Solana Activity Surges: Is A Price Breakout Imminent? Analyst Foresees Rally To $150
Portfolio Pulse from Khyathi Dalal
Solana (CRYPTO: SOL) is showing signs of a potential price breakout with a 98.9% surge in monthly active addresses and upcoming ecosystem developments. Jupiter, a Solana-based DeFi aggregator, announced an airdrop of 1 billion JUP tokens and hinted at a memecoin launch. Solana Mobile is preparing to launch a second smartphone model. Crypto analysts predict that if SOL closes above $106, it could rally by 47% towards $150-$165. SOL is currently up 1.6%, trading around $98.
January 17, 2024 | 5:33 pm
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Solana's active addresses have surged, and with the announcement of a token airdrop and a new smartphone model, analysts predict a potential rally to $150 if it closes above $106. Currently, SOL is trading up at around $98.
The significant increase in active addresses and the anticipation of new developments such as the token airdrop and smartphone launch are positive indicators for investor sentiment. Analysts' bullish predictions based on technical analysis further support the potential for a price increase. However, the volatile nature of cryptocurrency markets means predictions should be approached with caution.
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