The post Will Solana Hit $210 Before Year-End? appeared first on Coinpedia Fintech News
The recent win of Trump in the US election has surges the growth of crypto tokens. On November 6, SOL touched $188 and displaced BNB coin from its fourth position. It has been moving in an upward channel for quite some time. Let’s analyze the market and see what the fourth largest crypto brings for its investors.
Solana’s Strong Technical Signals Point to Growth
On the technical side, Solana is showing encouraging signs. Currently, SOL is trading above its 20-day Exponential Moving Average (EMA), a key indicator of market optimism. This has drawn in buyers and built up positive sentiment. Since October 10, Solana’s price has been trending within an upward channel, though it briefly dipped below it on November 1. By November 6, however, it rebounded back inside the channel, signaling potential strength. Now SOL is facing resistance around $188, testing the power of this rally.
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