The cryptocurrency market is showing impressive growth amidst Jim Cramer's latest predictions, known for his unique market approach. Recently, Cramer predicted Kamala Harris would win the upcoming US presidential election.
Jim Cramer's Prediction
Jim Cramer, former hedge fund manager and host of CNBC’s ‘Mad Money’, predicted Kamala Harris's victory. However, many investors associate his predictions with 'inverse' signals, potentially indicating a success for Donald Trump and a positive impact on the crypto market. Investors believe that Trump, known for his pro-crypto stance, could propel market growth.
Solana Technical Analysis
CoinPedia's technical analysis shows that Solana (SOL) appears bullish. On a daily chart, it has formed a bullish double-bottom price action pattern at the support level of $137 and the 200-day moving average. This pattern is considered a sign of potential growth.
Current Price Momentum
Currently, Solana is trading near $145.7, with a price increase of over 5.2% in the last 24 hours. Its trading volume and open interest have also grown by 7% and 4.3%, indicating increasing participation and interest from traders and investors.
Despite Jim Cramer's predictions, the cryptocurrency market, including Solana, continues to grow. With the US presidential elections approaching, market dynamics may change, highlighting the importance of monitoring further developments and trends.