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09.11 - 09:21
A 17% hike in 24 hours, but what’s next for Solana
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ambcrypto.comDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Bitcoin’s rally to a new ATH spurred the altcoin market to higher levels prior to the weekend. The latest addition to the top-10 squad – Solana – led the charge among altcoins after registering a 17% hike over the last 24 hours. Backed by strong 24-hour trading volumes, SOL dethroned XRP to become the sixth-largest crypto with a market cap of $53.41 billion.
On the chart, a bull pennant breakout formed the bedrock for SOL’s massive jump. With such bullish market conditions, SOL could stretch its gains to the 78.6% Fibonacci Retracement level before a correction sets in.
Source: SOL/USD, TradingView
Based on the
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