</p> <p>Solana opened this month on high momentum, consistently posting<br /> notable gains over the past few days. SOL scored a weekly high of<br /> $45.36 on November 1 before receding. But after a brief decline to<br /> the $40 price level, the bulls have regained momentum, intent on<br /> pushing closer to $50 this time. But it remains to see if SOL bulls<br /> have enough momentum to rally that high. SOL Bucks All Odds As It<br /> Vies For Higher Highs Despite the high volatility in the altcoin<br /> market, Solana (SOL) has refused to back down. The Ethereum killer<br /> has continued its uptrend in the past two weeks, making it one of<br /> the top-gaining cryptocurrencies today. SOL graces the top gainers’<br /> list as the fifth-highest gainer in today’s trading session. Solana<br /> is trading at $43.23, with over 3% price increase in the last 24<br /> hours. Related Reading: Defensive Moves: XRP Bulls Firmly Shield<br /> $0.66 Before Ripple Swell 2023 Solana Bulls have continued to fight<br /> off significant sell pressure caused by FTX-related<br /> transfers. The crypto exchange is selling millions of crypto<br /> assets to pay its debts to customers as it seeks a fresh start.<br /> Reports revealed that the court approved FTX to sell $3 billion<br /> worth of crypto assets frozen on the exchange since last year.<br /> On-chain data from Spot On Chain shows that the defunct crypto<br /> exchange FTX owns millions of SOL coins. According to Spot on<br /> Chain’s latest updates, FTX and Alameda have transferred<br /> approximately $223 million worth of Solana coins to<br /> exchanges.  However, these large inflows of Solana in the<br /> market didn’t cause a decline. Instead, SOL’s price entered a<br /> rising channel, initiating an uptrend. The most significant upturn<br /> was when the crypto breached the critical resistance at $22 in<br /> mid-October. SOL has been unstoppable since then, crossing the $30<br /> price mark and rising above $40, a position it has maintained in<br /> the last few days. Solana’s price is now over 86% higher than its<br /> past month’s value, with a 9.70% seven-day price increase,<br /> according to CoinMarketCap data. SOL Market Outlook As It Flips<br /> Over A Multi-month Trendline  As depicted on the chart below,<br /> SOL has broken from a multi-month trendline channel, flipping a<br /> significant resistance level at $27.58 to support. The $27<br /> price level is the new trendline pivot as it forms a new channel.<br /> If SOL manages to remain above the $42 price level, given the<br /> ongoing bullish momentum, the next target price is $46.83.<br /> Maintaining this level could facilitate more rallies to $50 in the<br /> coming days. But buyers have to apply more pressure to remain in<br /> control. However, if the bears fail to maintain the $42 price, SOL<br /> could decline to $39 and subsequently to $31.43 if the bears mount<br /> more pressure. Meanwhile, SOL continues to live up to its alias,<br /> the Ethereum Killer. An update from on-chain data provider Kaiko<br /> shows that SOL has outperformed Ethereum since September. Related<br /> Reading: Market Makers Bet Big On Bitcoin Price Surge: Expert The<br /> increase in the SOL/ETH ratio since September confirms this<br /> assumption. The SOL/ETH ratio has climbed from 0.011 to nearly<br /> 0.025 and is now back to the pre-FTX collapse levels. Featured<br /> image from Shutterstock and chart from TradingView.com</p> <div style="margin-top: 10px; padding-top: 10px; border-top: 2px solid lightgrey;"> <div style="width: 320px; text-align: center; display: inline-table;"> Ripple (COIN:XRPUSD)<br /> Gráfico Histórico do Ativo<br />De Out 2023 até Nov 2023</p> <p><img decoding="async" data-symbol="COIN%5EXRPUSD" data-period="1" data-type="15" border="0" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20280%20175'%3E%3C/svg%3E" width="280" height="175" title="Click aqui para mais gráficos Ripple." alt="Click aqui para mais gráficos Ripple." itemprop="image" data-lazy-src="http://www.bing.com/p.php?pid=staticchart&s=COIN%5EXRPUSD&p=1&t=15&width=280&height=175"/><noscript><img decoding="async" data-symbol="COIN%5EXRPUSD" data-period="1" data-type="15" border="0" src="http://www.bing.com/p.php?pid=staticchart&s=COIN%5EXRPUSD&p=1&t=15&width=280&height=175" width="280" height="175" title="Click aqui 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