In the top 35 coins, Solana has been the biggest gainer at over 40% in the past week, and despite a slight correction today, the price looks set to regain momentum.
Analysts have pointed out that the crypto has been consolidating in the past few days in a closed range and expect the price to shoot to $75 in the near future.
It’s been a good few months for most cryptos, from Bitcoin and Ethereum to XRP and Cardano. However, no major cryptocurrency has had a better run than Solana. After tanking as FTX collapsed, SOL has picked itself up and brushed aside its struggles. It has now set a new one-year high on the back of 40% weekly gains as analysts predict $75 in the near future.
SOL is trading at $57.72 at press time after dipping 3.28% in the past 24 hours. The dip wasn’t limited to Solana, however, as most major cryptos saw a wave of red after weeks of upward movement. Despite this slight dip, SOL has clocked 43% gains in the past seven days—its best weekly run since January 2023
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