Solana Bulls Gear Up for Next Rally Amid Rising Optimism
Solana's price has been on an upward trajectory, rising nearly 33% over the past month. This follows the broader market's resurgence since August 19. The cryptocurrency currently trades just below the $100 psychological mark and multiple observers expect a new rally soon.
Some analysts are more optimistic than others about Solana's future price. Ash Crypto believes that SOL is displaying 'one of the most bullish setups in crypto right now,' citing three major signals that have flipped in favor of the bulls. These include the first green monthly candle in 10 months, a bullish cross on the monthly MACD, and the monthly RSI breaking a two-year downtrend.
Other market observers are more cautious, however. X user BATMAN thinks SOL appears to be weakening, while Crypto with Haris ₿ believes that the asset's price could plunge to $80.