Solana (SOL) broke its chains: It exceeded the critical level for the rally.
Bitcoin, which left $ 76,000 behind, has set the altcoin market in motion. The price increase in Solana (SOL) in particular did not go unnoticed. The popular altcoin, which broke $ 200 after a long break, has its eyes on a new peak. Can SOL, which has the wind behind it with the memecoin craze and ETF talk, continue its rise? Which levels should investors pay attention to during this process?
The memecoin craze is taking Solana ($SOL ) to the top
The memecoin trend in the Solana ecosystem for a few months has had a very good effect on the Solana price. SOL, which stood strong compared to other altcoins in the market's decline, managed to widen the gap during the rise. The popular altcoin, which stepped on the gas with the break of the $ 160 resistance, took a breath at $ 200. Solana, which changed hands at $ 199.48 as of the writing of the news, may rise towards $ 230.18 and $ 259.69 with the break of $ 214.99.
The elements to be considered in this process will be ETF discourse and the memecoin craze. Negative developments regarding ETFs or a decrease in interest in memecoins may create selling pressure for SOL. In such a scenario, declines towards $ 186.57 - 168.58 - 159.60 and $ 148.63 may occur, respectively.
The approval of Solana ETFs, a sharp decline in BTC dominance or an increase in memecoin craze may create a big explosion in the parity. In such a scenario, $ 500 may be targeted. This level will serve as an important resistance, especially from a psychological perspective.
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