Solana (SOL): Is it Approaching Doubling Its Value?

Market analyses indicate a strong upward potential for Solana, with traders looking to test levels 300$ again — which is nearly double its current price of around $150.

This rise comes after a strong recovery from the low of 95$ in April, where Solana exhibited positive technical performance, surpassing the 21 and 50-day moving averages, with an upward bounce reinforcing the positive trend.

The positive momentum coincides with improved risk appetite in the markets, especially with Bitcoin's rise approaching $100,000, and increasing interest in exchange-traded cryptocurrency funds (ETFs).

Although this optimism is driven more by hopes than economic data, Solana continues to attract attention as one of the most promising digital assets in the short term.

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