Categories: Market

SOL Enters Pricing Mode After ATH – Can Upcoming Breakpoint Conference Raise Price To $ 250?

Solana continues north after breaking all the resistance levels that have been holding her up. With a few hurdles ahead, SOL should continue to grow significantly.

SOL outperforms XRP

Solana broke the previous all-time high and returned to pricing mode. As a result of this move, SOL has overtaken XRP in 6th place in terms of market capitalization.

Reaching such a milestone is not easy as number 6 has entered a period of stagnation after hitting a record high of $ 216 on the 12-hour chart on September 9th.

The surge in buy orders on October 20 enabled SOL to break out of its consolidation pattern. Although prices have risen more than 34% since then, SOL could still have plenty of room for an explosion. A measurement from the breakout point predicts a 15 percent price increase.

If confirmed, further upward pressure could push Solana towards $ 250 or higher.

Source: TradingView

It’s worth noting that speculators can expect bullish news at Solana’s upcoming Breakpoint conference in early November. However, if the conference doesn’t live up to traders’ expectations, the “sell the truth” event can occur, adding to downward pressure on Solana.

In such circumstances, a correction is possible that will push SOL back towards the $ 195 support.

You can see the SOL prices here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Annie

According to crypto briefing

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

2 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

2 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

5 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

7 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

10 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

11 hours ago

This website uses cookies.