SOL, the native token of the Solana blockchain, is on the verge of a breakout. Analyst Altcoin Buzz suggests that investors should prepare for price increases in the near future.
Current Performance of Solana
In the past 24 hours, Solana's digital currency has increased by 2%, now trading at $144.35. However, the Relative Strength Index (RSI) remains bearish, and sellers continue to dominate the current price action.
Analyst's Opinion
Crypto analyst Altcoin Buzz believes that many investors are underestimating SOL's potential. On the platform X (formerly known as Twitter), the analyst noted that once the token overcomes the current bearish conditions in the crypto market, it could rapidly increase in value.
Market Impact
SOL's value has been significantly affected by the recent crashes of leading cryptocurrencies Bitcoin (BTC) and Ether (ETH). However, analysts are confident that Solana can overcome these difficulties and return to an uptrend.
Solana continues to attract the attention of analysts and investors. It is recommended to monitor the situation closely in the near future, as the token may unexpectedly show significant value increase.
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