On Tuesday (July 19), $SOL, the native token of the suntrap blockchain, is trading above the $45, having surged over 14% in the past 24-hour period, and at least one crypto analyst is loving its price action.
According to data by TradingView, on crypto exchange FTX, currently (i.e. as of 6:53 p.m. UTC on July 19) $SOL is trading around $45.97, up 14.19% in the past 24-hour period. Today’s intraday high of $47.25 was recorded at 1:27 p.m. UTC.
What is even more impressive is that since June 13, when crypto lender Celsius a anunțat on its blog that due to “extreme market conditions” it was “pausing all withdrawals, Swap, and transfers between accounts”, $SOL has gone from $27.14 to $45.97, which is a gain of 69.38%.
As for $SOL’s performance vs $BTC, since June 13, SOL-BTC is up nearly 77% (from 0.0011110 to 0.0019634).
This led popular pseudonymous crypto analyst and trader “DonAlt” to tell his over 416K Twitter followers that SOL-BTC is “finally closing in on resistance,” and “if that resistance should break it’s pretty much at ATH again.”
A few hours later, another pseudonymous analyst/trader — |Crypto Rand” — told his over 288K Twitter followers that his technical analysis of SOL-USDT says that $80 is the next target for $SOL, which agrees with what “DonAlt” said yesterday:
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