a long time, may open the door to the range of 58 and 45 dollars.
XRP and AVAX
With Gensler’s announcement that he will leave office at the end of 2024 XRP Coin It started a very comfortable rally. Many investors took advantage of this and gained nearly 300%. However, the sales in altcoins since July last year have resulted in consistent lower peaks on the XRP Coin chart. Continued closes below descending resistance eventually pushed the price to the $1 base.
The key zone for the rise is $1.43 in this range, and if it can be won at the end of the week, attempts to reach $1.67 are possible. However, the situation of BTC and possible negative surprise steps taken by Iran or the USA over the weekend may create wicks extending to $ 1.25.
In the medium and long term, the $1.43 band that we talked about throughout 2023 and where the 2024 rise will gain momentum will be important.
If you have to deal with double-digit token inflation while liquidity dries up in altcoins, you end up with a chart like the one above. The Avalanche ecosystem could not grow to the desired extent and even SOL Coin was melting down. of AVAX His chances were much less. As a matter of fact, we experienced the journey to the 2023 lows within weeks. $8.62 is an area where daily closings should not be made below AVAX, and weekend negativity could lead to a test of this level. However, the daily and weekly close will now open the door to deeper bottoms extending to $6. The bullish base here is $12.41. If the market sentiment improves for a while, this will be the first area to be tested and the trend change will start from here.
