Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains

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Thus, holding this position could become a springboard for a “sizeable advance.” Related Reading: Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000 Solana: Bullish Market Sentiment Market sentiment is cautiously optimistic around Solana as there’s a mix of both bullish and neutral indicators.

Looks like $SOL $SOLUSD held support at $120 This could become a rectangle capable of launching a sizable advance pic.twitter.com/id0eTzzsVW — Peter Brandt (@PeterLBrandt) September 20, 2024 Another veteran trader, Peter Brandt, echoed similar sentiments when he said that $120 has long-term support.

Related Reading: Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook Since Solana has reached the $151 mark after weeks of trading in the narrowed range of $130 to $139, analysts are now keeping an eye on what is going to come next.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaOmanPhilippines

Topics: Cryptocurrency Market News Sol Altcoins Crypto Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-22 @ 02:00:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22634066

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