Among the top cryptocurrencies, and with the exception of Bitcoin ($BTC), Solana ($SOL) is proving to be the most likely of the large-cap altcoins to lead the rest of the field higher. Outperforming $BTC, and rapidly gaining ground on Ethereum ($ETH), is $SOL about to fly much higher?
Soaring higher than any other cryptocurrency in the top-50 by market capitalization over the last 7 days, Solana is showing that after its 7-month price hiatus, it is ready to explode out of this sideways action and lead the rest of the crypto market upwards.
$SOL inverse head and shoulders target $202
Source: TradingView
The short-term view for the $SOL (SOL/USD) price shows that an inverse head and shoulders chart pattern is currently still playing out. The price has already been back to confirm the neckline breakout and so it might be expected that $SOL continues upward from here.
Up ahead is the descending trendline from the last 7 months of sideways price action. If $SOL can climb abov
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