SOL/ETH Price Analysis: Can Solana Price Post a 2021-Like Bull Run?


Quick Summary:

With investors anticipating a series of interest rate cuts in the United States starting in September, Solana price may surge ahead of other cryptocurrencies, potentially reaching $200.

The SOL/ETH currency pair traded within a tight range as liquidity woes challenge global markets, including crypto.

A break below the 200-day EMA on the SOL/ETH pair could trigger another sell-off, with altcoins bearing the brunt.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: IndiaUnited States

Topics: Solana Price Analysis Ethereum (ETH) price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 17:14:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22231452

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