Top Solana-based Altcoins To Watch Out Next Week As SOL Price Nears $150
The post Top Solana-based Altcoins To Watch Out Next Week As SOL Price Nears $150 appeared first on Coinpedia Fintech News
Being one of the top-performing altcoins in the past year, the Solana ecosystem has experienced a slowdown over the past few months. Following the breakdown of $150, the SOL price struggles to overcome the psychological mark.
However, with a bullish revival this week, the bull run is gaining momentum, and the SOL price may soon surpass the $150 mark. With a potential price jump next week, let’s have a closer look at the high-potential Solana-based altcoins ready for a bull run.
Solana Price Performance
Prior to the Altcoins, let’s look at Solana’s price chart for a deeper understanding. Following the breakdown of the rising trendline, the SOL price makes a comeback from the $125 mark.
With a retest, the SOL price tests the $150 mark but faces an intraday drop of 2.87% after the 18% jump in 4 days. Nevertheless, the bullish crossover in the MACD and signal lines and the highly anticipated bounce back in Bitcoin can fuel the uptrend ahead.
Considering the altcoin manages to surpass $150, the Solana token price could reach the $200 mark.
Pyth Network Nears End Of Correction
Following the bullish failure to sustain the market price above $1, the PYTH price trend falls to almost $0.30. After a massive fall of more than 70%, the altcoin enters a consolidation range and tests the overhead trendline.
As the bullish crossover in the MACD indicator and the rising momentum indicated by the ADX line, the PYTH price is on the verge of a breakout rally. With the breakout run, the Solana based altcoin can reach the $1 mark.
Raydium Breakout Rally Eyes $2.70
With a new bull cycle from the support trendline, the RAY price action reveals a triangle breakout rally. As the breakout gains momentum, the uptrend in this Solana-based altcoin, the buyers anticipate a run beyond $2.
Currently, the RAY token price trades at $1.67 with a bullish crossover in the MACD indicator. Despite the intraday fall of 2%, the post-retest reversal can surpass the 50% Fibonacci level at $1.79.
Optimistically, the triangle breakout rally can reach a peak at $2.70 in the coming weeks.
Solana’s Meme Coin BONK Price Eyes $0.055
The BONK price action has rebounded strongly from a long-standing support trendline, marking the end of a 50% correction phase. The recent bull run has restarted from the 23.60% Fibonacci level, resulting in a significant 17.81% surge this week.
The underlying reversal in market sentiment and strong technical indicators suggest a promising uptrend for BONK. Given the bullish reversal, breakout rally, and positive sentiment shift, Solana based meme coin price is projected to reach the $0.000055 mark.
