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<p>Solana’s (SOL) price surge lately has sparked speculations that an altcoin season could be on the horizon as per various analysts. Solana has experienced a substantial rally, catching the attention of notable figures in the crypto space.</p>
<p>According to Michaël van de Poppe (@CryptoMichNL), a top crypto analyst, Solana has seen a “massive run.” In his analysis, van de Poppe <a href="https://x.com/CryptoMichNL/status/1768922158179242053?s=20" target="_blank" rel="noopener noreferrer nofollow">stated</a>, “Both the Bitcoin and USDT pairs have seen higher timeframe corrections, higher timeframe retests and continuation.”</p>
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<p>Van de Poppe believes that for altcoins, a correction ranging from 20% to 60% can be viewed as an entry point during a bull cycle. “For altcoins: 20-60% correction -&gt; entry point in a bull cycle,” he said. Notably, Solana corrected by 35% before rallying more than 2x higher, according to van de Poppe’s assessment.</p>
<h2 class="wp-block-heading" id="strong-potential-breakout-from-long-term-downtrend-strong"><strong>Potential Breakout from Long-term Downtrend</strong></h2>
<p>Besides, 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 (@el_crypto_prof), another top analyst, echoed a similar sentiment, highlighting a potential breakout for altcoins. In a <a href="https://x.com/el_crypto_prof/status/1768950922925756894?s=20" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, he stated, “A Breakout from a descending channel that is 2.5 YEARS in the making is happening right now.” Furthermore, he noted that the MACD indicator is “about to break the zero line at the same time. When this was the case in the past, there was always an Altseason.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="524" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-1024x524.png" alt="" class="wp-image-453651" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-1024x524.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-767x392.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-1536x785.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-2048x1047.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-293x150.png 293w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-685x350.png 685w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704-788x402.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-704.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>According to data from CoinMarketCap, Solana’s current price stands at $197.17, reflecting a 15.60% increase in the last 24 hours. This substantial daily gain further reinforces the upward momentum Solana is experiencing.</p>
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<p>As the crypto markets shifts, market participants will closely monitor Solana and other altcoins for potential buying opportunities. The observations from analysts like van de Poppe and 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 suggest that an altcoin season could be on the horizon, presenting the potential for substantial gains in this volatile and rapidly changing market landscape.</p>
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<p>The post <a href="https://captainaltcoin.com/solanas-price-rallies-why-sols-massive-run-could-be-a-prelude-to-altcoin-season-experts-highlight-these-key-metrics/" rel="noopener noreferrer nofollow">Solana’s Price Rallies: Why SOL’s “Massive Run” Could Be a Prelude to Altcoin Season – Experts Highlight These Key Metrics</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana’s Price Rallies: Why SOL’s “Massive Run” Could Be a Prelude to Altcoin Season – Experts Highlight These Key Metrics

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