Today Solana put on a real show.
Just yesterday SOL was trading around $101–102, and today the price has already reached the $112 area. A roughly 10% gain in a day — and the $110 level, which recently still seemed like a serious resistance, has already been left behind.
🔥 Why such a rise?
Today, almost the entire crypto market moved up. Bitcoin is back above $80,000 again, and Solana is among the leaders in gains among major coins.
Additional positivity comes from news from the US regarding crypto regulation, and the Solana network itself continues to receive technical updates.
But now the most interesting part begins.
After such a fast move, the main question is:
Earlier — SOL at $120, or a normal take-profit?
📈 If buyers manage to hold the momentum above $110–112 and Bitcoin continues moving up, the next big psychological level is $120.
📉 But after a rise of about 10% in just one day, a correction would be absolutely unsurprising. Sooner or later, some traders will start taking profits.
Personally, I don’t want to chase a green candle right now.
I like Solana, but buying after such a sharp pump just because I’m afraid to miss further growth isn’t my strategy. I’d rather wait for the market’s reaction and see if a more interesting entry price appears.
Today SOL once again showed its character:
when Solana starts moving, it knows how to do it very fast. 🔥
What about you?
🚀 $120 next?
📉 Or first a correction to $105–108?
#Solana #SOL #Bitcoin #Crypto #Binance #Altcoins
