Being one of the top-performing altcoins in the past year, the Solana ecosystem has experienced a slowdown over the past few months. Following the breakdown of $150, the SOL price struggles to overcome the psychological mark.
However, with a bullish revival this week, the bull run is gaining momentum, and the SOL price may soon surpass the $150 mark. With a potential price jump next week, let’s have a closer look at the high-potential Solana-based altcoins ready for a bull run.
Solana Price Performance
Prior to the Altcoins, let’s look at Solana’s price chart for a deeper understanding. Following the breakdown of the rising trendline, the SOL price makes a comeback from the $125 mark.
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With a retest, the SOL price tests the $150 mark but faces an intraday drop of 2.87% after the 18% jump in 4 days. Nevertheless, the bullish crossover in the MACD and signal lines and the highly anticipated bounce back in Bitcoin can fuel the uptrend ahead.
Considering the altcoin manages to surpass $150, the Solana token price could reach the $200 mark.
Pyth Network Nears End Of Correction
Following the bullish failure to sustain the market price above $1, the PYTH price trend falls to almost $0.30. After a massive fall of more than 70%, the altcoin enters a consolidation range and tests the overhead trendline.
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As the bullish crossover in the MACD indicator and the rising momentum indicated by the ADX line, the PYTH price is on the verge of a breakout rally. With the breakout run, the Solana based altcoin can reach the $1 mark.
Raydium Breakout Rally Eyes $2.70
With a new bull cycle from the support trendline, the RAY price action reveals a triangle breakout rally. As the breakout gains momentum, the uptrend in this Solana-based altcoin, the buyers anticipate a run beyond $2.
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Currently, the RAY token price trades at $1.67 with a bullish crossover in the MACD indicator. Despite the intraday fall of 2%, the post-retest reversal can surpass the 50% Fibonacci level at $1.79.
Optimistically, the triangle breakout rally can reach a peak at $2.70 in the coming weeks.
Solana’s Meme Coin BONK Price Eyes $0.055
The BONK price action has rebounded strongly from a long-standing support trendline, marking the end of a 50% correction phase. The recent bull run has restarted from the 23.60% Fibonacci level, resulting in a significant 17.81% surge this week.
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The underlying reversal in market sentiment and strong technical indicators suggest a promising uptrend for BONK. Given the bullish reversal, breakout rally, and positive sentiment shift, Solana based meme coin price is projected to reach the $0.000055 mark.