Cryptocurrency expert names conditions for rapid growth of Solana cryptocurrency

A cryptocurrency analyst known as DonAlt told his 53,900 YouTube subscribers that the SOL virtual coin could break through a key resistance level. According to him, the SOL $187.71 Solana -0.08% Market capitalization $88.52 billion VOL. 24 hours $0.87 billion 's upward movement will depend on whether bitcoin holds its own support levels after the sudden rise.

«Solana/USD is knocking on the heavenly door again [на рівні $ 32,98]. I think the crypto asset should break through, as well as Chainlink (LINK), as long as bitcoin is able to stay afloat,» the crypto expert said.

The trader’s weekly chart shows that Solana SOL $187.71 Solana -0.08% Market capitalization $88.52 billion VOL. 24 hours $0.87 billion has reached higher price lows, the last of which was at $ 18. The analyst also noted that there is a bullish momentum on the SOL cryptocurrency chart:

«If you look at the monthly timeframe, it’s pretty good. You have the momentum. Then you have a few sideways trends, and now you have another one. I like this chart. If I had to buy an altcoin, it would still be Solana, even at this stage, and it would be LINK.»

It should be noted that well-known crypto analysts remain positive about the price prospects of Anatoly Yakovenko’s blockchain cryptocurrency SOL $187.71 Solana -0.08% Market capitalization $88.52 billion VOL. 24 hours $0.87 billion . For example, @Tradermayne believes that the asset has a chance to rise to $ 40, but his scenario is based on the formation of a bullish weekly candle. @Rager and @DaanCrypto also emphasized the importance of the $ 38 horizontal resistance area. This area has been key since 2021 and has provided SOL with both support and resistance on multiple occasions.