According to a popular cryptocurrency analyst, Solana could be at the beginning of a macro-uptrend.
Rekt, a pseudonymous trader on social media platform X told his 483,100 fans that Ethereum’s (ETH) rival had performed a green circled weekly candles close.
SOL was trading for $172.20 when this article was written. SOL, the 5th most valuable crypto asset in terms of market capitalization, is currently trading at $172.20.
Rekt says that Dogecoin, the most popular meme currency (DOGE), also broke out of its downward trend “months” ago.
Since then, DOGE is successfully testing the Macro Downtrend to serve as a new support.
A successful retest would confirm that the Macro Downtrend is over and a Macro Uptrend has begun.”
DOGE was trading at $0.13 as of the time this article is written. The ninth-ranked cryptocurrency asset in terms of market capital is up over 3% for the last seven days but down more than 5 percent in the previous 24 hours.
Rekt claims that Bitcoin’s (BTC) “history indicates” it could reach new highs within the next two month.
BTC currently trades at $65,676 as of the time this article was written.
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