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Solana Price Prediction: SOL Eyes $172 as Breakout Aligns With Altseason Signals
As the crypto market continues to chart its course, a significant breakout has taken place in the Solana (SOL) ecosystem. The recent price action has put bulls in an advantageous position, setting the stage for a potentially massive rally ahead of what many anticipate will be a significant altcoin season.
Solana’s multi-year uptrend remains intact, and the asset has even touched new all-time highs earlier this year. Following this breakout, it’s crucial to consider whether or not the asset can keep momentum going and potentially hit targets such as $172.
The recent price action is closely tied to the buzz surrounding a potential Solana ETF approval. According to insider information, regulatory bodies are signaling no further comments on the filing, leaving many wondering if this could be the catalyst needed for an even larger rally.
Solana has not only outperformed its peers but also managed to surpass Bitcoin in recent weeks. This remarkable achievement puts it firmly at the top of the altcoin leaderboard.
As such, with all signs pointing towards a potential breakout and the ETF approval potentially leading the charge, it’s essential to highlight some key levels that traders should be watching. With the asset currently trading above $150, resistance levels like $160 and $172 become increasingly relevant.
Given the recent price action and the potential catalysts of an ETF approval, it appears that SOL has positioned itself as a leader in the altcoin market. As more news surrounding ETF approval unfolds, Solana’s technical and fundamental situation might find themselves in a position to propel it further higher, potentially testing these targets.
Source: bravenewcoin.com
