Solana (SOL) increases by 10% to an important value, while Bitcoin (BTC) recaptured $ 83,000
Solana (SOL) increases by 10% to an important value, while Bitcoin (BTC) recaptured $ 83,000
- Solana (SOL) recorded an increase of 10 % and breaks over the decisive resistance mark of $ 120
- This happens while the cryptocurrencies are trying to recover, despite the overall bear sentiment in the markets for risk systems.
- Analysts indicate a bullish turn for Bitcoin; Is Sol to break out to $ 200?
The broader cryptomarkt behaved this week together with the shares volatile, rallye on Wednesday before the profits were returned on Thursday.
spurred on by a break in the US tariffs against several countries, Solana rose over $ 115
But all profits within 24 hours were given up when President Donald Trump's decision, the tariffs, except China, to postpone a reaction from Beijing.
The Chinese imposed a retaliation tax on US imports that brought the total tariff to 125 %. This meant that the calm that Trump's break brought only a day before the risk systems gave up again on Thursday.
However,Solana has increased today and has increased by 10 % in the last 24 hours and has exceeded $ 120. Sol's profits come, while Bitcoin recovers $ 83,000.
risk systems and expert comments
Despite a positive US inflation data that suggested the opposite,stocks and crypto have fallen this week. On Friday, the producer price index for March showed that inflation fell to 2.7 %, under the expectations of 3.3 %. The core blank also fell to 3.3 %, which was below the expected 3.6 %.
In view of the consumer price index data published on April 10, both US inflation dimensions, CPI and PPI, referred to a significant slowdown in March. However, tariffs and the general economic outlook have caused many experts to warn of further difficulties.Larry Fink, the CEO of Blackrock, suggests that the United States may already be in a recession. He said in a interview with CNBC :
"I think that we will see a slowdown in all areas until there is more clarity. And we now have a 90-day break in the mutual tariffs. That means a longer, high uncertainty."
Mohamed el-Erian, an economist and consultant of Allianz, X :
"Since the risk of misconduct by the financial markets is again increasing to an unpleasant and worrying level, it is not just about a" pig race "in tariffs between China and the USA. It also develops into one between the government and the Federal Reserve. ”
According to El-Erian, "A lot is at stake here."
can Sol increase to $ 200 in April?
The Solana price commuted near $ 300 in January. However, Sol has given up almost 60 % of the profits since this maximum. The downward trend dropped the Altcoin under $ 100 this month.
bulls are over $ 120, the last increase strengthens the sentiment.
technical indicators indicate a short -term bullish case, with an RSI near the center and MacD, which indicates a bullish crossover in a daily chart.
If the price of Solana breaks over $ 150, buyers could consider $ 180–200 as the next destinations. However, if the momentum falls, the level of support could be $ 105 and then $ 80.
The article Solana (SOL) increases by 10 % to an important value, while Bitcoin (BTC) recaptured $ 83,000, first appeared on coin journal.