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Home»ALTCOIN NEWS»According to the analyst, a macro bullish trend is expected for Solana (SOL) and leading Memecoin – here is his prediction:
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According to the analyst, a macro bullish trend is expected for Solana (SOL) and leading Memecoin – here is his prediction:

By Crypto FlexsJuly 24, 20242 Mins Read
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According to the analyst, a macro bullish trend is expected for Solana (SOL) and leading Memecoin – here is his prediction:
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According to one prominent cryptocurrency analyst, Solana (SOL) may have entered a macro bull trend.

A pseudonymous trader named Rekt Capital told his 483,100 followers on social media platform X that the Ethereum (ETH) competitor had a “weekly candle close circled in green.”

“A successful retest of the red zone with new support could see the uptrend continue over time.”

Source: Rect Capital

SOL is trading at $172.20 at the time of writing. The fifth-largest cryptocurrency by market cap is down more than 3% in the last 24 hours, but is up more than 6% over the past week.

Rekt also said that Dogecoin (DOGE), the top meme asset, broke its macro downtrend “a few months ago.”

“And since then, DOGE has been successfully retesting the macro downtrend as new support.

A successful retest here would fully confirm the end of the macro downtrend and the beginning of a new macro uptrend.”

video
Source: Rect Capital

DOGE is trading at around $0.13 at the time of writing. The 9th largest cryptocurrency by market cap is down more than 5% in the last 24 hours, but up more than 3% in the last seven days.

When it comes to Bitcoin (BTC), Rekt argues that “history shows” the leading crypto asset could surge to an all-time high within the next two months.

As of this writing, BTC is trading at $65,676.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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