Solana SOL, which is targeting a $200 increase in July, has maintained its bullish run. It increased by 7% within the past 24 hours. Several people have said that SOL could reach $200 by the end the week as the cryptocurrency is showing favorable metrics.
According to reports, Solana increased in price by over 20% during the last week. CoinMarketCap. With the current price of $167 the trading volume has increased almost 50% since the previous day. The token is expected to have a big breakout, according to many experts.
Please Read This: Solana SOL To $180? Analysts Suggest Breakout Is Coming
Solana’s Price to Hit $200 this Weekend?
Crypto analyst of note Ali Martinez X, formerly Twitter, was used to talk about the potential of Solana. Martinez has noted the potential of SOL. “the bull flag nobody is talking about!” Teh article featured a Trading View Chart that predicted a huge surge in crypto.
Martinez might be onto something. Solana is aiming to keep its 20% rise going as SOL targets the return to 200 in July. Token is testing resistance in 1D. It is nearing the resistance trendline for a descending triangular pattern, which increases the likelihood of multi-trend breakout.
Since this time last year, the fifth largest cryptocurrency has increased by more than 540%. But that may not be the end. SOL’s RSI data shows that it is overbought, yet also displays a bullish trend. This is probably due to the increasing positive sentiment the market holds for the token.
Please Read This: Solana (SOL): The Ethereum Killer Targets 21% Price Increase
Solana should rocket if they can escape the current zone of resistance. Around $181 would be the test level. It will then be heading towards its annual high of 200. The question is, however, what the possible ceiling for cryptocurrency could be.
In 2021, the token reached its highest point of $260. If the token does reach $200 in this month, that could be an achievable target. The asset could reach $200 this month. Ethereum ETF Crypto market to get boost from new crypto exchange set to launch next week
In addition, Solana Next in line to receive the investment product could experience a huge shift in attitude. There is no limit to what can be achieved. This could be the potential of becoming the third biggest crypto market.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
