The post SOL Price Analysis: Solana Jumps to $25, Will The Rally Continue? appeared first on Coinpedia Fintech News
Rising with the rumors of Blackrock ETF being accepted, the SOL price sustains the growth after Blackrock clears the smoke. With the petition from Blackrock under review, Solana’s market value rides with the high sentiment rally in the market.
As the altcoins gain momentum with the recovery in Bitcoin, a new altcoin season seems just around the corner. Further, the overnight growth supports the Solana price prediction, anticipating a bullish journey above $30 in the next altseason.
Following the channel breakout, the $25 resistance zone becomes a crucial overhead barrier for the SOL price rally. Facing rejection with long wicks formations, the huge supply present at the $25 mark keeps the breakout rally under check.
With the precious rejection leading to a drop to the 200-day EMA, the buyers reclaim momentum to challenge the zone. With a reversal from the 50-day
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