The post These Altcoins Can Explode If Solana Clears $200 appeared on BitcoinEthereumNews.com.

The Solana ecosystem is ripe with opportunities for investors to capitalize on and increase their yields before year-end. SOL is known for its explosive moves either up or but with the next bull run thawing, a breach of the psychological $200 resistance level could trigger a major upturn in select crypto projects. Tokens Likely To Explode As Solana Price Drops To Collect Liquidity Solana price is closing in on an important support level at $140 after clawing back gains accrued during this week’s brief trend reversal to $160. The 200-day Exponential Moving Average (EMA) bucks the demand area, implying that the next rebound could surpass $160 to form a new trend targeting $200. Traders will look out for a potential bounce from the 200-EMA support at $140 before the end of this week with intentions to buy and hold both in the short-term and long term. Day traders will have short-term goals at $150 and $160, but whales and other long-haul investors may want to hold onto the token at least until it is $200. While trading Solana promises massive returns, some coins within the ecosystem could yield more. Bonk (BONKL), Slerf (SLERF), and Popcat (POPCAT) are the best altcoins to buy before SOL price climbs above $200. All the tokens are trading at an impressive discount from the all-time high, which will ensure that investors significantly maximize profits. Bonk BONK is a top meme coin token on the Solana blockchain. It functions as a community-driven asset, fostering engagement and supporting various projects within the ecosystem. BONK plays a crucial role in promoting decentralization and community-driven initiatives, contributing to the overall health and vibrancy of the SOL network. Bonk price chart | Tradingview Investors can focus on the dollar-cost average strategy as Bonk price seeks support amid the sell-off in…

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Filed under: News - @ August 29, 2024 11:17 pm