Solana Poised to Become the 3rd Largest Crypto-Here’s When it May Mark a New Milestone

Share This Post

BREAKING: SOL flips BNB to become the 4th largest crypto by market cap

The post Solana Poised to Become the 3rd Largest Crypto-Here’s When it May Mark a New Milestone appeared first on Coinpedia Fintech News

The market participants have become extremely bullish over the crypto space, with Donald Trump winning the U.S. presidential elections. The Bitcoin price surged to hit a new ATH above $75,000, which helped the Solana price rise above $180 with enough bullish support. Besides, the DeFi TVL hits $6.4 billion as Raydium surges by 28%, with a decent rise in the number of daily transactions. 

The SOL price was stuck within a descending parallel channel and faced multiple failed attempts at piercing above the resistance. However, the positive rounds across the markets have initiated a strong ascending trend, which is believed to elevate the levels beyond $200 in the next few days. This may increase the possibility of a new ATH above $270 before the end of the year, and the price holds the potential to begin a 30% thereafter. 

The weekly chart of Solana suggests the price is at the foothill of explosion as the token rises over a crucial range. Besides, the breakout has elevated the levels above the bull flag, which may trigger a strong upswing. One of the major bullish indicators is the bullish crossover of the Ichimoku’s conversion & base line. Previously, when such a crossover occurred, the SOL price surged by over 1000%, elevating the levels from the levels below $20 to as high as $200. Besides, the RSI is also following a parabolic recovery, which reflects strong bullish backing from the bulls. 

Solana flipped BinanceCoin in terms of market capitalisation to become the 4th largest cryptocurrency. While the Bitcoin price appears to be primed to mark $100K in the upcoming bull run, the SOL price is also believed to mark a 4-digit figure as the token is about to break a bullish pattern, which may ignite a 100% rally to reach $500 in the upcoming bull run. Meanwhile, the possibility of reaching a 4-digit figure also remains elevated, as the Solana price has just flashed fresh bullish signals after 12 long months. 

Therefore, Solana’s (SOL) price appears to be primed for a 50% upswing initially to reach $300, which may further push the prices higher depending on the market dynamics. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Elon Musk Net Worth Soars to $348 Billion: Tesla and xAI Drive the Surge

The post Elon Musk Net Worth Soars to $348 Billion: Tesla and xAI Drive the Surge appeared first on Coinpedia Fintech News Elon Musk is the first name on the global billionaires list His current

Race to a Billion Offers Transparent Racing Prediction Platform with Earning and Passive Income Opportunities: Presale Has Started

The post Race to a Billion Offers Transparent Racing Prediction Platform with Earning and Passive Income Opportunities: Presale Has Started appeared first on Coinpedia Fintech News Race to a Billion

Still Early: Taylor Swift Remains More Popular Than Bitcoin for Now

Jon Erlichman, a BNN Bloomberg commentator, recently conducted an informal survey on the streets, asking several people whether they would prefer a ticket to a Taylor Swift concert or a bitcoin Most

Smart Money Picks: Top Altcoins That Could Double This Week

The post Smart Money Picks: Top Altcoins That Could Double This Week appeared first on Coinpedia Fintech News With the Bitcoin price likely to cross about the $100,000 mark this week, the altcoins

Mr Beast Finally Responds To Crypto Allegations, Oompaville Probes More

The post Mr Beast Finally Responds To Crypto Allegations, Oompaville Probes More appeared first on Coinpedia Fintech News In an exclusive interview between Oompaville and MrBeast, the latter

Cardano’s Charles Hoskinson vows legal action over Wyoming stablecoin snub

Cardano founder Charles Hoskinson has threatened legal actions over the blockchain network’s omission from the Wyoming Stablecoin project In a Nov 25 video broadcast on social media platform X,