SOL Increased by 50 Percent, Crypto Analyst Says “More to Come”

#Solana📈🚀🌐 (SOL) made a significant increase of 50 percent last week. Thus, it became one of the most profitable crypto currencies. Crypto analyst Altcoin Sherpa predicted that SOL could reach $75 in the coming weeks after breaking out of important resistance levels.

Amidst a generally flat crypto market trend over the weekend, Solana (SOL) was a standout performer. Although Bitcoin fell below $37,000 and Ethereum hovered around $2,000, the overall market remained buoyant this month with the activity of many tokens.

#solana's price action was particularly notable as the token recorded an impressive 50 percent increase in value last week. This increase made him one of the top gainers of the week. Solana's continued bullish price action has shown that there is potential for another price increase soon.

Altcoin Sherpa, a leading crypto analyst with a significant following, recently shared his predictions for Solana's price trajectory this year. During the bullish run, #SOL successfully surpassed the key resistance level at $47.40, resulting in a significant increase in its price. The next major resistance level is pinned at $77.65.

Following this price rise, #SOL has traded in a consolidated range for the last two days. Altcoin Sherpa stated that he sees this consolidation as a positive sign that is generally indicative of a bullish trend in the market. This consolidation showed that a momentum had emerged that would take SOL to new heights.

Market indicators revealed that the #SOL price is rising steadily on the charts, with the averages rising sharply, indicating strong bullish trend. Altcoin Sherpa's analysis further underlined this optimism, suggesting that the current phase is an opportune moment for investors to buy, with expectations for SOL to rise to $75 in the coming weeks.
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