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

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

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.