Solana and Fantom recover from a deep to new all -time highs

The central theses

• During the crash on Tuesday, more than $ 300 billion from the entire market capitalization of cryptocurrencies were destroyed.
• Solana and Fantom managed to survive the storm and to recover strongly.
• Both cryptocurrencies have achieved new all-time highs and lured investors in long positions.

Solana and Fantom have quickly recovered from the most recent flash crash in the market. Both assets are now at crucial levels of support that they could drive to higher highs.

layer 1 coins post V-shaped recovery

Solana and Fantom are among the old coins that have gained speed since the cryptocurrency market has experienced one of the steepest flash crash of the year.

Although more than 3.5 billion US dollars of liquidations created After the market burglary on Tuesday, some investors seem to have been used to go to one To buy discount. The behavioral analysis platform Santiment has pointed out that the mentions of "buy" and "dip" have gone up, which indicates a bullish tendency among private investors.

The significantly increased purchase pressure has enabled several digital assets to recover to new all-time highs.

Both Layer 1 projects have increased by more than 30 % in the last 24 hours and have a V-shaped recovery. Sol was able to reach a new milestone with $ 216, while FTM recorded a new all-time high of $ 1.94.

Another buying pressure could lead to both digital assets reaching higher maximum stalls.

Solana in the price discovery mode

The four-hour chart indicates that Solana tries to overcome a psychological level of resistance between USD 213 and 218.

In view of the considerable profits that this cryptocurrency has recorded in recent months, investors still seem to be careful with regard to a potential increase in profit. Only a four-hour candlestick closure over this barrier would signal the continuation of the upward trend.

By cutting through the region from 213 to 218 US dollars, Solana could attract a new wave of buyers that drives the prices further up. Based on the Fibonacci retracement indicator, Sol could target 237 USD or even $ 263 if the overhead resistance is broken.

It is absolutely necessary to pay attention to the 195 USD demand, since each downturn would indicate an incoming downhill impulse. If Solana loses this underlying level of support, a steeper decline in the direction of $ 170 to $ 160 could be imminent.

Fantom attracts investors

Fantom strongly bounced off the support brand of USD 1.15 after it had to accept a dive of 38 %. The interest bully impulse was significant enough to press FTM on a new all -time high of USD 1.94. Now the Tom Demark (TD) sequential indicator has issued a warning signal for investors who want to shop.

The TD setup showed an aggressive 13-way candle on the 4-hour chart, which can be regarded as a sales signal. An increase in sales pressure could drive Fantom in the direction of 61.8% or 50% Fibonacci retracement level. These levels of support are USD 1.58 or $ 1.50.

Regardless of the Bärische Formations, the level of USD 1.86 would play a decisive role in the upward trend of Fantom. A four -hour candle closure around this price could mark the entry of FTM into the pricing mode. Under such unique circumstances, investors should adjust to an upswing to $ 2.30 or even $ 2.56.