Points
- Solana （SOL） and Toncoin （TON） are positioned for significant price recoveries.
- SOL aims for a breakout at $150, with potential to reach $200 if Bitcoin reclaims $60,000.
- TON shows bullish reversal patterns, targeting the $10 mark.
- Technical indicators suggest strong recovery potential for both altcoins.
As altcoins rally and the broader market sentiment improves, investors are eagerly anticipating a new all-time high （ATH） for high-ranking altcoins like Solana （SOL） and Toncoin （TON）. With rising demand and market recovery in sight, let’s delve into the technical analysis and price predictions for these two promising tokens.
Solana Eyes $150 Breakout
In the current consolidation phase, Solana’s daily chart indicates an ongoing battle between supply pressure and buyer interest. The Moving Average Convergence Divergence （MACD） and Relative Strength Index （RSI） are both declining, pointing to increased selling pressure. However, the $125 support level has held firm, turning the tide and setting SOL up to challenge the $150 resistance level. With an 8.40% price increase in just two days, Solana shows strong momentum. If Bitcoin reaches $60,000, Solana could potentially soar to $200.
Toncoin Reversal Aims for $10
Toncoin’s daily chart reveals a minor double bottom pattern, suggesting a potential bullish reversal. The RSI shows reverse divergence, and the MACD histograms are softening, indicating waning bearish momentum. If the current bullish trend continues, TON could reach the $10 mark, as suggested by trend-based Fibonacci levels.
The positive technical indicators for both Solana and Toncoin signal that these altcoins are ready to break through their current resistance levels and achieve new ATHs, provided the overall market conditions remain favorable.