The price of SOL may rise to $300, with both technical factors and on-chain liquidity being double favourable information.

robot
Abstract generation in progress

[Bitpush] According to reports, analysts expect the price of Solana (SOL) to reach $300 before August, mainly benefiting from the recent bullish chart patterns and the $500 million on-chain liquidity raised by a certain ICO project.

Currently, the trading price of SOL is $163.43, which has risen by 12.87% in the past 30 days, with a market capitalization of $87.65 billion, solidifying its position as the sixth largest cryptocurrency in the market.

Technical analysis shows that the weekly chart of SOL/USDT indicates a potential bullish reversal, with the price having risen and trading above the 89-week EMA. Analysts point out that if SOL can maintain above the support level of 145 to 155 USD, it could rise to the range of 200 to 250 USD in the future.

SOL4.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Share
Comment
0/400
CryptoPhoenixvip
· 07-16 15:54
Lying flat and buying the dip waiting for a reversal, I am the phoenix reborn.
View OriginalReply0
ForkItAllvip
· 07-16 00:49
sol really can't hold on
View OriginalReply0
ChainSauceMastervip
· 07-14 03:59
Teacher Suo has started again.
View OriginalReply0
WagmiOrRektvip
· 07-14 03:56
Just do it when I tell you to.
View OriginalReply0
MysteryBoxOpenervip
· 07-14 03:56
Sigh, there is everything in my dreams.
View OriginalReply0
SolidityStrugglervip
· 07-14 03:55
With no hope of a surge, safety is a priority.
View OriginalReply0
SelfRuggervip
· 07-14 03:55
I'm laughing so hard again.
View OriginalReply0
PebbleHandervip
· 07-14 03:55
300? Dream on.
View OriginalReply0
ExecutionAndOnevip
· 07-14 03:48
bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)