bullish

Solana

Bitcoin

Momentum

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-momentum-drives-bitcoin-and-solana-upward/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Momentum Drives Bitcoin and Solana Upward</a><br></p>
<p style="text-align: justify">As the <a href="https://en.coin-turk.com/donald-trump-gains-ground-against-kamala-harris-in-upcoming-elections/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/crypto-market-summary-recent-developments-and-expectations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market experiences a positive atmosphere at the beginning of the week, Bitcoin’s ongoing struggle to breach the $70,000 resistance supports a bullish trend across the market. This positive momentum also influences many major altcoins, including <a href="https://en.coin-turk.com/solana-the-next-bull-run-and-the-potential-for-massive-growth/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>. The price movements of Solana have garnered attention due to the formation of a strong bullish chart and whale investments.</p>
<h2 id="market-experts-predict-400-solana-price">Market Experts Predict $400 Solana Price</h2>
<p style="text-align: justify">Market analyst CryptoBoss shared an optimistic outlook for Solana (SOL), predicting new peaks based on a cup and handle model. According to this model, Solana’s price is expected to see a significant upward movement. Currently, peak targets in the $300-400 range have become common for SOL Coin.</p>
<p style="text-align: justify">The increasing interest of cryptocurrency whales in Solana is observable through on-chain data. According to Lookonchain data, one whale wallet withdrew 153,511 SOL within the last week and immediately staked it. Similarly, another large wallet withdrew and staked 35,498 SOL, while another whale wallet added 13,000 SOL daily.</p>
<h2 id="sol-coin-price-analysis">SOL Coin Price Analysis</h2>
<p style="text-align: justify">With the market’s recovery, Solana has increased its price from $133 to $177, marking a 33% rise. Daily chart analysis indicates that this upward trend may continue.</p>
<p style="text-align: justify">Solana’s market strength and the interest of large investors may play a decisive role in future price movements. Technical analysis and on-chain data suggest that SOL has strong upward potential in the short term. At the time of writing, the price hovering around $179 is supported by Bitcoin testing $70,270. Targets above $188 include $210 and $256, which remain relevant.</p>
<p style="text-align: justify">In conclusion, Solana’s technical analysis data and the movements of large investors stand out in the cryptocurrency market. These factors could shape Solana’s future price movements and provide strategic advantages to market participants. Despite market fluctuations, Solana’s strong fundamentals and technical indicators offer potential investment opportunities.</p>
<p>The post <a href="https://en.coin-turk.com/market-momentum-drives-bitcoin-and-solana-upward/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Momentum Drives Bitcoin and Solana Upward</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Market Momentum Drives Bitcoin and Solana Upward

Table of Contents

COINTURK NEWS

Other articles published on Oct 29, 2024

Weekly Article Recap: 10/21-10/25

Bitcoin open interest nears $23B as analyst warns of BTC price euphoria

Ripple co-founder: Harris will have ‘completely different approach’ to crypto

Cardano Shifts Focus to Enhance Bitcoin as a Layer 2

Shiba Inu Burn Rate Skyrockets by 124%, Boosting Price by 8%

Sui Announces Integration with Google Cloud to Boost Real-Time Blockchain Data Access

Join our free newsletter for daily crypto updates!