Long

Solana

2024

Coin

<p>The post <a href="https://coinpedia.org/news/legendary-crypto-trader-predicts-solana-sol-breakout-to-360-soon/" rel="noopener noreferrer nofollow">Legendary Crypto Trader Predicts Solana (SOL) Breakout to $360 Soon</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p><p>Solana, often known as the ‘Ethereum killer,’ has been consistently rising, defying market trends, and establishing itself as a major player in the cryptocurrency world. It has surged an impressive 732.20% this year, which has attracted significant investor interest.</p><p>Looking at Solana’s phenomenal surge CryptoJack, a popular YouTuber and crypto trader, has made bold predictions for Solana (SOL), highlighting a notable technical pattern and forecasting a price surge to $360.</p><h2 class="wp-block-heading" id="h-solana-ready-for-long-run">Solana Ready For Long Run</h2><p>In a recent tweet, CryptoJack noted that Solana has formed a “rounding bottom” pattern over several weeks, indicating a potentially explosive move shortly.</p><p>The “rounding bottom” pattern, a bullish technical indicator, typically signals a trend reversal from bearish to bullish sentiment. This formation is characterized by a gradual price decline followed by a rounded base formation before a potential breakout.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>Solana formed a rounding bottom pattern over many weeks and is primed for an explosion any moment now.<br><br>I entered a Long position on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> and expect it to break ATHs this year! <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a><a href="https://t.co/ApUazaXXz5" rel="noopener noreferrer nofollow">pic.twitter.com/ApUazaXXz5</a></p>— CryptoJack (@cryptojack) <a href="https://twitter.com/cryptojack/status/1788063865751666803?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a></blockquote></div></figure><p>As per the Cryptozack analysis, Solana (SOL) is now <a href="https://coinpedia.org/price-analysis/sol-price-eyes-250-as-solana-enters-new-bull-cycle/" rel="noopener noreferrer nofollow">looking for a long position</a> and anticipates the cryptocurrency to surpass its all-time highs (ATH) this year. Currently trading around $146, CryptoJack’s price projection suggests a doubling in value for <a href="https://markets.coinpedia.org/solana/" rel="noopener noreferrer nofollow">Solana</a> to $360.</p><h2 class="wp-block-heading" id="h-analyst-s-bullish-outlook">Analyst’s Bullish Outlook</h2><p>An analyst has emphasized <a href="https://coinpedia.org/price-analysis/solana-gearing-up-for-a-significant-upward-movement-can-sol-price-make-it-to-175/" rel="noopener noreferrer nofollow">Solana’s bullish outlook</a>, citing critical support and resistance levels that reflect its strong performance. Over the past month, Solana has demonstrated positive momentum with 63% green days, indicating sustained upward movement.</p><p>Solana’s market capitalization has surged impressively by 10% since the start of 2024, soaring from $9 billion to $80 billion. This substantial increase underscores Solana’s growing prominence and attractiveness to investors.</p><h2 class="wp-block-heading" id="h-rising-popularity-in-meme-coin-success">Rising Popularity In Meme Coin Success</h2><p>Solana has gained widespread popularity within the cryptocurrency space, particularly for its success with meme coins. <a href="https://coinpedia.org/news/memecoin-bullrun-dogecoin-dogwifhat-pepe-price-prediction-this-week/" rel="noopener noreferrer nofollow">Memes coins</a> like BONK, WIF, and BOME have experienced significant value surges, contributing to Solana’s overall bullish trend.</p><p>With Solana riding various waves of explosive growth, the crypto analyst predicts an incoming wild bull run that could potentially multiply Solana’s value by thousands.&nbsp;</p><p>Also Check Out : <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana Price Prediction 2024 – 2030: A New Surge as SOL Eyes $500!</a></p>

Legendary Crypto Trader Predicts Solana (SOL) Breakout to $360 Soon

Table of Contents

CoinPedia News

Other articles published on May 8, 2024

Bitcoin Experiences Significant Backtesting Following Recent Price Dip

Chainalysis sets up regional HQ in Dubai amid local crypto boom

EIP-7702: Quantum-Resistant Upgrade for Ethereum Accounts

Ripple (XRP) lawsuit nears conclusion with SEC final response

BitMEX Partners With PowerTrade And Launch Option Trading Services To Compete Deribit!

Enjinstarter & vVv Partnership

Join our free newsletter for daily crypto updates!