Could there be a new wave of rise after a big correction in the crypto money market? Famous analyst Jason Pizzino shared remarkable analyzes for Pizzino, Ethereum, Solana and XRP. Here are critical levels and potential trend turns!
Ethereum (meatH) can reclaim $ 3,000
Ethereum fell to $ 2,100 in the last correction. However, according to Pizzino, smart investors made strong purchases from this level. Now ETH is preparing to rise above $ 2,900. According to the analyst, the level of $ 2,700 was a strong support before, and ETH has passed this area again. Currently, important resistance levels stand out as $ 2,950 and $ 3,100.
If the price closes above these levels, a strong upward trend for Ethereum may begin. ETH/BTC parity also has rise signals. The potential “double bottom” formation in the weekly graph shows that the bull market is approaching. It is stated that there is a similar footpoint with the levels seen in December 2020.
Is it the last opportunity to rise in XRP?
With the last decline, the XRP fell to $ 1.80. However, Pizzino says that this movement can form a “Higher-Low”, a higher bottom. If this scenario occurs, the XRP may be ready for rise.
The analyst says the price may fall a little further, but there is no big sales pressure. In order for the XRP to gain a strong momentum, it needs to close above $ 2.80. If this level is reached, it may be possible for XRP to start a new bull run.
Will it exceed $ 235 again like Ethereum?
Solana fell to $ 176 during the major correction on the market. However, panic sales at this level ended and the price recovered rapidly. Pizzino usually says that strong recovery comes after such sudden decreases.
According to the analyst, the Left needs to exceed $ 235 to rise. If the price is permanent over $ 250, a much stronger rally may start for solana. Currently, the left is trading around $ 205 and moving towards critical resistance points. These critical levels in the crypto market can offer important opportunities for investors. But the volatility continues, so it is useful to act carefully!
