- Solana price is likely to witness a massive rise in the coming weeks after retesting crucial macro support levels.
- The altcoin’s strong fundamentals support a parabolic rally in the SOL/USD pair.
- Several technical indicators pointed to further upside for SOL price in the medium term.
Solana (SOL) price is well positioned to rally towards a new all-time high (ATH) soon. With the price of Bitcoin (BTC) rebounding above $111,000 due to growing calls for a capital rollover of gold and silver, SOL rose about 9% in the past three days to trade at around $193 on Monday, October 20, during the mid-London session.
Related to: Solana Price Forecast: Analysts see $300 target as ETF re-approves upside momentum
Why is Solana’s price bullish in the medium term?
Technical tailwinds amid increasing trading volume
According to market analyst Aksel Kibar, if the SOL/USD pair rises…
Read the full article SOL price eyes new highs as Solana leads the DePIN revolution in Asia on Currency edition.
