Solana price has formed a falling wedge over the past few weeks and months. This wedge breaks out bullish in most cases and is a trend reversal formation. Since Solana price has already broken the upper trendline, we believe that the price is in the midst of a bullish breakout and is about to rally even more. In the short-term, the price could retest the trendline to confirm the breakout, however, this is unlikely in our view at this time. Instead, we assume a direct increase towards the target area.

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There is no denying that Solana price should breach its previous psychological price of $200 and reach its ATH of $260. Ont the other hand, good traders should position themselves to current price action. Once the crypto market goes back to its bullish trend, Solana should bounce back stronger. Now for the short-term.

The target of the falling wedge should be around $125, targeting the high of the year 2022. However, this price increase does not necessarily mean that the Solana price will be bullish for the next few months. Instead, we expect Solana price to correct after hitting the $125 target. How long the correction will last and whether it will break below the current low of around $75 remains to be seen. This all depends on the current macro conditions of the cryptocurrency market as a whole. If the crypto market continues to fall lower, we can see Solana prices back down to those levels again. We will soon be addressing these questions in the next Solana price prediction.

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With the new bullrun in sight, there are new opportunities to achieve high returns in the crypto market. In recent months, the so-called "Ethereum killers" have proven to be extremely good investment opportunities. What is the status of these cryptocurrencies and what does their future look like? Let's find out 😉

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We've talked a lot about Cardano in the past few weeks. The ADA token made a strong jump in price even before the big Bitcoin rally a few weeks ago. This was due to the announcement of the details of the new major update at Cardano - Basho. Basho is the next big step in the development of the Cardano blockchain.

Basho increases the scalability of the blockchain. Cardano should thus achieve an unprecedented transaction speed of up to 100,000 transactions per second. Overall, the efficiency of smart contracts and the blockchain in general increases massively. Cardano could actually become a serious Ethereum competitor and a true Ethereum killer in 2022.

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Solana was the fourth quarter's shooting star in the crypto market. The SOL token has made a massive ascent in recent months, even outperforming Cardano’s ADA token. Above all, the high speeds of up to 10,000 transactions per second made Solana so popular and made the blockchain an "Ethereum killer".

Now is an ideal time to jump into these Ethereum killers. Buy these cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Despite the successes on the market, the Solana network is repeatedly plagued by problems. Thanks to the proof-of-history consensus mechanism, the blockchain can process transactions super fast. But there are always problems with network overload. The network has crashed again in the past few days. Solana needs to address these issues to stay relevant in 2022.

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The third “Ethereum killer” that also hit screens at the end of the year is Avalanche. This network also stood out due to its high transaction speeds and high scalability. The AVAX token made it into the top 10 cryptocurrencies in the last few weeks of 2021. 

In the last few weeks, Avalanche has been a little out of breath. While the number of applications running on smart contracts increased overall, the total locked value (TLV) fell by an overall 20% in January. Avalanche has to prove itself as an "Ethereum killer" in the face of strong competition in the coming months.

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Solana's price was previously in a bull flag that could break out soon. The price reached a GoldenPocket, which is why an assumption of a breakout was imminent. However, the price has fallen again to the +/- $ 148 support. Subsequently, there was a pump on the upper trend line of the bull flag. A brief bearish reaction happened, but it appears that the Solana price is now breaking out of the formation in a bullish manner! Let's jump into this Solana Price Prediction and show some medium-term goals before the $ 300.

If you always want to be up-to-date in the crypto market, we recommend our Premium Discord. There you will receive trading ideas and professional trading support. You also get access to our analysis videos and our premium articles. Our Premium Discord is not just about trading, however. Here you will also find out the latest crypto trends early enough, from which you can benefit massively.

The Solana price broke the upper trend line today. However, the price needs to remain above the trendline for the next few days to confirm that the price has broken out of the bull flag. It can still happen that we are now completely sold off and it was just a fakeout. 

We are not assuming that this is the case, however. From now on, we expect it to rise to the $ 216 resistance. After that target is reached, the price could rise to $ 235, then $ 260, and finally $ 320. The $ 320 is the bull flag's ultimate goal. From then on we would slowly start to book profits, as the course could start to correct from this point. The bull run may already be over by then, which is why there could be a blowoff top (quick sale within a few days).

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