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Analyst Eyes $387 For Solana As Key Support Levels Strengthen—Details Newsbtc 3 hari yang lalu

Analyst Eyes $387 For Solana As Key Support Levels Strengthen—Details 🚀

Solana Bitcoin

Despite market turbulence, Solana (SOL) is demonstrating resilience by maintaining critical support levels that analysts believe could propel its price to $387 in the coming months. Currently trading at around $204, Solana's ability to support its base near $200 suggests a potential spike ahead.

The altcoin has exhibited a nearly 3% rise in the past 24 hours, buoyed by a rising market value exceeding $98 billion. Cryptocurrency researcher Ali Martinez notes Solana's testing of a strategic support level within a parallel channel. Holding above this threshold could further consolidate uptrend momentum.

Solana's rapid network growth is another exciting factor. With over 5 million new addresses generated in a single day, increased on-chain activity could drive demand for SOL, reinforcing its bullish outlook. Some analysts, however, advise verifying on-chain data before making investment decisions.

If Solana reaches $387, it will have achieved a 91% increase, mirroring Bitcoin's price trends. The path forward may depend on a conducive macroeconomic environment, network upgrades, and Bitcoin surpassing $105,000.

While the prospects are promising, volatility remains a concern. Traders should monitor Bitcoin's movement, market trends, and on-chain data to gauge Solana's next trajectory.

Sumber: www.newsbtc.com ↗

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