Ethereum Faces Potential Drop to 2180 Amid Market Correction

Ethereum has lost its crucial $2,600 support, with analysts predicting a potential drop to $2,180 if it fails to hold the $2,345 level, where significant investor accumulation occurred. Following a market correction triggered by a major hack, ETH is currently trading at $2,324, reflecting a 15% weekly decline. Some analysts suggest a possible short-term rally, while others foresee a sideways movement for the next few months as the cryptocurrency seeks to stabilize.

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Solana Sentiment Declines as Price Hits Five Month Low Amid Market Correction

Solana (SOL) has experienced a significant price drop, reaching a five-month low of $131 amid a broader market correction, with sentiment hitting a yearly low. Analysts warn that if SOL fails to hold key support levels around $130-$140, it could face further declines, potentially dropping to $70. Despite the current volatility, some experts believe there may be a rebound ahead, with the upcoming token unlock on March 1st likely influencing its price trajectory.

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Solana sentiment declines as price drops to five-month low

Solana (SOL) has experienced a significant price drop, reaching a five-month low amid a broader market correction, with sentiment hitting a yearly low. Analysts suggest that if SOL fails to hold key support levels around $130-$140, it could plummet to $70, marking a potential 50% decline from January highs. Despite the downturn, some experts believe there may be a rebound ahead, with the $90-$125 range seen as a potential buying opportunity.

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Bitcoin Struggles Below Key Levels Amid Market Corrections and Hacks

Bitcoin has dropped below $95,000, hitting a one-week low of $93,800 amid market corrections and a significant hack at Bybit. Analysts suggest that BTC needs to reclaim and close above $96,700 to confirm its bullish trend and maintain support from its post-election range. Currently trading at $94,165, Bitcoin’s recent performance indicates a struggle to hold crucial levels for long-term trend continuation.

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Analyst Predicts Continued Upside Potential for Bitcoin and Altcoins

A prominent analyst suggests that Bitcoin and altcoins have potential for significant rallies, citing a favorable macro environment and a supportive US government. With Bitcoin trading at $105,836, the analyst believes the market is not at its peak yet, although caution is advised as the cycle matures. Historical trends indicate Q1 could be bullish, and signs of overexuberance are still absent.

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Bitcoin Reaches New All Time High Amid Market Volatility and Predictions

Bitcoin has entered a second ‘Price Discovery Uptrend’ following a surge to a new all-time high of $109,588, driven by bullish market sentiment and recent developments in the crypto space. Analysts predict potential volatility influenced by comments from the new US President, with expectations of a breakout above the $106,000 resistance level. Despite a recent correction, the long-term outlook remains optimistic, with targets set as high as $140,000.

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Large-Cap Memecoins Show Bearish Trends Dogecoin and Popcat Forecasts Updated

A prominent cryptocurrency trader warns that large-cap memecoins like Pepe, Bonk, and dogwifhat are showing bearish patterns, with lower highs and lows. While Dogecoin may see a breakout around the $0.33 Fibonacci level, the trader remains cautious about whether these memecoins will lead the market again. Additionally, Popcat, down 75%, might be nearing a local bottom, prompting potential buying interest.

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Dogecoin and Shiba Inu Surge Amid Market Optimism and Increased Activity

Dogecoin surged 9% to $0.3475, while Shiba Inu rose 5% to $0.00002133, driven by increased trading volumes and community support. Notably, Shiba Inu’s burn rate skyrocketed by over 2,200%, and large transactions spiked significantly, indicating heightened investor interest. Elon Musk’s recent comments on Dogecoin and Bitcoin’s bullish trend further fueled enthusiasm in the market.

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Bitcoin Faces Potential Drop as Analysts Predict Key Price Movements

Bitcoin started the week with a significant drop, falling to $90,300, its lowest in over a month. Analysts suggest that a daily close above $91,000 is crucial for a potential recovery, while some predict a dip to the $87,000 support level before a possible reversal. Historical trends indicate January is typically bearish for Bitcoin, with expectations of a market pickup in February.

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