Solana (SOL) Bulls Eye $180 Within 7–12 Days, But This Rival Altcoin Knows no Waiting Around
The post Solana (SOL) Bulls Eye $180 Within 7–12 Days, But This Rival Altcoin Knows no Waiting Around appeared on BitcoinEthereumNews.com.
Solana (SOL) has been quite bullish in the past few days and some analysts have dubbed a possible move towards $180. On the same note, Rexas Finance (RXS), an emerging altcoin that has adopted real-world asset tokenization functionality, is attracting investment attention in its presale stage. While Solana is leveraging the current market prowess and RXS getting ready for an exchange listing, two tokens are trending for their growth prospects and intensifying activity within their respective ecosystems. Solana Bulls Aim for $180 as Breakout Structure Strengthens Solana’s price is currently at $140 with high trading volume and favorable technical fundamentals. Some analysts believe that there may be a breakout to $180 in the next 7-12 days if the trend persists. Fundamental analysis, including charts, reveals a cup and handle formation, which is a positive continuation signal. For the bull structure to appear valid, the price would have to break through the $150 mark. Other indicators like the 50-day SMA are rising and the RSI is still below 70, indicating that the asset is not in an overbought position. With regard to on-chain activity, Solana also painted an indicator of buoyancy. The utilization of daily active wallet addresses and the transactions are on the rise. The number of developers involved in the development of applications on different platforms of Solana has seen an increasing trend and continues to grow. There has been an accumulation of whale wallets with more than 100,000 SOL if the last few weeks are considered. This implies that large investors are expecting the price to rise in the near future, which reinforces the positive outlook for momentum trading. If SOL manages to sustain above key support and barriers the breakout with higher trading volume, the possibility of reaching $180 rises. Rexas Finance Gains Investor Attention Ahead of…
