Solana-SOL Attentions Price: An analyst indicates that the price repeats the same upward style as the price of Ethereum-Eth in 2020, is the level of $ 600 the first objective?

With the appearance of a similar model from that of Ethereum in 2020, the activity of the decentralized financing sector (DEFI) increased and the strong institutional demand, the previous objective can be $ 600 – which was ambitious at a given time – is very modest now.

Solana began to show the same models that paid the high price of Ethereum de $ 100 to $ 4,300 During the large major cycle, he supports the growing expectations of Solana’s part prices in this session.

Consequently, Solana’s technical foundations become stronger day after day, because the Solana blockchain excels on all blockchain networks, the first and second layers in terms of Network income Period 18 weeks in a row.

At the same time, the realistic origins of RWA develops on Solana’s blockchain (Ethereum) because it has recorded an increase. It exceeds 200% Since the start of the year so far, according to Rwaxyz.

While Ethereum has already entered the traditional financing sector by approving the immediate negotiation fund on the Stock Exchange (Spot ETF), the next Solana (Solana) piece can become.

Consequently, it is worth monitoring a date October 10This is the deadline for decision of the American Committee on Securities and Exchanges (SEC) concerning ETFS SOLApproval can stimulate a new wave of demand and push the high price of Solana to new levels.

This coincides with the acts of clarity which should be issued by the month of October, which will allow the institutional request postponed pending greater regulatory clarity.

The expectations of Solana prices: could the price of Solana currency be the same as the high price of Ethereum?

The price of Solana currency penetrated a major decline at $ 190 and increased by 35% in the last month, forming an emerging channel which reflects the high price of Ethereum in $ 100 to $ 100 to $ 4,300.

Although it is this canal, Solana’s price is currently preparing for possible penetration, with the possibility of a double -bottomed pattern at the level of support of $ 176.

On the other hand, current Momentum indicators support the possibility of a reflection of the management, because reading the RSI index (RSI) increases after its arrival in the excess sales area at the level of 30, indicating that buyers enter with the drop in pressure pressure.

Likewise, the MacD index planning plan has started to shrink at the bottom of the signal line, which often indicates the reflection of the management within 4 hours; This indicates that the latest downward trend can lose its momentum.

If the price of the Solana part is capable of apostasy of the current levels, the main point of penetration will be placed at the neckline for the double -bottomed model close to $ 195, which could prepare to test the channel at $ 210.

In the event that the canal enters this place, the price of the Solana currency can increase to the test of the resistance of the upper canal, which opens the way to a breakthrough of 64% to $ 300 when it succeeds.

With the growing interest in traditional financing, requests for boxes in suspension on the stock market (ETF), high adoption rates through real asset platforms (RWA) and decentralized financing, perhaps the price of Solana Coin (Solana) can be ready to repeat the enormous penetration reached by the price of Ethereum in 2020.

Consequently, possible price objectives vary in the long term between $ 600 and $ 1,000 if this structure persists in its stability.

The Solana technical system contains opportunities to obtain higher gains

It should be noted that the ability to reach enormous gains with large currencies such as Solana remain limited, because prices breakthroughs take months to train while it occurs in only moments, which means that the owners of currencies spend most of their time waiting.

At the same time, currencies with small market values achieve profits ranging from 10 times and 1,000 times with a liquidity flow of young investors.

Here, the role of Snator-Snort comes, because it offers a trading robot specially designed to discover early momentum and help investors seize the opportunities early to make profits.

Although commercial robots are not a new concept, Snorter’s part has designed its robot to seize opportunities using limit orders, protected trading against proactive trade (MEV), copying exchanges and even protection against fraudulent carpets (abandoning the project).

In addition, the right time to invest completely is different from knowledge of the right time, and SNORT can also help you.

The project has had a good start, because Snator has already raised more than $ 2.2 million during the first weeks of its subscription, and this can be allocated to the high annual return it provides from the mortgage to first investors, which is 165%.

Finally, you can follow the Snorter project on X and Instagram platforms, or join the subscription via the official website of the Senator project.

The Solana-Sol post is an analyst who indicates that the price repeats the same upright style as the price of Ethereum-Eth in 2020, is the level of $ 600 the first objective? APPLERDIRST on Arab Cryptonews.