The post Solana to the moon? Crypto expert predicts SOL at $90 appeared on BitcoinEthereumNews.com.

In line with the recent upswing in the overall cryptocurrency market, Solana (SOL) has followed suit, experiencing a growth of over 60% in the past month. Investors might wonder what the next price target for this digital asset is. The importance of Solana closing above $68.2 and a support level of $60 as a driving force towards the $90 threshold is highlighted in the post on X from cryptocurrency analyst Ali Martinez on December 7. Solana’s potential resistance and breakout zone chart. Source: Ali Martinez Since then, SOL has surpassed this threshold and closed at a price range above this prediction, indicating a continuation of its bullish momentum for the time being. Bullish indicators for Solana Solana has experienced some noteworthy positive indicators in the previous 24 hours, as it has showcased its potential continued rise through the sudden surge in its total value locked from $600 million to $833 million, as per data provided by Step Data Insights on December 8. Solana TVL increase. Source: Step Data Insights Additionally, SOL has also become a second cryptocurrency by decentralized exchange volume, experiencing weekly gains amounting to 67.38% and over $3 billion in trading volume, as per information provided by The DeFi Investor on December 8. Solana 7-day DEX volume increase. Source: The DeFi Investor These notable achievements and the previous analysis of Solana’s potential to surpass the $90 threshold spell out an optimistic outlook regarding the potential future price range. Solana price analysis At the time of press, the price of Solana stood at $71.53, up 13.97% on the day, adding onto the gain of 16.30% across the previous 7 days and a more significant increase of 65.18% on its monthly chart. Solana 7-day price chart. Source: Finbold This crypto is showcasing solid fundamentals, with a price increase of 433%…

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Filed under: News - @ December 8, 2023 12:18 pm