Solana's Surge: Is a New Altcoin Season on the Horizon?
TL;DR Summary
Solana (SOL) has reached a new milestone with a 20% price increase, pushing its market capitalization dominance to an all-time high of 3.8%. This surge has sparked speculation about the onset of a new altcoin season, although the Altcoin Season Index remains at 37, indicating a Bitcoin-favored market. Despite this, a decline in Bitcoin's dominance to 55.7% suggests potential for altcoins to gain traction. However, Solana's RSI indicates it is overbought, suggesting a possible price correction.
- Solana’s new ‘all-time high’ – Will this trigger an altcoin season? AMBCrypto News
- Solana open interest hits record high: Will SOL top $200? Cointelegraph
- Ethereum Rival Solana in All-Time High ‘Waiting Room,’ Says Crypto Analyst – Here’s His Outlook The Daily Hodl
- How Solana Meme Coins and DeFi Pushed SOL Above $200 Decrypt
- ‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest CoinDesk
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