Bitcoin and the broader cryptocurrency market rallied with the Bitcoin ETF applicants submitting their final applications to the U.S. SEC on Monday, January 8. Some altcoins have witnessed strong bounceback, especially, the likes of Solana (SOL) XRP, avalanche (AVAX), and Cardano (ADA).
The Solana Price Rally
After hitting a high of $123 on Christmas last year, Solana (SOL) has been facing strong selling pressure since the beginning of 2024. As a result, the Solana price tanked under $90 earlier this week on Monday. However, the SOL price gave a strong bounceback of 12.98% at $102 with a market cap of $44.3 billion.
In a recent analysis, crypto analyst Ali Martinez highlighted intriguing developments in the price chart of Solana ($SOL). On the hourly chart, Martinez observed indications of a potential bull flag formation, a technical pattern often associated with bullish trends.
According to Martinez, a crucial factor for triggering a significant upward move in Solana’s price would b
We współpracy z: https://coingape.com/solana-sol-and-xrp-gearing-up-for-a-mega-rally-in-2024/
