Ethereum and Solana Push Higher, Digitap Continues Its Sharp Uptrend as Investors Pile In For 50X ROI
The post Ethereum and Solana Push Higher, Digitap Continues Its Sharp Uptrend as Investors Pile In For 50X ROI appeared first on Coinpedia Fintech News
Ethereum and Tron have witnessed a minor pullback. The correction comes as bearish pressure returns to the market. Traders are likely selling off their coins as the year draws to a close. Despite the decline, low-cap gems like Digitap ($TAP) continue to garner attention.
Its price has increased by over 160% in the crypto presale phase, outshining other coins. The project’s fast user growth and multi-rail payment framework have sparked discussion among analysts. They forecast that Digitap is the best crypto to buy now for a potential 100X return.
Ethereum (ETH) Price Soars But Faces a Strong BarrierAccording to CoinMarketCap, the Ethereum price has increased by 3.3% on the weekly chart. The price of Ethereum is yet to start a major rally following the recent Fusaka upgrade.
The ETH price is trapped below the $3,200–$3,230 resistance zone. If bulls break that area with strong volume, the Ethereum price may rise to $3,350. Failure to break may cause a pullback to $3,080.
Presently, Ethereum’s RSI indicator supports more price growth. The indicator is above the neutral 50 level which means bulls are gaining traction. Meanwhile, whale accumulation has been up. Lookonchain data shows that Tom Lee’s Bitmine recently bought 41,946 ETH.
Meanwhile, MerlijnTrader told his followers that a bullish crossover has formed on the Ethereum price chart, making it a likely good crypto to buy now.
ETHEREUM: BULLISH CROSSOVER IS IN
MACD just flipped bullish for the first time since September.
Support held. Price bounced hard.
$3.9K is the final boss.
Break it, and $ETH flips the trend for good.
Volatility returns. Be ready. pic.twitter.com/HAqYVXwvn5
He noted that the last major resistance for Ethereum is at $3,900. Break past this level, and price of ETH might flip bearish, MerlijnTrader added. On the other hand, KNIGHT forecasts the value of Ethereum may fall to $2,700 soon.
Tron (TRX) About To Flip Major Resistance Into SupportThe Tron price has pushed into the $0.2850 zone, according to data from CoinMarketCap. Bulls are currently attempting to convert this former resistance zone into support.
If successful, the level could serve as a launchpad for a major uptick, positioning it as a potentially top crypto to buy now. Besides, technical indicators show that bulls are in control.
The RSI at 52.18 reveals that bulls are returning to the market. Since the RSI is not in the overbought region, the Tron price has room for more upside. Meanwhile, Satoshinin Kuzeni believes the TRX price chart is strong.
#TRON @trondao $TRX
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