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- Solana needs to hold the $200 to target a surge to $220 as Trump’s inauguration draws nearer
- However, traders shouldn’t expect smooth sailing anytime soon
No doubt, investors have pounced on the oversold signal from Solana, sending its trading volume soaring by nearly 60%. This surge triggered a powerful green candlestick, with SOL ($128.66) jumping by an impressive 9% in just one day to reclaim $200 – A level it hadn’t touched in a week.
Now, speculations are rife, with many eyeing a potential rally to $220 in the short-term. Let’s break down the odds.
Investors need to show more confidence in Solana
Solana, at the time of writing, was trading 20% above its previous dip to $168, with a neutral RSI and the MACD just turning bullish – Showing there’s still plenty of room for momentum t...
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