Upcoming shifts in economic strategies are poised to have a profound impact on the cryptocurrency market. Experts suggest that these changes could propel Bitcoin to unprecedented levels, potentially soaring to a valuation of $250,000. As Bitcoin gears up for this remarkable ascent, attention is also turning to altcoins that may ride the wave to historic peaks, capturing the interest of investors worldwide.
Solana (SOL)
Over the past week, Solana (SOL) has surged by 20.17%. In the last month, it climbed 41.15%, and over six months, it increased by 39.27%. These significant gains highlight growing interest in Solana and suggest potential for continued upward movement.
Currently trading between $152.45 and $177.86, Solana’s nearest resistance level is at $193. If it breaks above this point, the next resistance is at $219. On the downside, immediate support lies at $142.46, with a secondary support at $117.05. The 10-day simple moving average is $199, which is above the current price range, indicating that the asset may rise to meet this average.
Technical indicators show mixed signals. The Relative Strength Index (RSI) is at 69.20, and the Stochastic is at 85.43, both suggesting that Solana is approaching overbought territory. However, the MACD level at 3.090 points to bullish momentum. If Solana surpasses the $193 resistance, it could advance toward $219, representing a potential gain of about 23% from current levels. Conversely, if it falls below the $142.46 support, it might decline toward $117.05.
