Solana's Anticipated Cryptocurrency Value as of September 17
In today's cryptocurrency market, Solana (SOL) and Ethereum (ETH) are making headlines with their predicted price movements.
According to Denys Serhiichuk, an analyst known for his price predictions for the Solana cryptocurrency, the price of SOL does not provide a specific target for today. However, it's important to note that the price of SOL is not currently experiencing a false breakout or a significant decline, as mentioned in earlier facts.
After a false breakout, the price of SOL is indeed declining. On the hourly chart, the price of SOL is going down, and the volume of SOL is falling, indicating that neither side is ready to seize the initiative. If the decline in the price of SOL continues, a test of the support is expected by the end of the day.
On the other hand, the prediction for Ethereum (ETH) suggests that it will trade in a narrow range of $230-$240 for today. The price of Ethereum (ETH) has failed to fix above the $244.70 level at the midterm point of view, and the prediction does not indicate a strong downward trend beyond the $220-$230 zone. If the price of Ethereum (ETH) continues to trade according to the prediction, a correction to the $220-$230 zone may occur.
It's worth noting that the market is mainly rising today, as reported by CoinMarketCap. At press time, the price of SOL is $236, almost unchanged since yesterday. The prediction for Ethereum (ETH) does not suggest any significant upward movement beyond the $244.70 level.
On a longer time frame, the rate of SOL is far from key levels, offering potential for future price fluctuations. The same can be said for Ethereum (ETH), as the market remains volatile and subject to various factors.
As always, it's crucial to approach any price prediction with caution and consider multiple sources before making investment decisions. Stay tuned for further updates on the cryptocurrency market.
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