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    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

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    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

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    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

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Solana (SOL) Preparing for A New All-time High Above $200, Short-Term Remains Bullish

2021-10-22
in Altcoins
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Solana (SOL) Preparing for A New All-time High Above $200, Short-Term Remains Bullish
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Solana (SOL) has posed a stable rally over the past week and is trying to make its means into the top-ten crypto spot. As of press time, Solana is buying and selling at a brand new all-time excessive of $207.34 surging 15% for the second consecutive day in a row.

Solana, dubbed because the Ethereum competitor, has gained immense reputation over the previous few months. On a year-to-date chart, SOL has appreciated by 113x occasions registering a staggering 112% returns. With this transfer, the SOL cryptocurrency has managed to cross an important resistance of $195.

This confirms a robust bullish pattern and the truth that patrons aren’t involved about any downward strain.

Solana Nonetheless Not Within the Overbought Area

Over the past two days, Solana has witnessed sturdy buying and selling exercise on the world’s largest crypto change Coinbase. This exhibits the elevated reputation of Solana amongst buyers.

Talking to Forbes, Nick Spanos, cofounder of Zap Protocol, mentioned that the medium-term outlook for Solana nonetheless stays bullish. Spanos mentioned that Solana has attracted a number of new patrons over the previous few weeks with the variety of energetic token holders rising significantly. He additional added:

“With the token’s RSI hovering across the 55-60 degree, there isn’t a indication that sol is overbought and might be heading in the right direction for a correction. If the RSI continues to rise and goes above 70, that will counsel sol has grow to be overbought and is probably overvalued, within the quick time period a minimum of”.

Together with Chainlink, Solana can also be dodging the latest market correction whereas persevering with a robust journey to the north. The Solana blockchain platform is rising because the best choice for brand spanking new DeFi gamers available in the market because it continues to eat into the market share of Ethereum.

Together with Cardano, Solana (SOL) is likely one of the formidable rivals to Ethereum within the high ten record. We are able to anticipate SOL to interrupt previous its all-time excessive of $212.

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