On November 5th, Google announced that the Google Cloud would run a validator on the Solana blockchain. This news caused the SOL price to spike by nearly 15%. However, the bulls couldn’t maintain the momentum for too long; thus, the currency began trending toward the south in the early hours of today.
At the time of publication, Solana is selling at $31.14 after a drop of 13.48% over the past 24 hours. An immediate support is near the $28 level, and resistance is near $35.
Solana Price Beyond $40?
A well-known crypto strategist, anonymously known as Cantering Clark, informed his 149,500 followers on Twitter that Ethereum competitor, Solana, will soon claim a massive bull run. He said he was very excited to have FTX CEO Sam Bankman-Fried side-by-side with Solana.
The analyst claims that if Solana manages to regain $34.50, then the currency can easily trade beyond $40.
He is not alone about this approach. Amar, another crypto analyst, is also on the same page as Clark. Amar tries to inform his 180,000 followers on Twitter that Solana is about to head towards the $50 goal.
Even a popular analyst, Altcoin Sherpa, has joined the agreement. He believes that Solana will hit the $40 target in the coming weeks.
It’s essential to understand that each analyst has their own set of facts based on which they predict specific targets for the assets. Hence, if Solana has to make its bullish move, then the altcoin should first capture its price trend above $34 before moving past $40.
