Solana (SOL) to $300 in 8 Weeks as Rexas Finance Crypto Price Aims for $24 from Under $0.24 Today
SOL has returned after a sharp correction that shook the broader crypto market. In just 24 hours, it jumped over 12%, signaling the possibility of a significant trend reversal. The coin found strong support around the $98–$100 zone and rebounded sharply, closing at $108. This move wasn’t just a lucky bounce—it came with the biggest spike in trading volume in the past month. Over 12 million SOL were exchanged within a day. Traders watch closely as Solana approaches the key resistance level at $112.99. If it breaks above, the next target could be $120, then $130–$140, where the 50-day and 100-day EMAs are stacked. But for now, SOL is forming what looks like a solid local bottom. The RSI is recovering from oversold levels, and MACD shows bullish momentum with multiple golden crosses. Beyond the charts, Solana is flexing its innovation muscle. It recently launched Confidential Balances, a privacy-focused, zero-knowledge-based token extension. This is a significant leap for enterprise-grade DeFi. Use cases like encrypted payrolls, private wallets, and secure B2B transfers show it’s serious about adoption beyond meme tokens and NFTs. Speaking of memes, the ecosystem’s top meme launchpad, PumpFun, is back with a rebranded live stream feature. While the tool faced backlash and bans in some regions, its return reinforces Solana’s role as a hub for retail energy and experimentation. That blend of developer innovation and retail hype could spark SOL’s need for a sustained rally. Even after dipping more than 18% last week, Solana’s bounce suggests it may have already bottomed. The $100 psychological level has held, and now bulls are testing the waters above. The rally could gain momentum fast as buying pressure sits near 99 (out of 100) and fresh volume flows in. If Solana breaks past $115 with strength, don’t be surprised if it aims for $140 next. If momentum holds, $300 isn’t far-fetched in the next eight weeks.
