$SOL Up 69% Since Celsius Halted Withdrawals, Crypto Analyst Loving Price Action

On Tuesday (July 19), $SOL, the native token of the Solana blockchain, is trading above the $45, having surged over 14% within the past 24-hour period, and a minimum of one crypto analyst is loving its price action.

According to data by TradingView, on crypto exchange FTX, currently (i.e. as of 6:53 p.m. UTC on July 19) $SOL is trading around $45.97, up 14.19% within the past 24-hour period. Today’s intraday high of $47.25 was recorded at 1:27 p.m. UTC.

What is even more impressive is that since June 13, when crypto lender Celsius announced on its blog that because of “extreme market conditions” it absolutely was “pausing all withdrawals, Swap, and transfers between accounts”, $SOL has gone from $27.14 to $45.97, which could be a gain of 69.38%.

As for $SOL’s performance vs $BTC, since June 13, SOL-BTC is up nearly 77% (from 0.0011110 to 0.0019634).

This led popular pseudonymous crypto analyst and trader “DonAlt” to inform his over 416K Twitter followers that SOL-BTC is “finally closing in on resistance,” and “if that resistance should break it’s just about at ATH again.”

$SOL update:

SOL/BTC almost erased all bear market losses
Down a measly 50% from ATH.
Up pretty much 100% from the bottom.

Finally closing in on resistance, if that resistance should break it's pretty much at ATH again.

Fun fun fun. pic.twitter.com/rQnAO8PXF2

— DonAlt (@CryptoDonAlt) July 19, 2022

A few hours later, another pseudonymous analyst/trader — |Crypto Rand” — told his over 288K Twitter followers that his technical analysis of SOL-USDT says that $80 is that the next target for $SOL, which agrees with what “DonAlt” said yesterday:

$SOL breaching up the key resistance.

✅ Next target is $80 pic.twitter.com/SYtIDcDqzZ

— Crypto Rand (@crypto_rand) July 19, 2022

$SOL update:

Up ~50% on my position and not really feeling any rush to sell.

It's at range high here, the easy obvious trade is done but I'm willing to stick my neck out and hold a while longer.

If nothing drastic changes I'll be targeting $80. pic.twitter.com/XRZumUP7O8

— DonAlt (@CryptoDonAlt) July 18, 2022