Cryptocurrency

Solana

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 <p class="paragraph">As the cryptocurrency market continues to press on into the green zone, Solana (SOL) is no exception, pushing further and further toward the psychological price target of $25.50, from where, should the digital asset surpass it, there is a strong chance of continuing the bullish move, as some cryptocurrency experts have noted.</p> 
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 <p class="paragraph">Specifically, as pseudonymous crypto market analyst <em>Crypto Tony </em>observed, Solana is fast approaching its next target at $25,50, and “we can then tick that off as the second target once hit,” according to the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> he shared in an X post on October 2.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/iroMJJRl3bu6fSroAqNHsQ2DRXdV5gRXI-uW-h4pbyGuAhjGQJr51ukTuZZwqtBidsVFsyWWLG2eYBBnnd8iEbwtSUbcGEVadeTkxoDbcGgT89jfmLJVlW01G4OMJl4pt5iGeatbIcgT0-Bwe181Oes" alt> 
  <figcaption class="wp-element-caption"> <em>Solana price action analysis. Source: </em><em>Crypto Tony</em> 
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 <p class="paragraph">After Solana presumably surpasses this critical <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target, the expert said he would “then be assessing whether the bulls can take it to the next level and hit those highs” (at around $30 from mid-July).</p> 
 <h2 class="wp-block-heading" id="h-is-100-possible">Is $100 possible?</h2> 
 <p class="paragraph">Earlier, on October 1, <em>Crypto Tony </em>shared his quite enthusiastic <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> goal for Solana, which saw the seventh-largest digital asset by market capitalization reaching $100 “next week,” although some of his followers disagreed with such a prediction.&nbsp;</p> 
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
    <p lang="en" dir="ltr">SO $100 $SOL / #Solana NEXT WEEK </p>— Crypto Tony (@CryptoTony__) October 1, 2023 
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 <p class="paragraph">However, as others have highlighted, such a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target for Solana is far from impossible, as, at its all-time high (ATH) on November 7, 2021, the digital asset was changing hands at nearly $260 – at the same time when Bitcoin (BTC) was trading above $60,000.</p> 
 <h2 class="wp-block-heading" id="h-solana-price-analysis">Solana price analysis</h2> 
 <p class="paragraph">Meanwhile, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Solana at press time stood at $24.11, which represents a significant daily gain of 10.55%, in addition to increasing its value by 24.03% across the previous week and growing 23.33% on its monthly chart, according to the latest information retrieved on October 2.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh4.googleusercontent.com/4UB3zUQfUHnREaJBgwpXEWmWkvAyuIpBap_x-tKZyWMObtcpGDo-FeemtKLHLMyMWmeDgV_jOd1YHYPRkK35rQlWsZUoi6AF2ZpggVEP_xzUEgPOeCWNNl5qH2q_587IQyaE6y4QFWw_UzKHCDwQq3I" alt> 
  <figcaption class="wp-element-caption"> <em>Solana 7-day price chart. Source: </em><em>Finbold</em> 
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 <p class="paragraph">Indeed, with its recent pump, Solana has broken through the 200 exponential moving average (EMA), particularly important considering that the asset has recently gone through heavy shorting, and the upward move could be the effect of a short squeeze.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-rockets-toward-25-what-s-next-for-sol-price-tbt64794.html">https://thebittimes.com/solana-rockets-toward-25-what-s-next-for-sol-price-tbt64794.html</a></p>

Solana rockets toward $25; What’s next for SOL price?

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