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Solana worth has fashioned a triple-top sample and a head and shoulders.
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Theta Community has moved above the cup and deal with sample.
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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 full market cap of all cryptocurrencies rose to over $1 trillion. On this report, we are going to present predictions for among the high cryptocurrencies, together with Solana, Theta Community, and Hooked Protocol.
Solana worth prediction
Solana (SOL/USD) worth has made a spectacular comeback as traders 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.
Nonetheless, the 4H chart is sending a warning concerning the coin. A better look exhibits 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 business.
Subsequently, there’s a chance that Solana can 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 stage. Additionally it is barely beneath the 23.6% Fibonacci Retracement stage.
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Theta Community worth prediction
Theta Community and TFUEL costs jumped sharply as traders 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 potential for individuals to retailer their paperwork and information in a decentralized method. A few of the information that will likely 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 worth has been in a robust bullish pattern previously few weeks. It managed to cross the essential resistance stage at $0.9821, the very best stage on November 27. This was an essential worth because it was the higher facet of the cup and deal with sample that fashioned. Subsequently, 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 way to purchase Theta Community
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Hooked Protocol worth prediction
HOOK worth has been in a spectacular rally previously few weeks due to the exceptional recognition 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. Subsequently, utilizing the trend-following strategy, the coin will doubtless proceed rising as patrons goal the essential resistance level at $4.
