Solana price has formed a triple-top pattern and a head and shoulders.

Theta Network has moved above the cup and handle pattern.

Hooked Protocol’s HOOK has surged above its all-time high.

Cryptocurrency prices moved sideways this week as the US dollar index continued its downward trend. Bitcoin rose above $23,000 for the first time in months while the total market cap of all cryptocurrencies rose to over $1 trillion. In this report, we will provide predictions for some of the top cryptocurrencies, including Solana, Theta Network, and Hooked Protocol.

Solana (SOL/USD) price has made a spectacular comeback as investors raise their bets that the blockchain will recover amid FTX woes. It has also been helped by the surge of NFTs traded in the ecosystem, as we wrote here. As such, Solana price soared to a high of $26.53, the highest point since FX imploded.

However, the 4H chart is sending a warning about the coin. A closer look shows that it has formed what looks like a triple-top pattern whose neckline is at $20.48. This pattern also has a close resemblance to a head and shoulders pattern. The two patterns are some of the most bearish patterns in the industry.

Therefore, there is a likelihood that Solana will have a bearish breakout in the coming days as sellers target the neckline of the two patterns at $20. This price is about 15% below the current level. It is also slightly below the 23.6% Fibonacci Retracement level.

SOL/USD chart by TradingView

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Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

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Theta Network and TFUEL prices jumped sharply as investors cheered the recent launch of Theta EdgeStore. EdgeStore is a new component of the Theta Edge Node software that is run by thousands of people around the world. Once fully launched, the platform will make it possible for people to store their documents and files in a decentralized manner. Some of the files that will be stored in it are NFTs, video, software packages, and metaverse projects among others.

Turning to the 4H chart, we see that the THETA price has been in a strong bullish trend in the past few weeks. It managed to cross the important resistance level at $0.9821, the highest level on November 27. This was an important price since it was the upper side of the cup and handle pattern that formed. Therefore, by measuring the distance of the upper and lower sides of the cup, we can show that Theta price has more upside.

THETA/USD chart by TradingView

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

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HOOK price has been in a spectacular rally in the past few weeks because of the remarkable popularity of Wild Cash. It rose to an all-time high this week, bringing the year-to-date gains to over 200%. The coin has moved above all moving averages and the previous all-time high of $3.40. Therefore, using the trend-following approach, the coin will likely continue rising as buyers target the important resistance point at $4. 

HOOK chart by TradingView

The post Crypto price predictions: Solana, Theta Network, HOOK appeared first on CoinJournal.

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