Solana’s Bullish Surge: How High Can We Go Before Year-End After Trump’s Pro-Crypto Win?
Following Donald Trump’s pro-crypto victory in the November 6 US presidential elections, Solana’s (SOL) price has seen an impressive rally, reaching $190—a level last seen in July. With sustained interest and demand, the altcoin seems set to reclaim its year-to-date high of $210.03. But the key question is: how quickly will it hit these new heights?
Solana’s Recent Highs and Key Fibonacci Targets
Solana recently surged to $190.81, the first target in its Fibonacci extension, positioned at the 1 fib level. If momentum continues, the next key targets on the micro outlook are $212.86 and ultimately $248.54.
From a macro perspective, Solana’s trajectory could reach $319.91, a significant target before further potential gains. With the holiday season and the broader bull run around the corner, these targets could be achieved sooner than anticipated.
Key Retracement and Bullish Momentum
Before yesterday’s upswing, Solana pulled back to the critical support zone of $155.32, which aligned with the 0.786 fib level—a significant point that reinforced bullish momentum. This retracement formed a higher low at $155.32, up from a previous low of $147.85, signaling further strength in Solana’s upward trend.
For ongoing analysis and real-time updates, follow Kenya Crypto Magazine:
- Twitter: Kenya Crypto Magazine on Twitter
- Instagram: Kenya Crypto Magazine on Instagram
- WhatsApp: Join the Kenya Crypto Magazine community on WhatsApp
MD_DELICACIES
Views: 18
