The post Solana (Sol) Price Poised For A Massive Surge To $600, Veteran Crypto Investor Hints appeared first on Coinpedia Fintech News
Solana has been making strong moves on the market recently as the price recovery keeps on sticking. With the recent price surge to $141.7, Solana seems to be making strong resistance at this price.
Meanwhile, a well-known crypto investor Crypto Jelle expresses bullish sentiments about Solana (SOL), drawing parallels between its current market behavior and its performance in the summer of 2021. He believes that Solana is supposed to surge to near about $600.
Solana Eyes For $600 Mark
According to Jelle, Solana has been consolidating for months, making lower highs while maintaining the same support area, a movement similar to those seen in mid-2021.
Jelle also mentioned that Solana recently bounced from the weekly Relative Strength Index (RSI) midlevel, just like it did in July 2021. This suggests Solana might be ready for a major price move.
Jelle is confident in this pattern repeating and has invested heavily in Solana, aiming for a $600 price target. This is much higher than its current price, indicating a lot of growth potential. With Jelle’s prediction, many in the crypto community are now watching Solana closely, hoping for significant returns.
Solana Suprass Ethereum
Solana (SOL) has once again proven its dominance in the cryptocurrency market by surpassing $2 billion in 24-hour trading volume. This achievement cements its position as the leading blockchain in trading volume, outpacing Ethereum and other major blockchain networks.
While Ethereum has long been considered the frontrunner in the blockchain space, currently its trading volume stands at $14.3 billion.