Is Solana preparing for its next launch? Analyst sees that 420$ will be just the beginning" from Cryptonews on May 28, 2025:
Analyst Master Ananda on the TradingView platform indicated that Solana's (SOL) cryptocurrency may be on the verge of a strong breakout, urging to buy "as if the end of the world is near", based on technical signals and macroeconomic indicators.
He predicts that Solana's price could reach $420, asserting that this level will not be the maximum, but just a stop on a rise that may extend by 160%.
Technical analysis shows the formation of a "rounded bottom" pattern, which may be followed by a "cup and handle" pattern, indicating the likelihood of a long-term rise.
The price is currently moving between 160$ and $190, with positive signals from RSI and MACD indicators, reinforcing the likelihood of the upward trend continuing.
The Solaxy project (SOLX token) has been highlighted, providing the first layer 2 solution for Solana, which could support network performance and provide the necessary liquidity in case Solana rises strongly.
The Solaxy subscription exceeded $41.5 million with only 19 days remaining, described as a promising project amid expectations of Solana's rise.
The analyst believes Solana is preparing for a technical breakout that could lead it to new levels, supported by technical signals and economic indicators, while the Solaxy project appears as a companion opportunity to benefit from this potential rise.
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