Lokesh Gupta
24-01-2025
The cryptocurrency market just hit a major milestone as former President Donald Trump signed a groundbreaking crypto executive order. In response, Bitcoin surged past $105,000, with top altcoins following suit in a wave of bullish momentum.
Solana (SOL) is riding the wave too, adding over 40% to its value this month. With bullish sentiment building and excitement growing around the potential launch of a Solana ETF, the big question remains—can SOL hit $500? The momentum suggests it might not be far off.
Solana's price is on the edge of a big breakout, with its price approaching the crucial $270 resistance level. If it closes the week above this mark, there’s plenty of room for growth. The buzz around SOL is real, and all eyes are on it as it heads into price discovery mode, with a target of $600 now in sight.
Solana is charting its own impressive path in the crypto world, mirroring Ethereum’s remarkable rise from 2016 to 2021. Analysts predict a potential 150% surge ahead, signaling explosive growth if the current fractal pattern remains intact.
With notable similarities between Ethereum’s and Solana’s 5-year cycles, Solana appears primed to follow Ethereum’s legendary rallies. Trading at $250 now, analysts suggest it could hit a target of $550 by the end of 2025 if the upward momentum persists.
Solana's (SOL) price is primed for a major move, with a target of $324 on the horizon! The 2-hour chart shows a symmetrical triangle pattern, and SOL has already broken out of it, signaling strong bullish momentum. A key resistance level at $266 remains the final hurdle. Once that’s cleared, bears could face significant pressure as the rally accelerates.
Source: TradingView
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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