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Reading: Solana (SOL) 28-31 October Price Predictions, General Market Commentary
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EdaFace Newsfeed > Latest News > Altcoin News > Solana (SOL) 28-31 October Price Predictions, General Market Commentary
Altcoin News

Solana (SOL) 28-31 October Price Predictions, General Market Commentary

vitalclick
Last updated: October 29, 2024 12:46 am
5 months ago
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Ethereum $2,505one of the biggest competitors of Solana (LEFT) again BTC mobilized with its rise. Even though ETH remains relatively calm, SOL Coin price is above $173. Cryptocurrency investors believe that the expected upward trend will begin after the US elections, which are just days away.

Bitcoin (BTC)How Many Dollars is Solana (SOL)?

Bitcoin (BTC)

For overall market recovery Bitcoin (BTC) $68,187It is necessary for it to exceed its peak in 2024. If BTC can exceed the $ 73,777 level, it will be expected that investors who are left on the sidelines with the excitement of the new ATH journey will also stimulate demand. Google search trends are low despite prices being at higher levels, reminding us that a bigger rally is possible.

In today’s market analysis, Jelle said that the days are approaching when everyone will see him as an “investment genius”. Since there is now a break in the chart targeting 90 thousand dollars, it seems that the price will constantly climb to higher levels.

“Looks like soon everyone will be geniuses again. Bitcoin appears poised for price discovery.”

Mustache shared the chart below, saying “here is what we want to see.” There are many analysts who draw attention to the cup handle model and he is one of them.

“This is what you want to see.

BTC successfully completed yesterday’s weekly close above the lower handle. This Cup and Handle has been in the making for 3.5 years! There are US elections next week. Somehow it all fits together perfectly.”

How Many Dollars is Solana (SOL)?

At the time of writing SOL Coin price It is available at $173. We mentioned that $188 is the key point before the big rally at every opportunity. It attempted to rise from the $138 level many times. SOL Coin Now it’s lingering at the key point again.

Essentially, this is extremely good for the general market as well as for SOL Coin, because such rises in altcoins with large market caps help everything rise. The biggest advantage for SOL Coin is the potential for the rally to become even stronger with the expected increase in the BTC price, with the support of meme coins in its ecosystem.

Carl marked $185 as a key resistance point on today’s chart and mentioned that closes above it could trigger upside potential of up to 62%.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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