Cryptocurrency analysis firm MarktQuant has released its latest market evaluation and trend update for Bitcoin, Ethereum, and Solana.
According to the firm’s proprietary quantitative valuation model, Bitcoin’s valuation has strengthened, suggesting an uptick in trend momentum. However, a recent failed attempt at a bullish continuation has caused the system to remain long but with a weakening trend. Ethereum, on the other hand, has shown slight improvements in positive momentum but remains in a neutral position.
Solana has experienced a significant rebound, prompting the system to shift from a long to a cash position. This suggests a reduction in downside pressure, and if momentum continues to pick up, Solana may re-enter a long trend signal.
