Solana surges amid Bitcoin consolidation BTC ETH XRP SOL major price analysis

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Bitcoin Remains Stable Around 144 Million Won

Bitcoin (BTC) is currently trading around 144.33 million won, up 0.27% in the past 24 hours. The key focus is whether it will break through the major resistance line, which could determine the resumption of its upward momentum. Experts analyze that Bitcoin is in a standard adjustment phase and may test its lower support line.

As institutional investors prefer safe assets, there are suggestions that new funds could flow into the Bitcoin market if investment sentiment in the stock market changes.

Ethereum Slightly Declines to 3.4 Million Won Range

Ethereum (ETH) is currently trading at 3.45 million won, down 1.32% in the past 24 hours. Similar to Bitcoin, Ethereum is also considered to be in an adjustment phase. Experts assess that Ethereum network upgrades and ecosystem development could serve as future upward drivers.

Ripple Strengthens Its Position Through Utility

Ripple (XRP) is currently trading at 2,962 won, down 0.66% in the past 24 hours. XRP is enhancing its investment appeal through practical aspects such as actual financial institution adoption and fast international remittance capabilities. After its legal dispute with the SEC, the increased regulatory clarity has also raised expectations for future price increases.

Solana Records Remarkable Upward Trend

Solana (SOL) is currently trading at 210,000 won, continuing its strong upward trend. With low transaction costs and high-performance network, Solana is gaining attention from DeFi and dApp developers, showing independent momentum in the market. Experts anticipate that Solana will continue its long-term growth based on its technological strengths.

Market experts advise investors to pay attention to technical indicators and on-chain data, and maintain a cautious strategy in this highly volatile market.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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