While the crypto market remains largely bearish these Solana token projects could be on the up in the coming months.
Solana and the tokens based on its blockchain stand still despite multiple security hacks in the recent past
While SOL price registered a double-digit gains, AUDIO, SRM & RAY price is also expected to follow soon
Solana (SOL) Price Analysis
- The Solana price fell short of momentum and continues to trade within the symmetrical triangle
- The recent upswing uplifted the price close to the resistance but failed to break the levels as the bearish pressure mounted at the resistance
- However, bulls still appear to be well-positioned and hence the asset may hit $47.28 in the next 24 to 48 hours
Audius (AUDIO) Price Analysis
- AUDIO price in a little contrast to SOL is swinging within an ascending triangle but pretty much distinct from the apex
- The recent rejection from the upper resistance validates the pattern and hence a continued consolidation just below the resistance may be imminent
- The asset may slice through the resistance in the first few days of Q4 and continue to range high, nullifying the bearish impact
Serum (SRM) Price Analysis
- Serum price is been bearish for quite a long time and hence it appears that the time for a massive breakout has finally approached
- After trading within a huge falling wedge, the asset is now closer to a breakout and tests the immediate resistance close to $1.5
- However, it may face bearish pressure but after a brief consolidation, the SRM price could quickly rise towards its target of around $2.3 to $2.4
Raydium (RAY) Price Analysis
- Raydium price dropped hard after reaching highs during the NFT boom in the last few days of Q3 2021
- The price has depleted nearly 96% and hence is following a consolidated trend for the past couple of months between the FIB 0 and FIB 0.23
- However, testing & clearing FIB 0.23 at $1.35 appears to be a tedious job, once done, a strong upswing may be imminent.
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