Solana’s road to $140

Crypto educator Koroush Khaneghah recently suggested that SOL has a strong chance of reaching $140. With Bitcoin leading the current market upsurge and setting new cycle price highs over $51,000, SOL could follow suit with a surge of over 30% to hit the $140 mark.

Indeed, SOL has seen substantial growth over the past 30 days, surging by over 20%. Analyzing SOL's long-term chart suggests a parabolic recovery underway, potentially reaching the next resistance level at $130 shortly. Despite interim bearish actions, the buying pressure remains evident, with the Relative Strength Index (RSI) signaling bullish dominance in the rally.

Looking ahead, SOL appears well positioned to maintain its healthy upswing, aiming to approach levels close to $150 before the end of the first half of 2024. A recent development that further highlights SOL's bullish trajectory is the surge in open interest, which has surpassed a remarkable $1.75 billion.#TrendingTopic