Top altcoins Ethereum (ETH), Solana (SOL), and XRP might be gearing up for strong bullish reversals. Crypto analyst Jason Pizzino sees potential for these coins to bounce back after recent market corrections.
Ethereum Eyes $3,000 Comeback
Pizzino believes Ethereum is on the verge of reclaiming the $3,000 support level. After hitting a low near $2,100, ETH showed strong buying interest. It recently closed above $2,700, a critical previous support level.
The key targets now are $2,950 and $3,100. Pizzino highlights a significant volume surge, suggesting strong market confidence. On the ETH/BTC chart, a potential double-bottom pattern is forming around 2.2%. This pattern often signals bullish reversals, hinting at more upside for ETH.
XRP’s Higher-Low Pattern Signals Strength
XRP could also be setting up for a bullish move. After bouncing from $1.80, Pizzino notes the formation of a higher-low price pattern. This pattern indicates growing buying pressure, even if the market faces short-term fear.
Currently trading at $2.51, XRP is down 7.3% in the last 24 hours. However, the potential for a higher low suggests that XRP may soon recover, driven by renewed investor interest.
Solana’s Reversal From Panic Lows
Solana recently dipped to a “panic” low of $176. Pizzino points out that such panic-driven drops often mark reversal points. Since then, SOL has rebounded to $205.
The next key resistance levels are $235 and $250. Closing above these levels would strengthen Solana’s bullish momentum. According to Pizzino, achieving these targets would put SOL in a strong position for further gains.
Final Thoughts
Ethereum, XRP, and Solana are showing signs of bullish reversals. Key price levels will determine their next moves. While recent dips have shaken the market, Pizzino’s analysis suggests that smart money is buying the dips, setting the stage for potential rallies.
Keep an eye on these levels—ETH above $2,950, XRP forming a higher low, and SOL reclaiming $235. These could be early signs of strong market rebounds.
