The broader cryptocurrency market has registered a solid uptick over the past week, with Solana (SOL) standing out as one of the biggest gainers.<\/p>\n
Ethereum briefly climbed past $2,500, prompting analysts to turn even more bullish on the asset, while Bitcoin may not be out of the woods yet.<\/p>\n
Solana\u2019s native token has soared by 40% over the past week, and earlier today (August 28), it jumped to almost $110, its highest level witnessed since January this year. As of this writing, it trades at around $105 (per CoinGecko), boasting a market capitalization of roughly $61 billion.<\/p>\n
The improved condition of the crypto sector appears to be the main catalyst for the ascent, while rising institutional interest may also be a positive factor. According to SoSoValue, spot SOL ETFs have recorded eight consecutive green days; the last time this was observed was in May 2026. Another optimistic element is the return of the whales, some of whom spent<\/a> millions of dollars to re-enter SOL\u2019s ecosystem.<\/p>\n Analysts on X are predominantly bullish on the asset. Daan Crypto Trades claimed<\/a> that everything \u201clooks good\u201d as long as the price remains above $98, whereas SKYLINE argued that it is only a matter of time before SOL rises beyond $150. X user Fuel is even more optimistic, envisioning an eventual explosion to $1,000.<\/p>\n Meanwhile, Sweep took a cautious tone, saying that a collapse to $70 remains possible. However, \u201cafter that, Solana will go parabolic,\u201d he added. If you are curious to check additional SOL forecasts, take a look at our video here.<\/p>\n Several hours ago, the second-largest cryptocurrency briefly surpassed $2,500 before slightly retreating below that level. That mark seems to be a major turning point, with X user Gerla suggesting<\/a> that a clean break above could mark the beginning of a new bull run.<\/p>\n For his part, Ted claimed that a weekly close beyond $2,550 could be followed by a further pump to $3,000. The shrinking amount of ETH stored on exchanges supports the bullish outlook. According<\/a> to Santiment, holders have withdrawn 1.4 million coins from centralized platforms since June, effectively decreasing immediate selling pressure.<\/p>\n Of course, there are some pessimists as well. X user Nonzee, who recently envisioned<\/a> a short-term crash in BTC to $45,000, opined that ETH could nosedive to $1,500 before starting a fresh rally.<\/p>\n The primary cryptocurrency has been hovering in the $79,000-$81,000 range over the past few days, indicating a strong uptrend relative to levels at the beginning of the month.<\/p>\n Nonetheless, some market observers did not rule out a possible collapse ahead. Gerla believes<\/a> that BTC must take a clean break above $82,000 or otherwise it risks falling below $60K. X user cyclop shared a similar thesis, claiming that if the asset fails to hold beyond $83,000, it could drop to $50,000 by November.<\/p>\n The analytics platform CryptoQuant is more optimistic, arguing<\/a> that the current conditions may represent the early phase of a bull run. At the same time, the firm noted that the price needs a daily close above $83,000 for confirmation.<\/p>\n The post Solana\u2019s (SOL) Strong Rally, The Latest Ethereum (ETH) Forecasts, and More: Bits Recap August 28<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The broader cryptocurrency market has registered a solid uptick over the past week, with Solana (SOL) standing out as one of the biggest gainers. Ethereum briefly climbed past $2,500, prompting analysts to turn even more bullish on the asset, while Bitcoin may not be out of the woods yet. SOL\u2019s Pump Solana\u2019s native token has […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-219548","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/219548"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=219548"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/219548\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=219548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=219548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=219548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What\u2019s Next for ETH?<\/h2>\n
BTC in Danger<\/h2>\n