Best Crypto to Buy Now: Solana Makes It Back to $190 – Time For Its Next Leg Up?

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solana hits $190 and could be the best next crypto to buy

Solana (SOL) just hit $190 a few hours ago as the token bounced strongly off the $150 level. Trading volumes have increased to $6.5 billion and currently account for 6.5% of the asset’s circulating supply as interest in SOL seems to have jumped.

SOL has retreated two times off the $210 recently, and this latest bounce could be an early indication that the token is about to move toward that level once again.

The popular trader Ali Martinez believes that Solana could be the best crypto to buy now as the token just bounced off a long-dated trend line support.

Martinez, whose X account is followed by more than 151,000 users, sees SOL rising to $360 at least if the token breaks out above the $210 level. This target is drafted by using a Fibonacci retracement tool that projects how high the asset could go based on its latest swing highs and swing lows.

Such a move would result in a 100% price increase based on SOL’s price today. Moreover, it would also break above the token’s all-time high of $294.33.

Weekly trading volumes across Solana decentralized exchanges (DEXs) have increased by 10.6%. Heated competition between launchpads could be contributing to this heightened trading activity.

Pump.fun is competing fiercely with LetsBonk.fun for the first spot in this important segment. In the past 7 days, Pump.fun took the lead once again with a market share exceeding 70%. The two protocols are constantly offering incentives to their community to create new assets and trade, and this favors a bullish Solana price prediction.

Solana Eyes $210 First After Big Bounce Off $175

Based on the latest price action, SOL could still drop to $165 before its next leg up. However, this recent bounce off $175 is encouraging as it has formed a double-bottom pattern in lower time frames that tends to anticipate a big move up.

solana price chart

The first and closest target for SOL after this jump would be $210, meaning a 14% upside potential from where the token is now. Meanwhile, the next key area of resistance to watch would be $270 if bullish momentum gains traction.

The Relative Strength Index (RSI) is currently sitting at the mid-line, while the MACD has moved to bearish territory. If the RSI rises above its 14-day moving average, that would be a clear buy signal.

High trading volumes confirm the relevance of the $175 level. As altcoin season kicks off, Solana should be one of the most benefited tokens and could follow Ethereum’s path of breaking key long-dated resistances.

As Solana’s ecosystem keeps growing, Ethereum-based tokens are eyeing a migration to capitalize on higher meme coin trading activity. Wall Street Pepe (WEPE) is the latest in a long list of assets to migrate to this blockchain. Once the migration is completed, this meme coin could explode and deliver 10X gains.

Wall Street Pepe (WEPE) Burns Tokens as It Moves Forward with Its Migration

Wall Street Pepe (WEPE) was one of this year’s most successful crypto presales. What started as an ERC-20 token will soon become a Solana-based crypto, as this is the best environment for its community and price to grow.

wall stree pepe lower res

As the migration moves forward, the developing team will burn the dollar value of all migrated Ethereum tokens to reduce the circulating supply in the Solana blockchain. This fosters scarcity and favors a bullish outlook for WEPE.

The WEPE army has grown to nearly 80,000 investors (token holders). This is a thriving community of like-minded traders who share ideas and insights about the best trading opportunities out there.

You can join the WEPE army by buying this token before and capitalizing on the upcoming surge that will come after the migration is completed. Simply head to the Wall Street Pepe website and connect your wallet to buy some $WEPE, or you can also use a bank card to invest.

By Alejandro Arrieche

Alejandro is a seasoned financial analyst with over seven years of experience writing complex business topics and market trends. His insightful work has been featured in prominent publications including CryptoBites, The Modest Wallet, and Capital.com, where he provides comprehensive analysis spanning from broad business strategy to complex topics about cryptocurrencies and the stock market. A graduate of EUDE Business School, Alejandro leverages his academic background and analytical expertise to deliver data-driven insights that help readers navigate complex economic landscapes. His authoritative content focuses on value investing, financial analysis, and general business topics, empowering both organizations and individuals with actionable intelligence to make informed decisions about their investments and trades.