Solana (SOL)
The “Ethereum Killer,” Solana‘s mainnet asset SOL appears ready for a bull run this week. SOL’s price trend shows a potential double bottom at the 50% Fibonacci level, supported by the 50-week EMA. This formation indicates a bullish outlook.
Last week, SOL jumped by 12%, with an additional 2.97% increase during the day, indicating strong momentum. If SOL surpasses the 61.80% Fibonacci level at $158, it could initiate a bull run towards $200. According to Fibonacci levels, SOL has the potential to reach $400, marking an all-time high this year.
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