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Crypto Daily 2025-02-04 17:30:38

Solana’s Post-Dip Comeback: Could a Huge March Surge Be on the Horizon For SOL & ETH?

Solana’s Post-Dip Comeback: Could a Huge March Surge Be on the Horizon For SOL & ETH?

After a recent downturn, Solana's SOL token appears poised for a strong rebound. Market analysts suggest that both SOL and Ethereum's ETH could experience significant growth in the coming months. Increased network activity and rising investor interest are contributing to optimism about a potential surge for these cryptocurrencies. According to NOW Wallet, the volume of transactions for SOL and ETH has grown, indicating that investors have entered the accumulation stage. Solana's Price Targets $265 Resistance as Bulls Take Charge Solana is showing signs of bullish momentum, with its relative strength index above 60 and a positive MACD level. Despite a dip of nearly 8% in the past week, the cryptocurrency remains up by almost 50% over the last six months. The current price ranges between $182 and $234, approaching the nearest resistance at $265. If the upward trend continues, Solana could reach the next resistance level at $318, which would be an increase of about 30% from its current price. Transaction volumes have notably increased, according to NOW Wallet, an all-in-one app for securely managing cryptocurrencies like Solana without custody or hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet Ethereum Eyes Resistance at $3705 as Bulls Gain Momentum Ethereum's price currently ranges between $2600 and $3300, reflecting recent market volatility. Over the past week, ETH has decreased by 12%, and over the past month, it has dropped by 24%. However, the 6-month price change shows an increase of 19%, indicating long-term growth potential. The Relative Strength Index stands at 52.72, suggesting neutral market sentiment. With the MACD level positive at 8.08 and the Stochastic at 68.66, bullish momentum may be building. If Ethereum breaks through the nearest resistance level at $3705, it could target the second resistance at $4390, a potential increase of over 30% from current prices. According to NOW Wallet, transaction volumes for Ethereum have notably increased, and ETH can be held on NOW Wallet with no registration and no hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet Conclusion In summary, Solana and Ethereum offer significant opportunities for investors and traders seeking growth in the crypto market. Their recent movements hint at potential surges ahead. For those considering transactions with these coins, the NOW Wallet app is an excellent choice. It ensures privacy and security without requiring registration or holding users' funds. With a straightforward process for fiat-to-crypto operations, it supports the storage and instant exchange of thousands of tokens across major blockchains. The app also features built-in cross-chain swapping capabilities, simplifying crypto management for users. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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