Warren outlines support levels for Ethereum, Solana, and XRP
Analyst Tim Warren identified specific technical support zones for major altcoins, citing institutional adoption signals despite bearish price action. He linked XRP's decline to legislative uncertainty and highlighted NYSE moves on Avalanche.
Tim Warren outlined specific technical support levels for major altcoins, noting that Ethereum is trading just over $2,000 with key support zones at $2,100 and a lower fair value gap at $1,926. Solana is near $80, with Warren buying at $82 and identifying $74 to $75 as the next major support if Bitcoin loses its 200-day moving average.
XRP has dropped to $1.04, testing August lows. Warren attributed this decline to the low probability of the Clarity Act passing in the next two years given Democratic control of Congress. Chainlink is holding above $10, with a strong order block at $9.17 to $9.18. Near Protocol is trading around $3.70, with Warren targeting $3.40 and $3.20 as buy zones.
Warren cited the New York Stock Exchange's announcement that it will settle tokenized stock trading on Avalanche as a fundamental bullish signal. He viewed the divergence between this institutional adoption and bearish price action as evidence of institutional accumulation, recommending buying dips in these assets. Warren commented, "It is the head honcho. A lot of people buy crypto indices and then they just watch the Bitcoin chart."