Solana Overtakes BNB, Eyes $200: What’s Driving SOL’s Bullish Momentum?

• Solana rises to 4th largest crypto, exhibiting bullish momentum with a market cap increase and key assist at $182 and $186.
• SOL faces resistance at $193-$194. A break with robust quantity may push the value towards $200.
• SOL’s MACD and RSI point out potential bullish momentum, with the value up 4.47% in 24 hours.

Solana (SOL) has overtaken Binance Coin (BNB) to grow to be the fourth-largest cryptocurrency by market capitalization, reclaiming the $190 stage. The general crypto market has benefited from latest developments and broader market assist. Whereas the launch of the spot Ethereum ETF didn’t considerably affect costs, the latest Bitcoin convention seems to have bolstered investor confidence.

Solana’s value motion signifies a robust upward motion, demonstrating bullish momentum. The worth elevated from round $183 to $193, signaling a strong restoration and shopping for curiosity. The worth discovered preliminary assist at $182, the decrease finish of the day’s value motion, earlier than starting its upward development.

One other minor assist stage was noticed at $186, the place the value skilled transient consolidation earlier than persevering with its rise. Presently, the value faces resistance at $19…

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