Solana (SOL) Could Experience a Major Bull Run
A cryptocurrency strategist believes that Solana (SOL) may soon see a “mind-blowing” parabolic surge upward after forming a reversal pattern on its low time frame chart, leading the token to be the fourth largest digital asset by market capitalization.
Solana’s Ecosystem Sees Growing Adoption
Solana’s ecosystem is seeing significant adoption after the collapse of cryptocurrency exchange FTX, which had affected the token and its ecosystem. The rise comes as its Saga smartphone, which once saw sluggish sales, sold out after offering a 30 million BONK token airdrop for each new owner of the phone.
Analysts Predict SOL’s Price to Rise
Analysts predict that SOL’s price may continue to rise, after a cryptocurrency strategist predicted a major surge for it in the near future, suggesting that some “high timeframe sideways” movement may occur before “the next mind-blowing parabola leg.”
Hot Take: Solana Expected to Continue Its Surge
As the SOL token continues to see growth and is gaining popularity, a cryptocurrency strategist has predicted that a significant surge could be on the horizon for Solana, leading to a bullish run in the near future. The rise comes amid the growing adoption of the SOL ecosystem and the potential for the token’s price to increase even further.
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