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Will #Solana reach $450?
Solana price $SOL hits 3-month high
These 5 analysts expect a new yearly high
Solana (SOL) price has been rising rapidly since October 13 and is approaching its yearly high.
Solana price also broke an inverse head and shoulders pattern.
How long will it continue to rise?
Analysts are optimistic about Solana
Analysts at #criptomonedas have a predominantly bullish sentiment towards Solana.
Tradermayne believes the price will rise to $40. But his bullish analysis is conditional on a bullish weekly candle close.
Rager and DaanCrypto also noted the importance of the $38 horizontal resistance area, which coincides with the yearly high. This area has been crucial since 2021, supporting and resisting.
Finally, CryptoGodJohn believes that SOL price will eventually reach $250 in the long term and may even reach $450 if it reaches the market cap of #Ethereum
Will it reach the new yearly high?
The daily time frame shows that SOL price has been trading within an inverse head and shoulders (IH&S) pattern since February.
The IH&S is considered a bullish pattern, which usually leads to breakouts.
Today, SOL price is in the process of breaking out of the pattern neckline. A daily close above $26 will confirm the altcoin's breakout.
#crypto2023 #CryptocurrencyScandal $BTC #BinanceLaunchpool

⚖️🔒 Former FTX CEO Sentenced to 25 Years in Prison for Multibillion-Dollar Fraud! 💼💰

Today, the cryptocurrency sphere was stunned by startling news as Sam Bankman-Fried, the former CEO of FTX, received a substantial 25-year prison term for orchestrating a multibillion-dollar fraud scheme. The trial, conducted under intense scrutiny, delivered a decisive verdict, showing no leniency. 🚔💼

In a statement echoing throughout the courtroom, the judge emphasized the massive losses suffered by investors, creditors, and clients – totaling $11 billion. With firm resolve, the judge made it clear that mere restitution would not absolve Bankman-Fried of his crimes. 📉💔

Bankman-Fried's pleas for mercy were disregarded as the judge underscored the seriousness of his actions, rejecting any notion of leniency. Despite recognizing his intellect and autism, the judge remained steadfast in his judgment, condemning Bankman-Fried for his pursuit of power and financial malfeasance. ⚠️👨‍⚖️

The cryptocurrency market, inherently volatile, experienced a turbulent reaction to the day's events. FTT, FTX's native token, witnessed a pump and dump phenomenon, surging by 13% before plunging by 20%. This manipulative activity highlighted the market's vulnerability to external influences and the lingering uncertainty surrounding FTX's future. 📈📉

While today's courtroom proceedings may not immediately alter the trajectory for FTX and its stakeholders, the repercussions are profound. As Bankman-Fried commences his lengthy sentence, the cryptocurrency community grapples with the fallout of his downfall, signaling a pivotal moment in the industry's development. 🌊💼

As the dust settles, uncertainties loom over the future of FTX and the broader cryptocurrency ecosystem. One thing remains clear: transparency, accountability, and integrity must remain central to prevent similar crises in the future. 💡🔐 #FTTonTrial #CryptocurrencyScandal 🚨💰

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⚖️🔒 FTX's Former CEO Sentenced to 25 Years in Prison for Multibillion-Dollar Fraud! 💼💰

Today, the cryptocurrency world was rocked by shocking news as former FTX CEO Sam Bankman-Fried was handed a hefty 25-year prison sentence for orchestrating a multibillion-dollar fraud scheme. The trial, held amidst a flurry of scrutiny, delivered a damning verdict, leaving no room for leniency. 🚔💼

In a statement that reverberated through the courtroom, the judge highlighted the staggering losses incurred by investors, creditors, and clients – a total of $11 billion. With a firm hand, the judge emphasized that mere compensation would not absolve Bankman-Fried of his crimes. 📉💔

Bankman-Fried's pleas for pity fell on deaf ears as the judge underscored the severity of his actions, dismissing any notion of clemency. Despite acknowledging his intelligence and the presence of autism, the judge remained resolute in his decision, condemning Bankman-Fried for his pursuit of power and financial crimes. ⚠️👨‍⚖️

The cryptocurrency market, ever volatile, witnessed a tumultuous response to the day's events. FTT, the native token of FTX, experienced a pump and dump phenomenon, soaring by 13% before plummeting by 20%. This manipulative movement underscored the market's susceptibility to external factors and the lingering uncertainty surrounding FTX's future. 📈📉

While today's court proceedings may not immediately alter the course of events for FTX and its stakeholders, the ramifications are profound. As Bankman-Fried begins his lengthy sentence, the cryptocurrency community grapples with the implications of his downfall, signaling a watershed moment in the industry's evolution. 🌊💼

As the dust settles, questions abound about the future of FTX and the broader cryptocurrency ecosystem. One thing remains certain: transparency, accountability, and integrity must remain paramount to safeguard against similar crises in the future. 💡🔐 #FTTonTrial #CryptocurrencyScandal 🚨💰
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