Solana (SOL) has been on a decent bull run over the last few weeks. After tanking to around $60 just the other day, the altcoin has been rallying, and it doesn’t seem like the momentum is about to stop. Here is what we know so far:
Solana has surged above $100 for the first time in weeks
The bull run has smashed past several key overhead resistance zones.
The coin is likely to settle at $130 in the near term.
Data Source: Tradingview
Solana (SOL) – How will the momentum play out?
The broader crypto market has been doing quite well as we wrap up March. But altcoins like SOL have seen more gains. The coins have also had a brutal start to the year. Even though we have seen rallies here and there, the general trend for SOL and other altcoins has been very bearish.
But SOL appears to have reversed that trend. After bottoming to around $60, it seems like bulls have now taken over. Also, SOL has smashed past several key overhead resistance zones, including the $95.
The goal now for bulls will be to get the coin above $105. If this happens, it is likely that SOL will continue surging before finally settling at around $130. However, this thesis will be invalidated if bulls are not able to keep the price action above $95.
Why Solana (SOL) is a good buy?
Solana (SOL) has remained one of the hottest crypto assets on the planet. It is touted as the Ethereum killer thanks to its faster transaction speeds and low gas fees. The recent dip basically gave investors the chance to buy on the cheap.
But overall, Solana is expected to smash well above $200 somewhere this year and end even further higher by the time we cross into 2023. For any investor, owning SOL is highly recommended.
The post Solana (SOL) shoots above $100 – Where will the bull run end? appeared first on Coin Journal.
Check live crypto rates here
Start trading today – See our list of exchanges
Deference to article author, some superb information .
After research a number of of the weblog posts in your web site now, and I truly like your approach of blogging. I bookmarked it to my bookmark web site checklist and will be checking back soon. Pls check out my site as nicely and let me know what you think.
Well I sincerely enjoyed studying it. This tip provided by you is very constructive for proper planning.
The following time I learn a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my option to learn, however I truly thought youd have something fascinating to say. All I hear is a bunch of whining about something that you could possibly fix when you werent too busy looking for attention.
You made a number of fine points there. I did a search on the theme and found mainly folks will agree with your blog.
I have not checked in here for some time because I thought it was getting boring, but the last few posts are good quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Hello there! This post could not be written any better! Reading through this post reminds me of my old room mate! He always kept chatting about this. I will forward this post to him. Fairly certain he will have a good read. Thanks for sharing!
Thank you for sharing with us, I think this website genuinely stands out : D.
There is clearly a bundle to identify about this. I assume you made some nice points in features also.