Venture capitalist Chris Burniske, rival of Ethereum (ETH) wither It signaled that (SOL) may be preparing itself for a big move to the upside.
Burniske, a former ARK Invest analyst and now partner of venture capital firm Placeholder, could see a big rally for Solana if he can break the 200-day simple moving average (SMA) clearly. stated.
“It would be a fantastic move for SOL to definitively reclaim its 200-day SMA.”
SOL’s 200-day moving average is currently hovering around $23.
Koinfinans.com As we reported, SOL is trading at $22.42 at the time of writing.
Burniske previously said that if another bull market occurs, Solana’s next “Ethereum He predicted that there might be an opportunity at the “level”.
Last month, Burniske said:
“I think if I had to pick an ecosystem that was contentious and worth paying attention to, and it was undervalued because of its contention, it would be Solana. The last bear market ETH and bitcoin‘, because they were the only things liquid and on scale that could really be justified.
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