Solana worth has fashioned a triple-top sample and a head and shoulders.
Theta Community 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 entire market cap of all cryptocurrencies rose to over $1 trillion. On this report, we are going to present predictions for among the prime cryptocurrencies, together with Solana, Theta Community, and Hooked Protocol.
Solana worth prediction
Solana (SOL/USD) worth 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 worth soared to a excessive of $26.53, the very best level since FX imploded.
Nevertheless, the 4H chart is sending a warning in regards to the coin. A more in-depth look reveals that it has fashioned what seems like a triple-top sample whose neckline is at $20.48. This sample additionally has a detailed resemblance to a head and shoulders sample. The 2 patterns are among the most bearish patterns within the trade.
Due to this fact, 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 worth is about 15% beneath the present degree. It is usually barely beneath the 23.6% Fibonacci Retracement degree.
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Theta Community worth prediction
Theta Community and TFUEL costs jumped sharply as buyers cheered the latest launch of Theta EdgeStore. EdgeStore is a brand new element of the Theta Edge Node software that’s run by 1000’s of individuals around the globe. As soon as absolutely launched, the platform will make it attainable for folks to retailer their paperwork and recordsdata in a decentralized method. A number of the recordsdata that will likely be saved in it are NFTs, video, software program packages, and metaverse tasks amongst others.
Turning to the 4H chart, we see that the THETA worth has been in a robust bullish pattern up to now few weeks. It managed to cross the necessary resistance degree at $0.9821, the very best degree on November 27. This was an necessary worth because it was the higher aspect of the cup and deal with sample that fashioned. Due to this fact, by measuring the gap of the higher and decrease sides of the cup, we will present that Theta worth has extra upside.
THETA/USD chart by TradingView
The right way to purchase Theta Community
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Hooked Protocol worth prediction
HOOK worth has been in a spectacular rally up to now few weeks due to the exceptional reputation of Wild Money. It rose to an all-time excessive this week, bringing the year-to-date good points to over 200%. The coin has moved above all transferring averages and the earlier all-time excessive of $3.40. Due to this fact, utilizing the trend-following method, the coin will probably proceed rising as patrons goal the necessary resistance level at $4.
