#Solana ( $SOL ) to the moon 🚀🌕 Why I think that the price of Solana ( $SOL ) will increase and go over 320 US-Dollar+: ⬆️
📈 Fundamental analysis:
+ Altcoins like Solana ( $SOL ) often follow Bitcoin's bullish trend => Bullish
+ S&P 500 reached a new all-time high a while ago (5'100+ US-Dollar) => Bullish
+ Federal Reserve stopped changing their interest rates signaling that they achieved their goals => Bullish
+ Bitcoin Halving on the 4th April => Bullish
📈 Technical analysis:
+ Bullish Trendlines on the weekly chart => Bullish long-term trend
📈 Good quotes:
"The Trend is Your Friend",
"Sell in May and go away" -> likely the upcoming 2024 United States presidential election will cause some FUD (Fear, Uncertainty and Doubt), resulting in a higher volatility for that timespan (summer-autumn)
“First millionaires of the Gold Rush were not the diggers but those who sold them shovels and picks.”
Only time will tell and this is just my opinion after all "The Market Is Always Right"
#SOLUpdate #soldusdt #Bullish #TechnicalAnalysis
Target: 320 US-Dollar+
