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news-imageSeptember 28, 2024

Analysts Think Solana Could ‘Go Nuts' As SOL Price Retests $160 Resistance

Solana (SOL) broke above a key resistance level on Friday, fueling the bullish sentiment that reignited over a week ago. As a result, some analysts think the fifth-largest cryptocurrency by market capitalization could be about to see a massive bull run as “Uptober” approaches.
Publisher: NewsBTC
Sentiment: Positive
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cover-imageCrypto Daily
September 27, 2024

Crypto Price Analysis 9-27 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, BITTENSOR: TAO, RENDER: RNDR

BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.

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