Bullish indicators suggest that Solana's price has continued its steady growth over the past seven days. The sixth-ranked digital currency has outperformed other digital assets in the top 10 cryptocurrencies list.
Breaks the resistance level of $150, targeting $170
According to data, Solana's value has increased by 12.11% over the past seven days. Solana managed to break the resistance level of $150 during this period and continues to show potential for higher price levels.
If the market aligns with Solana's golden crossover technical indicator, Solana is likely to reach the $170 range. Predictions suggest that Solana could peak at $172.51 in the medium term if a bullish breakout occurs.
In the past twenty-four hours, Solana reached a peak of $154.42 before experiencing a slight decline. As of the time of publication, Solana's price was trading at $150.76, up by 0.26% during that timeframe. This gradual and steady rise has allowed the currency to outperform other top ten cryptocurrencies.
The closest performing asset is with an increase of 9.93% during the same seven-day period. Other currencies include with growth rates of 8.10%, 7.81%, and 5.61%, respectively.
Experts say Solana could eventually flip Ethereum's price upside down.
Solana's numbers support Anthony Scaramucci's predictions regarding this digital currency. Notably, Scaramucci believes that Solana will outperform Ethereum in the long term, despite the current significant market cap gap.
The market capitalization of Solana is $80.26 billion, compared to $299.04 billion for Ethereum. Nevertheless, Scaramucci states that Solana's low fees and fast transactions may ultimately enhance Solana's dominance as the leading altcoin.
Scaramucci is not the only one with this optimism. Chiao Wang from Alliance DAO shared similar views earlier in May, affirming that Solana appears poised to become the largest ecosystem for founders as it gains traction.
