SOL price discovery not over, WIF and LNEX see massive inflow

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Solana (SOL) shows a bullish trend as Dogwifhat (WIF) and Lunex Network (LNEX) attract investor inflows.

The crypto market is picking up steam, with Solana (SOL) showing green price charts. Market analyst Jackis thinks that price discovery could come soon for this altcoin. Meanwhile, investors are looking at other crypto coins, including Dogwifhat (WIF) and Lunex Network (LNEX), for potentially bigger returns.

While WIF is an established meme coin, LNEX is a presale star. It has given early buyers a 175% return, and with its potential to transform DeFi, experts foresee a 7x surge for LNEX in 2025.

Jackis: Solana price discovery may still come

Solana is one of the top crypto coins at the moment. CoinMarketCap shows that the Solana price jumped from $173 to $239 on the one-month chart, an increase of nearly 40%. In addition, the Solana market cap moved past the $110B mark for the first time.

Crypto analyst Jackis remains optimistic for Solana. In his X post, Jackis suggested that the altcoin may be a good long play as price discovery is still in the cards.

TradingView shows that the Solana crypto is valued above its 20-day EMA of $227 and its 30-day EMA. Additionally, its bull-bear power indicator sits at -23.40, opening the door for buyers to take charge if bullish sentiment continues.