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.
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.
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.