Solana Gains More Than Bitcoin as Trader Speculates an 'Extreme Move' Is Ahead
Summary
Solana's SOL and Cardano's ADA led gains among major cryptocurrencies, with SOL reclaiming the $100 level and ADA posting a 7% advance. This comes as Bitcoin's rally to four-week highs above $45,000 rejuvenated the crypto market. SOL and ADA were the only cryptocurrencies in the CoinDesk 20 Index to outperform Bitcoin's 3% daily advance. A pseudonymous crypto trader suggested further gains for SOL due to its current chart pattern. The broader altcoin market also shows bullish signs, with the total market capitalization of cryptocurrencies excluding Bitcoin and Ethereum showing signs of bouncing off from oversold levels.
