Bittime – Solana (SOL) has become one of the most popular cryptocurrencies in the market thanks to its previous price achievement.
The continued price increase, now hitting a new high of the year at $172, is attracting the attention of investors and traders.
Solana Continues to Reach a New Level
Solana managed to reach a new high in the last 25 months, reflecting strong positive interest from crypto investors. This also triggered the prediction from experts that this crypto asset will soon reach an all-time high.
Crypto Jelle, a crypto trader and analyst, shared his views on Solana's latest rally on X (formerly Twitter) while emphasizing the importance of the development.
The crypto analyst stated that “SOL has surpassed every significant level that prevents it from reaching new record highs.” This suggests that the digital asset could reach a new peak in a short period of time as only minor resistance levels remain ahead.
Jelle is optimistic about Solana, stating that she has been able to 'hold SOL comfortably since its price is at $20.' Furthermore, he mentioned that he 'has no plans to sell' his SOL holdings in the near future, demonstrating his confidence that the price of this coin will continue to soar.
Along with Solana's rise, Jelle believes the asset will attract many new retail investors. In addition, buying SOL serves as their entry point for future profits.
Based on his post: “SOL has broken through all major levels that are blocking new record highs. I have been holding this asset comfortably since $20, and I do not plan to sell it anytime soon. New retail investors will flock to Solana tokens, and buying SOL is their admission.”
According to Crypto Jelle, SOL is one of the largest assets in its crypto portfolio along with Injective (INJ). Jelle insists that both crypto assets are currently moving upwards, signaling the start of their bullish trend.
Furthermore, he claims that SOL and INJ have reclaimed the top position as “altcoin market leaders.” As a result, every other altcoin “will follow in their footsteps” in this bullish cycle.
Check the Crypto Market Today:
Solana can Break the Resistance Level?
Rekt Capital, a crypto expert, has shown Solana's potential to re-test the $208 resistance in a short period of time. At first, he underlined that SOL showed strength similar to the 2021 bullish cycle.
Since the digital asset broke into the green zone, its price has increased by more than 118%. This price increase also occurred after SOL managed to break out of the Ascending Triangle pattern, with an increase of more than 53%.
Therefore, he believes the '$208 resistance level may be tested again' in the coming months. So far, SOL has gained more than 23% in the past week, indicating increased buying pressure in the crypto market.
Also read How to Buy Crypto:
How to Buy Solana (SOL) on Bittime
You can buy and sell Solana (SOL) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti.
Solana (SOL) is available on Bittime with SOL/IDR market pair. To be able to buy SOL IDR on Bittime make sure you have registered and completed identity verification. In addition, also make sure if you have enough balance by depositing a certain amount of funds into the wallet. For your information, the minimum purchase of assets on Bittime is Rp10,000. After that, then you can buy crypto assets in the application.
Learn the complete guide on how to buy Solana (SOL) on Bittime.
Monitor the price chart movements of Solana (SOL), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies to find out today's crypto market trends in real-time on Bittime.
Also Read:
Ethereum (ETH) vs Solana (SOL): ETH/IDR and SOL/IDR Price Comparison
Solana Coin (SOL) Will Be Bought by Pantera Capital Worth Rp3.9 Trillion, SOL Price Increases?
Solana (SOL) 2024: A Comprehensive Guide for Beginners
DISCLAIMER: This article is of an informational nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. The price of crypto assets is volatile, where the price can change significantly over time and Bittime is not responsible for changes in fluctuations in the exchange rate of crypto assets.
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