Solana Price Prediction as SOL Overtakes Cardano – 10x Potential From Here?

cryptonews.com:

The Solana price has gained by 1% in the past 24 hours, rising to $40.70 on a day when the cryptocurrency market has dipped by 0.5%.

SOL is now up by an impressive 11% in a week and by an even more impressive 73% in the last 30 days, with the altcoin also having gained by just over 300% since the beginning of the year.

Such a performance has enabled SOL to overtake Cardano (ADA) in terms of market cap, and with the Solana blockchain continuing to grow steadily this year, the altcoin could see more gains in the near future.

Even though the market has slowed in the past couple of days, Solana continues to show good momentum.

In particular, its 30-day average (yellow) is racing beyond its 200-day average (blue) as the coin experiences greater buying pressure, as also indicated by its trading volume.

And even though SOL’s relative strength index (purple) has dipped a little in the past few days, it remains at 70, which is also indicative of ongoing momentum.

Likewise, the coin’s medium-term support level (green) has been rising steadily in recent weeks, while shorter term supports having climbed dramatically.

So even if SOL dips a little along with the market today, it’s not likely to fall too far.

Yet evidence suggests that a dip could be coming, with transfer data revealing that at least one whale has moved considerable amounts of SOL to exchanges in the past few hours.