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Crypto bulls dominate as Bitcoin hits $81,600, sparking a surge in Solana, Shiba Inu, and IntelMarkets’ AI-driven platform.
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The current session witnesses that the crypto realm is dominated by bulls. This increase coincides with Bitcoin reaching a new all-time high of $81,600, which fueled a larger cryptocurrency surge. Following Bitcoin’s surge, altcoins like Solana (SOL) and Shiba Inu are also on an ascending trajectory.
Analysts are particularly astonished by the ascending trajectory of IntelMarkets- an emerging AI-driven platform- which is replicating Solana’s gains. It has also secured $150,000 from SHIB whales!
Solana reaches new yearly high, eyes record levels
After hitting a new yearly high of $224 on Monday, following an almost 30% rise the week before, Solana (SOL) is trading a little lower on Tuesday. With a target set for a new all-time high of $276, the technical picture points to a bullish breakout pattern and rally continuation.
As Solana‘s open interest hit a new all-time high on Tuesday, indicating a flood of fresh capital, and its DEX trading volume hit its highest level since mid-April, on-chain data further bolsters the optimistic thesis.
According to Solana’s weekly chart, it broke above the parallel channel pattern that slopes downward at about $210.18 and rose over 29.25% last week. Two trendlines (from early March to October) are used to connect several weekly highs and lows to create this pattern. A weekly close above the breakout level indicates a breakout of this pattern, which is favorable to the bulls.
It is still rising as of this week, surpassing its
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