• 13 July, 2024
Market News Price Analysis

Analyst Predicts Major Breakouts: MKR, SOL, CHR Set for Crypto Surge

Renowned crypto analyst World of Charts has provided detailed forecasts for Maker (MKR), Solana (SOL), and Chromia (CHR). The analyst insights suggest potential bullish movements that could significantly impact the market.

In a recent X post, the analyst highlighted that Maker (MKR) is currently consolidating within a falling wedge pattern, a technical formation often indicative of a potential breakout. According to analysts, if MKR successfully breaks out from this pattern, the cryptocurrency could see a significant upward movement, potentially reaching the $4000 mark.

In the last 24 hours, MKR price has reached $2,291, marking a 3.99% increase. Despite this recent uptick, MKR has experienced a 10.88% decline over the past week. The cryptocurrency has a 24-hour trading volume of $103,071,267, indicating significant market activity.

Solana (SOL) has formed a bullish pennant on the H12 timeframe, signaling a potential continuation of its upward trend. World of Charts emphasized that a successful breakout from this pattern could trigger a massive upswing in SOL’s value, leading to impressive gains in the coming days.

Source: Chart by World of Charts

The price of SOL at press time is $141.75, showing a 1.23% increase in the past 24 hours. However, over the last 7 days, SOL has seen a 4.93% decline. The cryptocurrency has generated a significant 24-hour trading volume of $3,142,931,908, showcasing active market participation.

In another X post, the analyst highlighted that if Chromia (CHR) successfully breaks out from its current resistance level, it could trigger a significant bullish wave. This breakout has the potential to double CHR’s current value, offering substantial gains for investors.

Source: Chart by World of Charts

Market Meltdown: Solana and WIF Tokens Plunge Amid Massive Sell-Off

As of now, CHR is trading at $0.2761, reflecting a 9.03% increase in the last 24 hours. Over the past 7 days, CHR has surged by 19.74%, with a 24-hour trading volume reaching $23.69 million.

The coming days would be crucial for MKR, SOL, and CHR as their respective trends evolve and the market reacts to these changes. Investors should pay attention to these cryptocurrencies as potential breakouts might bring decent profits in the dynamic environment.

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