The crypto market has performed extremely well over the past seven days. For example, the Bitcoin price has increased by 12 percent. Solana is also doing exceptionally well, with the SOL price increasing by more than 20 percent over the same period.
This could be just the beginning of a major price increase. Crypto analyst Cryptobusy points out a massive bullish pennant that has formed on Solana’s price chart, which could lead to a massive price increase in the near future.
“Watch this price action,” the analyst says. Meanwhile, another crypto analyst named InvestAnswers believes that “Solana continues to show impressive strength” relative to the rest of the crypto market.
Critical level of $163 for Solana price
In the short term, the Solana price looks quite positive. The $163 level, where the price is currently, is an important level. If the Solana price can rise above this level, that would be a very positive sign. According to crypto analyst ‘Honey’, the price could then soon rise to the $192 level.
However, analysts also warn of a risk of a price drop. If Solana fails to break through the $163 level, the price could drop to the $140 level.
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Source: https://newsbit.nl/crypto-analist-solana-koers-is-klaar-voor-gigantische-koersstijging/
