Select altcoins continued with the Q4 rally after the release of the United States Consumer Price Index (CPI) data on Tuesday. This bullish outlook included tokens like Solana (SOL) up 20%, Chainlink (LINK) up 5%, Avalanche (AVAX) up 17%, Cardano (ADA) up 4.2%, and more.
However, the two most prominent cryptos Bitcoin (BTC) and Ethereum (ETH) appear sidelined, barely changing over 24 hours.
Solana Price Blasts Past $60
Solana is among the biggest gainers on Wednesday, following another impressive move above $60. The correction to $50 earlier this week allowed sidelined investors to book positions in SOL. Traders also jumped on the bullish bandwagon, anticipating a larger breakout.
In the previous analysis, we discussed how institutional investors were flocking to Solana’s related products, increasing assets under management by $12 million.
With a higher support above the grey band, Solana could be ripe for more gains targeting $100.
The Moving Average Convergence Divergence (MAC
We współpracy z: https://coingape.com/markets/solana-price-prediction-as-defi-tvl-surges-to-557m-bullish-signal-to-100/
