Solana price has shaped a triple-top sample and a head and shoulders.
Theta Network has moved above the cup and deal with sample.
Hooked Protocol’s HOOK has surged above its all-time excessive.
Cryptocurrency costs moved sideways this week because the US greenback index continued its downward pattern. Bitcoin rose above $23,000 for the primary time in months whereas the overall market cap of all cryptocurrencies rose to over $1 trillion. In this report, we are going to present predictions for a few of the prime cryptocurrencies, together with Solana, Theta Network, and Hooked Protocol.
Solana price prediction
Solana (SOL/USD) price has made a spectacular comeback as buyers increase their bets that the blockchain will recuperate amid FTX woes. It has additionally been helped by the surge of NFTs traded within the ecosystem, as we wrote here. As such, Solana price soared to a excessive of $26.53, the best level since FX imploded.
However, the 4H chart is sending a warning in regards to the coin. A more in-depth look exhibits that it has shaped what seems to be like a triple-top sample whose neckline is at $20.48. This sample additionally has an in depth resemblance to a head and shoulders sample. The two patterns are a few of the most bearish patterns within the business.
Therefore, there’s a chance that Solana could have a bearish breakout within the coming days as sellers goal the neckline of the 2 patterns at $20. This price is about 15% beneath the present degree. It can be barely beneath the 23.6% Fibonacci Retracement degree.
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Theta Network price prediction
Theta Network and TFUEL costs jumped sharply as buyers cheered the current launch of Theta EdgeRetailer. EdgeRetailer is a brand new part of the Theta Edge Node software that’s run by 1000’s of individuals all over the world. Once totally launched, the platform will make it attainable for individuals to retailer their paperwork and recordsdata in a decentralized method. Some of the recordsdata that can be saved in it are NFTs, video, software program packages, and metaverse initiatives amongst others.
Turning to the 4H chart, we see that the THETA price has been in a powerful bullish pattern up to now few weeks. It managed to cross the vital resistance degree at $0.9821, the best degree on November 27. This was an vital price because it was the higher facet of the cup and deal with sample that shaped. Therefore, by measuring the space of the higher and decrease sides of the cup, we are able to present that Theta price has extra upside.
THETA/USD chart by TradingView
How to purchase Theta Network
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Hooked Protocol price prediction
HOOK price has been in a spectacular rally up to now few weeks due to the exceptional recognition of Wild Cash. It rose to an all-time excessive this week, bringing the year-to-date features to over 200%. The coin has moved above all shifting averages and the earlier all-time excessive of $3.40. Therefore, utilizing the trend-following strategy, the coin will possible proceed rising as consumers goal the vital resistance level at $4.
