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 $360.</p>
<h2 class="wp-block-heading" id="h-solana-ready-for-long-run">Solana Ready For Long Run</h2>
<p>In a recent tweet, CryptoJack noted that Solana has formed a “rounding bottom” pattern over several weeks, indicating a potentially explosive move shortly.</p>
<p>The “rounding bottom” pattern, a bullish technical indicator, typically signals a trend reversal from bearish to bullish sentiment. This formation is characterized by a gradual price decline followed by a rounded base formation before a potential breakout.</p>
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   <p>Solana formed a rounding bottom pattern over many weeks and is primed for an explosion any moment now.<br><br>I entered a Long position on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
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<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/" target="_blank" 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/" target="_blank" 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/" target="_blank" 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/" target="_blank" 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

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