The overall crypto market is experiencing an impressive recovery, with altcoins such as Solana (SOL) and Ethereum (ETH) recording gains. Solana has already recorded a daily surge of over 2%, with increased market activity set to push the SOL price even higher. Ethereum has also recorded a notable surge to trade at around the $2,400 mark as the crypto community closely monitors the $2,300 critical support level.
This price point is significant not only because of the token’s psychological implications but also because it represents a substantial concentration of investments. Meanwhile, the latest Ethereum hybrid coin, Cutoshi, has been shaking the market with its fun-utility-packed ecosystem that upholds Bitcoin’s founder’s values of decentralization.
Cutoshi To Utilize On the Uptober Wave Rally
Cutoshi (CUTO) seeks to revive the meme coin culture while offering a community driven approach mixed with utility. Cutoshi’s vision is to illustrate the unique values of decentralization, monetary freedom, and privacy, echoing Bitcoin’s founder’s original vision for blockchain technology. Moreover, by incorporating the spirit of the Chinese Lucky Cat with these ideals, Cutoshi aims to create a community-driven ecosystem where decision-making power and control are with the users.
The Cutoshi multi-chain DEX and swapping mechanism allows users to trade across different blockchains while ensuring better security and privacy than centralized exchanges. Additionally, the Cutoshi Academy helps narrow the knowledge gap.
The project has gained massive attention with limited CUTO tokens in supply. The token price has surged from its initial price of $0.015 to $0.022, representing a 46% ROI for early investors. Additionally, Cutoshi’s built-in utilities are set to outperform major tokens within the crypto market while laying a foundation for better gains in the future.
Will Solana (SOL) Hit The $200 Again Before the End of Q4
According to Solana’s technical analysis, SOL appears bullish having formed a bullish double-bottom price action pattern on the daily time frame with its crucial support region of $137 and the 200-day EMA. This pattern normally represents a bullish signal for investors.
Source: TradingView
Based on Solana’s recent price performance, if the SOL token breaks out from its neckline of the double-bottom price action pattern to close a daily candle above the $150 level, there is a high possibility it could further surge by 10% to hit the $165 mark in the coming days. Currently, Solana’s price is trading within the $146 mark with increased trading volume and future open interest.
This indicates growing interest and participation among investors. Solana’s simple moving average is at $141.67, signaling buying momentum. According to Mert Solana net inflows have outpaced other chains combined in the past three months. With these, analysts have already made positive Solana’s price prediction that could see the token hit the $200 mark before the end of Q4.
Ethereum (ETH) Stability Hinges on Crucial Support Level Amid Market Watch
Ethereum price performance has attracted significant attention, with around 2.4M addresses accumulating about 52.6M tokens within the price range of $2,048 and $2,779. However, most ETH token purchases cluster around the $2,300 mark, setting it as a pivotal level for current Ethereum holders.
According to Ali’s analysis, the stakes are high, with ETH’s price teetering near its crucial threshold. The data indicates that a large volume of the holdings are in the money, meaning the purchase price was lower than Ethereum’s current market price, hovering around the $2,400 mark.
Should Ethereum’s price fall below $2,300, many investors might find themselves out of the money, triggering a potential sell-off as institutions and individuals seek to minimize losses. However, investors are advised to monitor Ethereum’s price movements in the coming days, with the $2,300 level being the barometer for ETH’s short-term financial climate.
Which Altcoin Will Make Better Returns Before Q4 Ends?
While Solana and Ethereum continue to stretch out their value during the current crypto market rebound, investors seem to have settled for Cutoshi, the freshest altcoin with the potential to make the most returns. With a low presale entry, Cutoshi presents an intriguing opportunity to enjoy higher ROI.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com
Join and become a community member:
https://t.me/cutoshi
Source: https://blockchainreporter.net/crypto-trading-activity-surges-in-the-last-24-hours-for-solana-ethereum-cutoshi-according-to-cmc/