BTC ETH SOL Weekly Forecast

Last Friday, the overall trend of major currencies has been volatile. Except for the price trend curve of BNB, other currencies have shown significant fluctuations, and the overall price has dropped significantly compared to last week’s closing stage. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.

Bitcoin (BTC）

Bitcoin has fallen by about 4.89% this week and is currently closing at around $41,659, with a noticeable upward trend within a week. The highest point of Bitcoin this week was at the opening price of $43,676. The overall trend has shown a downward trend of rapid daily fluctuations, with more severe fluctuations. Currently, the Bitcoin price remains above $40,000. Although the lowest point of the week’s price dropped to $40,534, it still maintains a basic key price support level.
Analysis suggests that the price trend of Bitcoin will usher in a new round of volatility this week, mainly with reasonable price fluctuations, which can be seen as a slight correction to the market’s overheated response in the previous two weeks. At present, the key price support of Bitcoin is still strong, and it is almost impossible to see a diving trend in the short term. Earlier, it was predicted that the price of the currency would fall this week. Currently, the expected trend is more in line with the market’s volatile cycle. Maintaining such market trends in the short term should be a more obvious market theme.

Ethereum (ETH）

Ethereum fell 6.06% this week and closed near $2,207. The price trend of Ethereum has once again maintained a strong correlation with that of Bitcoin this week, but the daily trend is smaller. The high point of Ethereum’s weekly price is around $2,352 at the opening stage, while the low point is around $2,153. The slight fluctuation and correction are more obvious, but it still maintains a key price support.
The price trend of Ethereum is similar to that of Bitcoin this week, both of which were affected by market fluctuations and a pullback trend, resulting in a rapid rise and fall in the price curve. Although a new market cycle has arrived, Ethereum still maintains a key price trend above $2,100 and is currently fluctuating around $2,200. Maintaining the current state in the short term and continuing to fluctuate within a fixed price range will be a highly probable event.

Solana (SOL)

Solana price fell 4.23% this week and closed near $70.96. Although the price of SOL has rebounded this week, it remains one of the stronger-performing mainstream coins. The high point within a week is around $79, while the low point is around $65. SOL benefits from the excellent status and performance of various projects in the Solana ecosystem, which makes the overall price support of the currency very strong.
The price of SOL has experienced a relatively small pullback this week. In this new cycle of volatility, the currency is unlikely to experience a significant drop in price but instead will exhibit a sustained trend of volatility. Long-term bullishness is also the mainstream judgment of current market users, but in the short term, one or two weeks, it is mainly characterized by sustained small fluctuations.