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Why the Solana Coin May Have Bottomed Out  The So

Why the Solana Coin May Have Bottomed Out 

The Solana coin dropped to the $120 support zone earlier this week. However, it has been steadily climbing up, currently trading above $140. With the bottom seemingly in, some top analysts consider SOL the most promising crypto to buy now. 

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Like XRP, SOL ETFs are also live. Institutional investors now have indirect exposure to the Layer-1 coin, which is expected to contribute to a significant jump in the Solana coin price. 

Florian, a crypto analyst on X (formerly Twitter), has a $490 target for the Solana coin this cycle. With quantitative tightening (QT) officially coming to an end and a rate cut expected in December, a big leap is on the table, with SOL hailed by some as the best crypto to buy now. Although for higher gains, $TAP is a better pick due to its smaller market size. 

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