Ethereum

bullish

Solana

Movement

Bull Flag

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-reaches-all-time-high-against-ethereum/" data-wpel-link="internal">Solana Reaches All-Time High Against Ethereum</a> 
Solana’s price reached an all-time high against Ethereum on August 7, reminding <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> of its potential to break the $200 mark, a level not seen since March. 
<h2 style="text-align: justify" id="solana-s-price-movement">Solana’s Price Movement</h2> 
Data from Binance and TradingView shows that SOL’s price reached 0.06211 against ETH, marking an all-time high. Since June 23, the SOL/ETH pair has been showing higher price peaks on the daily chart, indicating potential further increases. 
Popular cryptocurrency investor DuoNine shared a weekly chart on August 7, suggesting a breakout based on a cup and handle formation: 
<blockquote> 
 If nothing changes for Ethereum, Solana will take its share. A breakout seems close. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377861" src="https://coin-turk.com/wp-content/uploads/2024/08/solana-sol-sol-coin-turk-com.png" alt="" width="501" height="230"> 
Solana’s market recovery has been better than most other cryptocurrencies. Since the low levels seen on August 4-5, SOL’s price has increased by over 15% against Bitcoin. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377860" src="https://coin-turk.com/wp-content/uploads/2024/08/solana-2-sol-coin-turk-com.png" alt="" width="505" height="351"> 
<blockquote> 
 SOL is a sentiment-driven cryptocurrency, and if the crowd shows disbelief, it may continue to rise. 
</blockquote> 
<h2 style="text-align: justify" id="will-solana-reach-200">Will Solana Reach $200?</h2> 
According to a four-hour chart shared by cryptocurrency investor Satoshi Flipper on August 7, Solana might move above the psychological resistance of $200 in its next upward movement. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377857" src="https://coin-turk.com/wp-content/uploads/2024/08/solana-4-solana-coin-turk-com.png" alt="" width="498" height="228"> 
Other analysts also believe that similar price breakouts could occur in different time frames. For example, popular <a href="https://en.coin-turk.com/bitcoin-price-correction-triggers-altcoin-volatility-sol-chz-ceek-analysis/" data-wpel-link="internal">crypto analyst</a> ZAYK Charts notes a bullish flag formation on the three-day chart: 
<blockquote> 
 SOL is moving within a Bull Flag on the 3D Time Frame. A breakout is expected soon. 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-377867" src="https://coin-turk.com/wp-content/uploads/2024/08/solana-3-solana-sol-coin-turk-com-1.png" alt="" width="504" height="247"> 
However, renowned analyst Hov shared another analysis on August 6, stating that if Solana fails to turn the $148 level into support, it could face a correction below $100 in the coming days or weeks: 
<blockquote> 
 SOL is still at a crucial level. If it can close above $148 on a higher time frame (HTF), I think it will move roughly to $180… 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-377856" src="https://coin-turk.com/wp-content/uploads/2024/08/solana-5-coin-turk-com.png" alt="" width="501" height="255"> 
As of the time of writing, Solana’s price is trading 41% below its all-time high of $260 seen in November 2021. SOL is trading at $146.81 after a 0.15% drop in the last 24 hours. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-reaches-all-time-high-against-ethereum/" data-wpel-link="internal">Solana Reaches All-Time High Against Ethereum</a></h5>
The post <a href="https://en.coin-turk.com/solana-reaches-all-time-high-against-ethereum/" data-wpel-link="internal">Solana Reaches All-Time High Against Ethereum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Solana Reaches All-Time High Against Ethereum

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