- The co-founder of BitMEX, Arthur Hayes, predicted that SOL could rise to $100 soon.
- Hayes’ prediction comes after the altcoin managed to break above the strong $70 resistance.
- A bullish chart pattern and technical indicators suggested that SOL’s price could continue rising in the coming week.
The co-founder of BitMEX Arthur Hayes revealed that he is very bullish on Solana (SOL) in an X post published earlier today. In the post, Hayes revealed that he sees the altcoin rising to as high as $100 in the next few days.
Fuck yo couch … $SOL = $100 pic.twitter.com/8nnfJcnwRX— Arthur Hayes (@CryptoHayes) December 8, 2023
This post follows shortly after the cryptocurrency managed to break above a key resistance level over the past 24 hours. During this period, SOL overcame the $70 mark. It also continued to trade above this level at press time.
Daily chart for SOL/USDT (Source: TradingView)
Should SOL close a daily candle above $70 today, it may have the foundation needed to move toward the $100 mark. Supporting this bullish thesis is an ascending triangle pattern that has formed on the altcoin’s daily chart. This specific pattern emerged after SOL r…
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