SOL: More Excitement to Come?
One of the most exciting cryptocurrencies in this market cycle has been Solana. From a lowly $8, SOL has risen to $152. Solana was the first to take off when no one expected it. For the last few weeks, Solana has traded sideways. Some believed SOL was losing momentum, and perhaps this was as far as it would go. Solana has proven otherwise. There is still much to come from this cryptocurrency. We can all see that with the price increase, SOL is still far from its November 2021 high of $260. Like BTC,
SOL has formed a cup with the possible beginning of the handle formation. If the handle forms over the next few weeks, this means only one thing - bullishness. Then again, the price may continue to rise without any formation whatsoever. No one can tell. A quick look at all the technicals, such as moving averages, Ichimoku Cloud, etc, all indicate a continued price rise. Do I think it will hit its all-time high? Yes. And as to when that will happen, your guess is as good as mine.
