Altcoins
Top Solana-Based Altcoins to Watch Out For Next Week as SOL Price Approaches $150
As one of the best-performing altcoins of the past year, the Solana ecosystem has slowed down in recent months. After the collapse of $150, SOL price struggles to overcome the psychological limit.
However, with this week’s bullish revival, the bull run is gaining momentum and the SOL price may soon cross the $150 mark. With a potential price increase next week, let’s take a closer look at the high-potential Solana-based altcoins poised for a bull run.
Solana price trend
Before Altcoins, let’s take a look at Solana’s price chart for a deeper understanding. After breaking the ascending trend line, the SOL price returns from the $125 threshold.
With a retest, SOL price tests the $150 mark, but suffers an intraday decline of 2.87% after jumping 18% in 4 days. However, the bullish crossover of the MACD and signal lines and the highly anticipated Bitcoin rebound can fuel the future uptrend.
Considering that the altcoin manages to exceed $150, the price of the Solana token could reach the $200 mark.
Pyth Network Nears End of Fix
After the bullish failure to keep the market price above $1, the PYTH price trend drops to almost $0.30. After a massive decline of over 70%, the altcoin enters a consolidation range and tests the overhead trend line.
With the bullish crossover in the MACD indicator and the increasing momentum indicated by the ADX line, 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 Targets $2.70
With a new bullish cycle from the support trendline, RAY price action reveals a triangular breakout rally. As the breakout gains momentum, the uptrend in this Solana-based altcoin, buyers anticipate a run above $2.
Currently, RAY token price is trading at $1.67 with a bullish crossover in the MACD indicator. Despite the 2% intraday decline, the post-retest reversal can break above the 50% Fibonacci level at $1.79.
With optimism, the triangle breakout rally could peak at $2.70 in the coming weeks.
Solana BONK Meme Coin Price Eyes $0.055
BONK price action has bounced strongly from a long-standing support trend line, marking the end of a 50% correction phase. The recent bull run has resumed from the 23.60% Fibonacci level, with a significant 17.81% increase 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, the Solana-based meme coin price is expected to hit the $0.000055 mark.