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Crypto traders and analysts have closed in on tokens SOL, OM, and FET. Latest price charts and expert commentary from Altcoin Sherpa, a crypto analyst, reveal key developments in these assets. Each token shows unique price patterns, and traders are looking for potential breakouts or dips.
$SOL grinds to 165 but this has been a slow mover, don't really know what's going on with it. much better to trade stuff like SUI if you're active. I still think SOL is a good bet though pic.twitter.com/lguSDHMJqf
— Altcoin Sherpa (@AltcoinSherpa) September 26, 2024
SOL Slowly Grinds Upwards
Solana (SOL), currently trading around $152, has been moving slowly but steadily. According to a recent chart, SOL is grinding towards the $165 resistance level. The chart shows an upward trend, with SOL consistently testing resistance points. The 200-day Exponential Moving Average (EMA) is around $139.95, which the price has passed, indicating bullish sentiment.
SOL’s trading volume is approximately 1.13 million. The analyst noted that while the price is rising, its slow pace might not appeal to active traders. Other tokens, such as SUI, have performed better in terms of daily trading volatility. However, SOL remains a solid long-term bet for many investors.
OM: Breakout or Dip Ahead?
Manifold Finance’s OM token is another asset with promising momentum. OM is trading around $1.24 and could be headed for an all-time high (ATH). The chart shows OM testing resistance at $1.41, a key level.
The token has strong support at lower levels, including $1.04 and $0.86. The analyst mentioned that OM has one of the highest floats among real-world asset (RWA) options, making it a popular choice. However, the best entry point for OM might be either on a breakout above the current region or a dip back to $1.17.
FET’s Push to $2
FET has also shown positive signs, currently trading at $1.67, with predictions of a push to $2 soon. The chart shows that the token recently broke through the $1.49 resistance level and is approaching $1.75. Volume is rising, sitting at approximately 3.66 million.
The 200-day EMA for FET is at $1.39, and the price is well above this level, indicating strong bullish momentum. Altcoin Sherpa said FET might reach $2 soon, based on current market activity.
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