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Solana(SOL) Price Aims For Another 20% Jump, $100 Could Be Effortless

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Highlights

    Solana price yet again smashed a new all-time high above $80 manifesting a huge tendency to smash $100 soon

    The price is expected to consolidate for a while before pulling a huge leg up towards the set target

The bears have gained immense control over the crypto space at the press time as all the crypto assets have plunged with a decent margin. Amid the bearish divergence, Solana price rallied like a giant to smash a new ATH at $83.44 with a 15.22% jump. With the continued pace, $100 for SOL price may not be much distinct.

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The asset amazed the entire crypto space with a remarkable rally, being independent of the market conditions. With a drop in the Bitcoin price, most of the assets also initiated a downtrend. However, Solana formed a couple of bull flags that triggered a substantial uptrend. 

Also Read: Solana (SOL), Chiliz(CHZ) & Raydium(RAY) On The Brink of a Breakout! Here’s Next Price Level

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After ranging above $74 the price appeared to be exhausted and dipped close to $66, yet bounced notably. The start of the current day trade was pretty bullish as the asset rose nearly 12% in just 45 min to mark yet another bull run. Interestingly, the asset formed a couple of bull flags and is on the verge of spike yet another 12%. 

The immense building buying momentum could uplift the SOL price towards the initial set target at $100. However, the Solana price appears to continue surging towards the north after achieving a 3-digit figure. And hence manifest its strong attribute of being independant of the market fluctuations. 

Also Read: A Deadly Bounce Of Nearly 20% On Its Way For Dogecoin Price, $0.3 Could Be Inevitable

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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