bullish

Solana

Donald Trump

The market participants have become extremely bullish over the crypto space, with Donald Trump winning the U.S. presidential elections. The Bitcoin price <a href="https://coinpedia.org/price-analysis/bitcoin-hits-75000-as-donald-trump-ahead-in-race-to-the-white-house-here-are-the-key-levels-to-watch/" target="_blank" rel="noreferrer noopener">surged to hit a new ATH above $75,000</a>, which helped the Solana price rise above $180 with enough bullish support. Besides, the DeFi TVL hits $6.4 billion as Raydium surges by 28%, with a decent rise in the number of daily transactions.&nbsp;   
The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">SOL price</a> was stuck within a descending parallel channel and faced multiple failed attempts at piercing above the resistance. However, the positive rounds across the markets have initiated a strong ascending trend, which is believed to elevate the levels beyond $200 in the next few days. This may increase the possibility of a new ATH above $270 before the end of the year, and the price holds the potential to begin a 30% thereafter.&nbsp;   
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The weekly chart of Solana suggests the price is at the foothill of explosion as the token rises over a crucial range. Besides, the breakout has elevated the levels above the bull flag, which may trigger a strong upswing. One of the major bullish indicators is the bullish crossover of the Ichimoku’s conversion &amp; base line. Previously, when such a crossover occurred, the SOL price surged by over 1000%, elevating the levels from the levels below $20 to as high as $200. Besides, the RSI is also following a parabolic recovery, which reflects strong bullish backing from the bulls.&nbsp;   
Solana flipped BinanceCoin in terms of market capitalisation to become the 4th largest cryptocurrency. While the Bitcoin price appears to be primed to mark $100K in the upcoming bull run, the SOL price is also believed to mark a 4-digit figure as the token is about to break a bullish pattern, which may ignite a 100% rally to reach $500 in the upcoming bull run. Meanwhile, the possibility of reaching a 4-digit figure also remains elevated, as the Solana price has just flashed fresh bullish signals after 12 long months.&nbsp;   
Therefore, Solana's (SOL) price appears to be primed for a 50% upswing initially to reach $300, which may further push the prices higher depending on the market dynamics.&nbsp;

Solana Poised to Become the 3rd Largest Crypto-Here’s When it May Mark a New Milestone

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