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Solana Price Rally Continues with Potential for 20% Increase

Solana, a competitor to Ethereum Layer-1, has seen a 10% surge in price, breaking through the resistance level of $25 and currently trading at $25.96. Technical indicators suggest that the price rally is likely to continue, with the Relative Strength Index (RSI) indicating strong bullish sentiment and the Awesome Oscillator (AO) confirming the dominance of bulls.

If buying pressure continues to increase, Solana's price could rise by 20% to reach $30 or even revisit the high from July 12 at around $32. The recent rally in altcoins, including Solana, is also attributed to the US SEC dropping all charges against Ripple executives.

Ethereum Ethereum $3,403.35
-0.52%
Solana
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