Solana’s SOL is among the few leading cryptocurrencies whose price has been in the green in the past week. Currently, it trades at around $98 (per CoinGecko’s data), representing a 10% increase on a seven-day scale.
Some experts believe the token could be poised for a further rally, with the popular X (Twitter) user Ali being one example.
He presented a chart in which SOL seems to be “breaking out” from a certain descending parallel channel. The analyst claimed that holding above the $94 mark could lead to a price appreciation toward $113.
Solana Meme Coins are in the Spotlight
SOL might be up “just” 10% in the past week, but some Solana-based meme coins have made the headlines with astronomical surges lately. The latest sensation seems to be Wen (WEN), which soared to an all-time high today (January 29) following an airdrop from the decentralized exchange Jupiter.
