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The recovery rally in the Bitcoin price continues Monday as the cryptocurrency is up 0.58% at press time. The market sentiment around the crypto assets seems to have significantly improved after a brutal collapse in the last couple of weeks. As a result, Solana price is also extending its gains as the bulls attempt to break the $100 barrier.
BTC price is currently facing resistance from the $42,500 level, which is the middle of the current trading range. If bulls clear this level soon, a retest of the range highs around $44,500 could be next. Ethereum price is also facing a similar resistance around the $2,300 mark, which must be closely monitored this week.
Apart from Conflux (CFX) price, no other cryptocurrency in the top 100 coins has posted double-digit gains in the last 24 hours. Beyond the top 100 coins, MANTA remained in focus once again with a 5.6% gain. After a pullback from the all-time high of $3.89, the altcoin is looking strong once again.
Let’s analyze the price action of the top coins from the perspective of technical analysis.
Solana (SOL) Price Targets $100
Solana has been on an absolute tear for the past couple of months. It has emerged as the leading coin of the ongoing crypto bull run. After hitting the recent peak of $126, Solana price has been in a correction.
However, after hitting the monthly low of $79, the SOL price has shown an incredible recovery. A significant upside may follow if bulls clear the $100 barrier with a breakout above $107. An immediate resistance also lies at $97 as mentioned in the following chart.
MANTA Price Prediction
MANTA bulls are targeting $4 after a brief pullback from the record peak of $3.89. However, such a move would depend on the price action of Bitcoin in the coming days. In case of a BTC breakout above $42,500, MANTA price prediction of $4 may become a reality.
The invalidation will be a breakdown below the $3.33 level.
Cardano (ADA) Price Targets 20% Upside
Cardano is showing a relatively sluggish recovery when compared to the likes of Solana. Nevertheless, ADA price has broken out of the downward trendline. Although this breakout lacks momentum, it still puts a move toward $0.57 on the cards.
A 4H closure below $0.475 will invalidate this outlook, putting a retest of the range lows around $0.433 on the cards
