Left (LEFT) After the price crosses the $100 level, it is aiming for an uptrend by taking place at an important breakout point. The altcoin, which seems to rise in price after the new partnership announced with the gaming giant Krafton, is getting ready to buy more.
Solana (LEFT) price Last week, it increased by about 12%. The altcoin started an uptrend posting double-digit gains and bolstering a bullish sentiment among investors. An analyst and YouTuber on InvestAnswers stated that he is optimistic against Ethereum’s rival Solana.
According to the server, a bullish breakout in Ethereum killer Solana is highly likely and he thinks there is not much in the way of the altcoin breaking through the resistance and targeting the $150 level.
“If Ethereum hits $4,000, I definitely see Solana going high, but you never know what might happen. […] Solana could weaken around $150.”
Interestingly, there were also upside developments on the Solana network. South Korean gaming giant Krafton has announced that it has partnered with Solana to develop blockchain games.
The company is famous for PUBG, one of the most popular games in the world, and Krafton is now preparing to participate in blockchain games as well. The gaming giant is trying to create a play-to-win (P2E) game as part of its Web3 offering.
Solana and Krafton have established a long-term collaboration to develop and operate blockchain and NFT-based games. Analysts evaluated the Solana price trend and identified a supply wall at $115. FXStreet analysts argue that a close above $100, the middle line of a linear regression channel, is bullish for the altcoin. Solana price could continue to rise until it breaks the supply wall at $115.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.