– Solana price, at the time of writing, is trading just under $70 after rising by more than 6.5% in the last 24 hours.- Solana has outperformed every major cryptocurrency this year, rising by nearly 600% year to date.- The bullish cues suggest a further rise is on the cards, pushing SOL to a 19-month high.Solana price is continuing its dream run despite the challenges faced by the crypto market since the beginning of the year.
The altcoin is close to marking not only a fresh year-to-date high but also a 19-month high.Solana price to see more green Solana price can be seen trading at $69 at the time of writing, rising by over 6.5% in the last 24 hours.The cryptocurrency is inching closer to breaching the $70 mark to test the resistance level at $71.
Invalidating this barrier is crucial for SOL to secure the recently achieved gains and also mark the highest price point noted by the cryptocurrency since May 2022.In fact, year to date, SOL has been the only major altcoin, or cryptocurrency, for that matter, that has come close to even marking a rally as significant.Rising by 600%, SOL holders have witnessed spectacular profits and might continue to do so once Solana price is pushed beyond $71.
Year-to-date performance of top cryptocurrencies The price indicators – the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) – are both exhibiting bullish signs at the moment.This supports the bullish expectations from Solana price breaching $70.
SOL/USD 4-hour chart However, if the breach fails, SOL would most likely fall back to $66.Moving sideways would give it a chance at reigniting the rally, but a fall through this support line would invalidate the bullish thesis, causing a crash to $64 or $61.Information on these pages contains forward-looking statements that involve risks and uncertainties.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
You should do your own thorough research before making any investment decisions.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.The author will not be held responsible for information that is found at the end of links posted on this page.If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
The author has not received compensation for writing this article, other than from FXStreet.FXStreet and the author do not provide personalized recommendations.The author makes no representations as to the accuracy, completeness, or suitability of this information.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [Bitcoin price could retrace to $42,000 if US Nonfarm Payroll comes in at 180,000](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-could-retrace-to-42-000-if-us-nonfarm-payroll-comes-in-at-180-000-202312080105) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-could-retrace-to-42-000-if-us-nonfarm-payroll-comes-in-at-180-000-202312080105) Bitcoin price just like other assets, is highly impacted by the macro-financial developments.This includes the Nonfarm Payrolls (NFP) report released by the Bureau of Labor Statistics (BLS) of the United States.
This time around, the NFP data is expected to cause a dip in the value of BTC.[More Bitcoin News](https://www.fxstreet.com/cryptocurrencies/bitcoin) [Ripple is now only 3% away from becoming a bigger entity than Binance Coin](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-rally-may-cause-ripple-to-surpass-binance-coin-in-market-capitalization-202312072112) [](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-rally-may-cause-ripple-to-surpass-binance-coin-in-market-capitalization-202312072112) Ripple has overcome a lot of obstacles on its way to becoming the world’s fifth-largest cryptocurrency, as witnessed by the recent rise in XRP price.The native token of the world’s biggest crypto exchange, Binance Coin, on the other hand, has been moving in the opposite direction.
[More Ripple News](https://www.fxstreet.com/cryptocurrencies/ripple) [Ethereum leads altcoins north as Bitcoin halts amid bull trap fears](https://www.fxstreet.com/cryptocurrencies/news/ethereum-leads-altcoins-north-as-bitcoin-halts-amid-bull-trap-fears-202312072359) [](https://www.fxstreet.com/cryptocurrencies/news/ethereum-leads-altcoins-north-as-bitcoin-halts-amid-bull-trap-fears-202312072359) Ethereum (ETH) price remains northbound, unrelenting despite the king of cryptocurrency, Bitcoin, showing weakness.Behavior analytics tool Santiment observes that Ether and altcoins are on a tear even as BTC momentum fades.[More Ethereum News](https://www.fxstreet.com/cryptocurrencies/ethereum) [Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC headstrong as Spot ETF talks reach technical stage](https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-eyes-50-000-as-bloomberg-spells-new-crypto-supercycle-202312051900) [](https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-eyes-50-000-as-bloomberg-spells-new-crypto-supercycle-202312051900) Bitcoin (BTC) price remains steadfast on the higher timeframe, amid news that spot BTC exchange-traded funds (ETF) discussions are now at the technical stage of approval.Specifically, talks with Spot BTC ETF issuers have advanced to key technical details, with Reuters indicating that it could signal a shift toward a potential approval.[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies) [Analyzing potential $30k corrections ahead of BTC ETF approval](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-analyzing-potential-30k-corrections-ahead-of-btc-etf-approval-202312011210) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-analyzing-potential-30k-corrections-ahead-of-btc-etf-approval-202312011210) Bitcoin has slowed down its 2023 bull rally as it approaches the $37,000 level.
After three weeks of consolidating around this level, BTC shows no directional bias whatsoever.Some investors speculate this could be an upward-sloping accumulation that leads to a $40,000 rally.[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-analyzing-potential-30k-corrections-ahead-of-btc-etf-approval-202312011210).
