Solana has gained strength: What is the short-term target?
A short-term bullish expectation has emerged for Solana (SOL), which is considered Ethereum's biggest rival.
Expectations are increasing for SOL, which has fallen by nearly 8 percent in the last seven days. Crypto analysts predict that the Solana blockchain, which hosts the memecoin craze, will come to the fore more in the coming days.
Crypto analysis platform AMBCrypto reported that Solana is on the verge of a potential breakout. The analysis stated that technical indicators are in a downward trend, but a trend reversal could occur at any time.
Crypto analyst Curb predicted that the SOL price could rise in his post on X. The analyst, who said, "Prepare yourself mentally for the greatest year of your life," stated that the accumulation phase, which has been going on for 225 days, will soon end. The accumulation phase in SOL created a bullish formation on the price.
Santiment reported that the sentiment in Solana showed a sharp decline last week. On the other hand, social volume increased, reflecting Solanaâs popularity in the crypto space.
Commenting on current indicators, AMBCrypto reported that a potential rally is on the way. The analysis in question said;
âIndicators pointed to a price drop in the coming days. If this happens, investors can expect the token price to fall to $ 127. On the other hand, if the bulls take over, $SOL could soon begin its journey towards $ 162. A break above this point could take the popular coin to $ 187. â
#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #MogulProdustions
