According to the information obtained using machine learning algorithms, SHIB, Solana and ETH will see these levels in February.
Ethereum according to technical analysis indicators
Ethereum (ETH), the second largest cryptocurrency by market capitalization, continues to test resistance levels in January after a solid start to 2023, while investors are wondering if Ethereum has more room to grow until early February.
According to the information obtained using machine learning algorithms, according to the data collected on January 19, the Ethereum price is expected to be traded at $ 1,582 on February 1, 2023. Indicators from technical analysis (TA) indicators such as relative strength index (RSI), Bollinger bands (BB), moving averages (MA), moving average convergence divergence (MACD) and others, platforms that artificial intelligence sees 3% increase until the end of the month.
Currently, Ethereum is trading at $1,535, down 3.9% in the last 24 hours and up 10.85% from the previous week, with a total market cap of $188 billion. In particular, TradingView’s technical analysis indicators on 1-day indicators are extremely bullish.
The summary of the indicators is in line with the ‘buy’ sentiment at 15, while the moving averages point to a ‘strong buy’ at 13. Finally, the oscillators also point to ‘buy’ at 2. Web3 development activity has expanded at an astonishing rate despite the headwinds the cryptocurrency industry has endured over the past year.
Solana price will rise if the predictions come true
While the cryptocurrency market is struggling to sustain the bullish momentum that started at the beginning of the year, Solana (SOL) is no exception and crypto traders and investors are looking to indicators to try and predict its price for the coming period.
In this context, it is estimated that Solana will change hands on February 1, 2023 at a price of $21.58, according to data received by machine learning algorithms on January 20.
2% of the current price of the SOL price if forecasts based on various technical analysis (TA) factors including moving averages (MA), moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB) and others, He said it will increase to 37.
bulls ideas
At the same time, the sentiment around Solana on 1-day indicators on financial analytics platform TradingView is also bullish, with their summaries showing ‘buy’ at 12, which is a ‘neutral’ on oscillators 9 and a ‘strong buy’ on moving averages 11. or pointing.
The optimistic predictions come when Solana and another blockchain company, Ripple, join hands with Eqo Networks, the Global Blockchain Business Council (GBBC) and blockchain-climate to create the Blockchain X Climate Leadership Network (BxC) initiative.
As the nonprofit puts it, its aim is to advance the use of crypto-based solutions for climate change and become ‘the largest collaborative meeting of climate action inventors, leaders and builders under one global umbrella’.
Solana price recovery
As a reminder, Solana was deeply affected by the collapse of crypto exchange FTX and the subsequent arrest of founder Sam Bankman-Fried, a vocal advocate of the Solana blockchain and its native SOL token, and its price plummeted.
However, renewed optimism in the overall market helped the token start its recovery path, currently trading at $21.08 after surging as high as 24.58% in a week and 74.25% in the previous 30 days.
cryptocoin.comAs we mentioned, according to the latest data received, in its current form, with a market cap of $7.82 billion, Solana currently holds the position of the 11th largest cryptocurrency according to this indicator.
AI updated SHIB data
Shiba Inu enjoys a very popular position as a meme coin created as a fork of the Ethereum blockchain. Launched in August 2020, this meme coin has gained significant popularity due to its association with the “Dogecoin” meme. The name of this entity originated as a reference to the Shiba Inu dog breed, which was also the mascot of the project. SHIB took one of the biggest hits in the markets that were not going well in 2022. However, SHIB has gained over 22 percent in the last 24 hours.
It is also worth noting that this rise is the result of a long-term uptrend. So much so that when we look at the graphs, SHIB has gained 35% in 7 days and 54% in 14 days. Naturally, this has a very positive effect on expectations for SHIB. In addition, the artificial intelligence of PricePredictions, which analyzes past price ranges with machine learning, has also kept the expectations at this point.
So much so that instantly, according to artificial intelligence, SHIB will be traded at $0.000014 on February 1. The previous estimate of artificial intelligence was $0.000011. At this point, it is worth mentioning that artificial intelligence obtains this data through graph analysis and additional API uses.
