Jim Cramers Audacious Prediction Can Solana Experience an Explosive Surge
The cryptocurrency market is making a remarkable recovery, and amidst this, former hedge fund manager and CNBC’s Mad Money host, Jim Cramer, has made a bold prediction. He recently stated that Kamala Harris would emerge victorious in the upcoming presidential election and added, “I don’t see how Trump wins.”
Jim Cramer’s Unconventional Stance
Following Cramer’s prediction, the crypto market is filled with optimism, as the community sees his statement as a positive signal. In the world of finance, investors are well aware of the inverse nature of signals often associated with Jim Cramer.
Despite Cramer’s prediction that Kamala Harris would win, the market and investors interpret this as a potential win for Donald Trump. Moreover, this could particularly benefit the crypto market, leading to substantial growth as the United States presidential election draws near, with Harris and Trump being the top contenders.
It is widely known that Trump is pro-crypto, and if he wins the upcoming election, there is a strong possibility that the crypto market will experience a significant surge.
Despite this prediction, which the industry perceives as the opposite,
Solana (SOL), the fifth largest cryptocurrency by market capitalization, is displaying bullish behavior and is poised for a substantial upward rally.
Analyzing Solana’s Technicals and Upcoming Milestones
CoinPedia’s technical analysis reveals that SOL is displaying bullish tendencies, as it has formed a bullish double-bottom price action pattern on the daily time frame at the critical support level of $137 and the 200 Exponential Moving Average (EMA). In the world of investing and trading, this pattern is seen as a bullish indicator.
Based on recent price momentum, if SOL breaks out from the neckline of the double-bottom price action pattern and successfully closes a daily candle above the $150 level, there is a strong likelihood that it could surge by 10% and reach the $165 level in the coming days.
Current Price Momentum
Currently, SOL is trading around $145.7, experiencing a price surge of over 5.2% in the past 24 hours. During the same period, its trading volume has increased by 7%, and future open interest has risen by 4.3%. This indicates a growing participation and interest among traders and investors.
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Solana (SOL)