Analytics Company Provides Technical Analysis for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) – What Are They Expecting?

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Bitcoinsistemi2024/09/24 18:12

By:Mete Demiralp

Cryptocurrency analysis company MarktQuant shared its expectations for Bitcoin and some altcoins in its statement.

MarktQuant, a cryptocurrency analytics firm, has published its daily assessment of the altcoin market, focusing on core assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the ETH/BTC pair.

According to MarktQuant’s analysis, Bitcoin (BTC) is currently at its mean valuation with a standard deviation of +0.25, which positions BTC in a bullish consolidation phase and points to strong potential for future growth, according to the report.

The valuation for Ethereum (ETH) is sitting at -0.40, which suggests that ETH remains undervalued relative to its price zones.

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Solana (SOL) also caught the attention of MarktQuant, which set an intra-cycle valuation score of -0.78. According to the firm’s systems, this suggests that SOL is slightly undervalued and points to a potential price increase.

MarktQuant’s analysis shows that the ETHBTC pair is slightly undervalued with a score of -0.59. This undervaluation could indicate relative strength for ETH in the coming periods.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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