Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish
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Solana (SOL) led the crypto market recovery with a 30% bounce from its lowest price of $110. Market watchers highlighted SOL's strong performance, with some predicting new all-time highs. Analyst warnings included potential price drops below $140 support. However, if SOL reclaims key levels, it could rise between $150 and $166. Currently, SOL is trading at $148, a 10% surge in 24 hours.
Traders noted SOL's outperforming strength compared to Bitcoin and Ethereum. Pseudonymous trader Glitch Capital emphasized SOL’s favorable chart patterns. Eugene Ng Ah Sio and Crypto Jelle predicted new highs next cycle.
Despite the optimism, Ali Martinez pointed to a sell signal on the hourly chart, indicating potential drops between $135-$130. Altcoin Sherpa suggested another drop to $125 but acknowledged SOL's overall strength this bull run.
Source: www.newsbtc.com ↗
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