BTC, ETH and SOL Price Analysis for February 8 – U.Today


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
After a few days of growth, bulls have faced obstacles on their way up as most of the coins have returned to the red zone.
The rate of Bitcoin (BTC) is almost unchanged since yesterday, with growth of only 0.44%.
On the daily chart, Bitcoin (BTC) made a false breakout of the resistance level at $45,478. At the moment, buyers are out of energy to keep the rise going.

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In this case, if the decline continues, there is a chance to see the test of the recently formed mirror level at $39,573.
Bitcoin is trading at $43,098 at press time.
The rate of Ethereum (ETH) has gone down by 1.57% over the last 24 hours.
Despite the fall, the leading altcoin remains trading above the support level at $3,034. Until bulls can hold the vital mark of $3,000, one may expect continued growth to the area of $3,500.

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In case bears keep the pressure and the price goes below $3,000, the drop may lead the rate of ETH to $2,815.
Ethereum is trading at $3,056 at press time.
Solana (SOL) is the biggest loser from the list today with a decrease of 7.71%.
At the moment, neither bulls nor bears are dominating as the price is stuck in the channel between the support at $87.73 and the resistance at $130.11. If buyers can come close to $120 and fix above it, there is a chance to see a breakout of the $130 mark soon.
SOL is trading at $111.53 at press time.

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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