Here I am holding on... so be it, I hope for that rise! 🚀🚀🚀
tuNNCay
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Bullish
Is Solana (SOL) Ready to Rise?
$SOL
In the past 24 hours, SOL’s price has dropped 15%, now standing at $178.11. Despite this decline, trading volume has surged by 29% to $9.19 billion, indicating strong interest from large investors focusing on Solana’s potential.
Based on my analysis, Solana’s key support level is at $214.08, while resistance lies at $260.93. If the price breaks above this resistance, a strong bullish trend could emerge.
What’s next? A spot Solana ETF approval could push the price between $300 and $1,000. However, regulatory uncertainty from the SEC might delay this process until mid-2025. Recent leadership changes and the resignation of the SEC Chair, though, have increased the chances of approval.
From my perspective, these developments present exciting opportunities. Keeping an eye on Solana’s long-term potential and making strategic moves at the right time could yield significant gains.
Remember, every dip is a potential setup for a major rally!
Is Bitcoin on the rise? This could be the start of a new rally 📈
In recent days, the cryptocurrency market has shown significant movements, and Bitcoin (BTC) has reached new all-time highs. Currently, the price of BTC is around $106,500, which has generated enthusiasm among investors and analysts.
This increase is attributed to several factors, including growing institutional interest and expectations surrounding the upcoming halving in 2024. Additionally, the recent electoral victory of Donald Trump, who has expressed his support for cryptocurrencies, has further boosted confidence in the market.
On the other hand, altcoins are also showing interesting opportunities. For example, Solana (SOL) has experienced notable growth, consolidating in a key range, which could attract new investments.
What strategies are you using in this market? Share your analysis or recent experiences in the comments. Remember: patience and good risk management are key to maximizing results. 🚀$BTC