Solana (SOL) Might Be Go-to Cryptocurrency Right Now
Solana has experienced significant growth of 20% over the past seven days. On Friday, the cryptocurrency blew up as much as 8.5%. Recently, Solana has broken through the 100 and 50 EMA resistance levels and maintained its position above the 50 EMA on the daily chart, indicating strong market performance. Is Shiba Inu Losing $0.000017? Three Solana Price Levels to Watch, Secret Bitcoin Chart Pattern You Shouldn’t Miss that Solana is forming a W pattern, suggesting a potential bull run.
According to Eric Balchunas, a senior ETF analyst at Bloomberg, the introduction of these Ether ETFs will likely lead to more crypto ETFs based on Ether and SOL. Balchunas expressed this expectation in a July 15 X post. A bullish triangle pattern is forming on Solana’s chart, historically indicating a potential breakout and significant price movement.
Source: Digital Coin News (digitalcoinnews.net)
