Euphoria and FOMO drive Solana price to the moon, closing in on $120.
Cosmos deals with a critical barrier at $24, but gains to $28 are in the cards.
Solana is on another level of a bull cycle, rallying 450% from July lows. The token exploded past $100 last weekend and barely a day after resting support at $65. A daily close above $100 triggered another upward roll, with Solana almost closing the gap to $120.
Meanwhile, Bitcoin is resilient above the key support at $46,000 amid increased on-chain demand accumulation support, as reported by Glassnode. A catalyst is required to place BTC in the trajectory of $50,000, a move that may birth the next rally to $60,000.
Apart from a few selected altcoins like Solana, Cosmos, and Ethereum, the cryptocurrency market is underwater.
Solana:-
Solana’s winning streak from July only slowed down at $80, allowing the testing of supports at $70 and $65, respectively. Toward the weekend session last week, a recovery ensued, with the price moving to
Źródło: https://coingape.com/solana-cosmos-price-analysis-august-31-2021/
