Solana (SOL) Looks ‘More Bullish Than Before’ After Flipping BNB As 4th Largest Crypto

Quick Summary:

Following last night’s performance, crypto Trader Koz called SOL’s chart "one of the absolute best-looking charts out there.” The cryptocurrency’s surge above the $180 mark represents a breakout from an 8-month consolidation range that started after Solana hit its yearly high of $202.

However, it is key that Solana holds the $180 mark to continue its bullish ascend, as a rejection from this zone could see SOL’s price pullback to the $160 support.SOL trades at $186.9, a 4.12% and 27.56% increase in the weekly and monthly timeframes.

This performance fueled investors’ bullish sentiment on the cryptocurrency, with some market watchers predicting a bullish wave towards Q1’s highs.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: SOLUSDT 1620 solutions Solana Sol Btc Bitcoin US Elections BTC ATH Solana Bullish Binance Coin (BNB) Cryptocurrency Market News Crypto bull market Crypto trader Crypto market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 03:30:08 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23455559

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