Bollinger Signals Potential Ethereum and Solana Price Surge
A rare signal from market analyst John Bollinger has indicated potential price movements for Ethereum and Solana, capturing trader interest amidst a broader crypto market slump.
Bollinger Bands Signal Potential Reversal
- John Bollinger, creator of the Bollinger Bands indicator, identified potential "W" bottoms in Ethereum and Solana charts.
- This signal suggests possible reversals or consolidation into bullish breakouts for ETH and SOL.
- Bollinger's historical accuracy adds weight to these predictions, with a notable past call just before Ethereum's rise from $1,290 to nearly $4,000.
Market Analysts' Bullish Projections
- Crypto analyst Lark Davis highlights Solana’s constructive chart, indicating a potential 30% gain if it breaks its neckline at around $192, targeting $250.
- Merlijn the Trader points to a Bullish Pennant pattern in Ethereum’s monthly chart, projecting a breakout target near $8,500, potentially doubling Ethereum's value.
