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Cryptocurrency News Articles

Bitcoin (BTC) and Solana (SOL) Capture Attention as Promising Avenues for Wealth Growth

Nov 17, 2024 at 09:27 pm

Transaction volumes for these coins have risen, according to ChangeNOW, a registration-free cryptocurrency exchange service.

Bitcoin (BTC) and Solana (SOL) Capture Attention as Promising Avenues for Wealth Growth

Bitcoin and Solana are attracting attention as promising avenues for wealth growth, according to cryptocurrency exchange service ChangeNOW.

As a registration-free cryptocurrency exchange service, ChangeNOW reports increasing transactions, especially among experienced investors and "whales" who prioritize fund safety. These transactions indicate that investors are accumulating these cryptocurrencies, suggesting potential growth in the future.

Bitcoin price sees bullish signals amid continuous uptrend

Recently, the price of Bitcoin has broken above $90,000, showing strong growth with a monthly increase of over a third. The Relative Strength Index is just under 60, indicating bullish momentum. Meanwhile, the Stochastic indicator is above 90, suggesting strong upward pressure.

The nearest resistance level is around $95,000, and if this is crossed, the next target could be around $105,000. Moving averages show the 10-day average is slightly above the 100-day average, supporting the bullish trend.

These signals suggest that bulls are influencing the market, and Bitcoin may continue its upward movement. Anyone interested in trading BTC can do so on ChangeNOW with no registration and no hidden fees.

Solana price shows bullish signs amid recent price surge

Solana's price has been climbing recently, gaining 8.66% over the past week and 37.97% in the last month. Currently trading between $171.70 and $231.97, the cryptocurrency is showing signs of bullish momentum.

The Relative Strength Index (RSI) stands at 52.99, indicating neutral momentum, while a Stochastic value of 85.22 suggests overbought conditions. The nearest resistance levels are at $253 and $314, with support levels at $133 and $72.97.

If the upward trend continues, Solana could test these resistance levels, potentially achieving significant percentage increases. The 10-day and 100-day Simple Moving Averages are both just above $210, reflecting steady growth.

These indicators point towards bullish influence in Solana's market. Those interested in Solana can access it on ChangeNOW without registration or hidden fees.

News source:bitcoinist.com

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