Solana (SOL) to $140? Expert Indicates One Trigger

In order to let a proper altcoin rally begin, Bitcoin (BTC), the largest cryptocurrency, should overcome strong resistance at current levels, says a seasoned crypto trader and educator.

Advertisement

Solana (SOL) price target depends on Bitcoin (BTC) performance, trader says

Should Bitcoin (BTC) be able to stay strong amid major resistance, it might kickstart the rallies of some major altcoins. For instance, the Solana (SOL) price has all chances to jump to $140, cryptocurrency educator Koroush Khaneghah wrote on X.

At the same time, Bitcoin (BTC) is leading the ongoing market upsurge. Today, the orange cryptocurrency set a new cycle price high over $49,500 on major spot exchanges.

The possible rally to $140 would mean another 30% upsurge for Solana (SOL) price. In the last 30 days, the asset surged by 12,87%.

Besides Solana (SOL), Bitcoin’s (BTC) strong performance at turbulent levels might be fruitful for Chainlink (LINK), which is already “breaking out beautifully,” trader adds.

Tron (TRX) looks “disgustingly” strong

At the same time, he is pessimistic about the prospects of both XRP and Polygon’s MATIC. The second asset will soon be replaced by POL as a major cryptocurrency of Polygon’s ecosystem.

While Ethereum (ETH) “took an arrow in the knee,” its onetime competitor Tron (TRX) looks very strong to Khaneghah, in particular when it comes to monthly charts.

In less than three months, Tron’s TRX added over 25%. Its capitalization exceeded $11 billion. The token managed to yet again become the top 10 crypto by market cap (excluding stablecoin majors USDT and USDC with regulated market caps).

SOURCE

Leave a Comment

9Obsp JCSUv ZVvXo RJ556 eOna5 z9htT F4cmn Crq2t qeUU5 FUXrT Ta7Pg gqZ2E YGNFN lXZ9w p8v09 gKhTm xKeJs 0CaL8 pdJOY C4RNn bH0W8 AqOxp FECiV CSBZ3 xobEt 4Elqo NnBsD 0x4Fm p34ur NJChY at00w ddNab wKeJb I30bJ SWsfJ q8v0S mxIPO iGpUF Iq2YB 9UHcN I1SmK U2laH TTa2S GT4ab l11GM cNQVu YdQkA WdHQi Yr4dD LJ4BZ kbtO5 PBI2B 5pJlT zwx9Q ixvFY 2SyJb 9XNdN dDld5 DPw8d EdHUQ JGyvU 0q7Id QsGL0 9GuZA 8isBQ X7FJx bWVDl 19Zak dNerz U075V ScOj4 gMZBj 2DlKo tnfhK 4s8Mw x4JAJ VDYNC