Solana (SOL) Gearing Up: Is a New Surge on the Horizon?
Solana remained stable above the $175 level. SOL price is now recovering losses and facing hurdles near the $200 and $205 levels. SOL price started a fresh increase after it tested the $175 zone against the US Dollar. The price is now trading above $190 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $185 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Eyes Upside Break Solana price formed a support base and started a....
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Solana has recently registered some minor gains rising by 5.05% in the past seven days. However, this fair positive form follows a period of significant market decline seen in the majority of the last 30 days. According to renowned market analyst Ali Martinez, Solana is well-placed to maintain its current uptrend with some serious potential […]
A crypto analyst has predicted that Solana (SOL) is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800. Solana Sets Sight On $1,800 Price Increase In a recent X (formerly Twitter) post, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding Solana’s future price outlook. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs. Related Reading: Here’s Why The Bitcoin Price Crashed Below....
The price of Solana (SOL) has continued to enjoy a steady recovery after going down nearly 95% in 2022, partly due to its association with Sam Bankman-Fried and his collapsed ventures, FTX and Alameda Research. Solana’s Price Surges 100% In Q1 2023 In the first quarter of 2023, Solana’s price experienced a significant surge of 104%, reaching approximately $20.60 per SOL. This growth rate outperformed every other cryptocurrency in the top 25, including Bitcoin BTC ($27,946) and Ether ETH ($1,849). Solana’s price performance in January 2023 surpassed any other month since....
Solana price action is at a critical juncture, with the cryptocurrency testing market’s patience, it hovers just below the pivotal $194 resistance level. This threshold has emerged as a significant hurdle as bulls struggle to sustain enough momentum to power a breakout despite recent attempts to push higher. The current phase of consolidation raises important questions about Solana’s next move. A successful breakout above this level could signal the start of a fresh rally, propelling the price toward new highs. However, failure to breach $194 might result in prolonged sideways....
Solana (SOL) continues to dominate the crypto chatter with its recent ascent to an 18-month pinnacle, nearly hitting the $70 mark and capturing the gaze of eager investors. The limelight on the crypto extends beyond its price surge, as DefiLlama reports a noteworthy surge in the trading volume across Solana’s decentralized exchanges (DEXs). In the […]