- Solana price has posted double-digit gains over the past week following news of a partnership with a South Korean gaming giant.
- The developer community prepares for Solana Miami, set to go live on April 5, 2022.
- Analysts are bullish on Solana, predicting a continuation of the altcoin’s uptrend.
Solana price has gained 11% over the past week as the altcoin recovered from its price drop. Solana’s recent partnerships and updates have fueled a bullish narrative among investors.
Solana price could continue climbing above $100
Solana price continued its uptrend as the altcoin sustained above $100. As analysts observe a bullish momentum in the Ethereum killer, Solana has posted double-digit gains.
Following the recent announcement of its partnership with South Korean gaming giant, the community is bullish on Solana price rally. Updates in the Solana ecosystem have fueled investors’ bullish sentiment.
Solana announced the “Solana Miami” event, set to launch on April 5, calling the developer community to join and build on the altcoin’s network. The Hacker House event is a part of Solana Miami and calls Solana’s community of developers to build applications offline with in-person guidance on the ground.
Hacker House Miami is free to attend, and just one part of #SolanaMiami
— Solana (@solana) March 25, 2022
Register for Hacker House https://t.co/urEEXFl300
Explore Solana Miami https://t.co/Ea07u8m9fg
Artists and merchants from the Miami region are invited to the free to attend the event to showcase their work to the Solana community.
Analysts have evaluated the Solana price trend and predicted a continuation of the altcoin’s uptrend, above $100. @TraderKoz believes the Solana price trend looks solid; the analyst is bullish on the Ethereum-killer.
$SOL
— TraderKøz (@TraderKoz) March 26, 2022
Sol daily seriously looks so solid pic.twitter.com/hiWzKApUUW
Crypto analysts at @TrendRidersTR believe Solana price is testing the rider band on the four-hour and daily chart. If Solana price stays at the current level for a few days, $100 could be an ideal support for the next leg up in the altcoin.
$SOL testing our Rider Band on the 4 hour and Daily chart.
— Trend Rider (@TrendRidersTR) March 26, 2022
I would like it to stay a few days at current levels so RSI goes down a little bit, that way the 100USD could be the perfect support for the next leg up pic.twitter.com/cHqvuMZgOY
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
US presidential election outcome could shape the future of crypto
US citizens will go to the polls to elect a new president on November 5, and their choice could be key for the future of the crypto industry and thus the price outlook for Bitcoin (BTC).
Bitcoin Price Forecast: BTC recovers as Donald Trump takes lead on polls
Bitcoin (BTC) slightly recovered to around $68,800 on Tuesday, following a shift in the United States presidential race that saw former President Donald Trump regain the lead, after US spot Bitcoin ETFs experienced an outflow of over $540 million on Monday.
Crypto markets brace for volatility in tight race between Trump and Harris
The US presidential election is one of the most significant events in the world. Due to the influence of the country’s political decisions, policies, and economic approaches, it can significantly impact crypto and global markets.
Trump-inspired memecoin MAGA shows bullish on-chain metrics ahead of US elections
MAGA (TRUMP) trades slightly down to around $3.4 on Tuesday after rallying more than 20% since Sunday. The former President Donald Trump-based memecoin is poised for further gains as daily active addresses and network growth metrics rise, signaling increased network usage and adoption
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.