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CDS Crypto News Solana Price Crossed the $70 Threshold: Now the New Target is to Cross $100

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Solana Price Crossed the $70 Threshold: Now the New Target is to Cross $100

Analysts predict that the Solana price will continue to rise towards $100 even after it has provided a critical breakout resistance over $71.

lectertodd08/12/20231 Mins read534

Solana Price Crossed The $70 Threshold: Now The New Target Is To Cross $100

Crypto News – Competitor of Ethereum Layer-1 Solana is still making audacious plays, shooting up another 15% and breaking through the critical $71 barrier.

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Solana Price Crossed the $70 Threshold: Now the New Target is to Cross $100

With a market value exceeding $31 billion, Solana (SOL) is currently trading at $73.63. Solana’s weekly gain has reached over 20.96%, while its monthly rally has reached over 65%, amidst the robust bullish trend.

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), two popular indicators, are currently displaying positive indications. These signals are consistent with optimistic estimates that Solana’s price will rise beyond $75.

SOL Price Has Not Increased This Much Since November 2022

Analysts anticipate a further 30% surge in SOL, with a minimum price objective of $90, since the price has already overcome significant resistance levels. Crypto expert Ali Martinez warned of possible profit-taking and a collapse to $47 if $60 support falls in a message from yesterday, but he also claimed that a breakout over $68.2 may push $SOL above $90.

After cooling off for three weeks from its mid-November peak, Solana (SOL) jumped more than 8% to $69, its highest level since May 2022. The CEO of the BitMex exchange and cryptocurrency investor Arthur Hayes made a prediction on X on Tuesday regarding the price of altcoins, anticipating that they would rise to $100.

Sources:coingape

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Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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