Solana rally gains momentum as traders target $200 target amid bitcoin gains

According to Cointelegraph: Solana (SOL) rose 5.3% and traded above $167 after Bitcoin's election-induced rally to $70,550. With traders setting a target closer to $200 for SOL, blockchain data and derivatives indicators point to the potential for further gains in the near term. Solana's recent gains highlight its resilience and correlation to Bitcoin's performance, attracting traders looking to capitalize on the broader crypto rally around the U.S. presidential election.

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