The Solana price has managed to retest its important level of support, which made it possible to exceed the $ 240 mark. With this, the Solana token is back under the spotlights of the best investors and institutes while the cryptography market provides very well a launch announcement of Solana ETF in the first quarter of 2025.
In the midst of such volatility on the cryptocurrency market, will Solana’s price maintain its positive influx and will he head for a new ATH in the time to come? In this article, we provide you with possible short -term market trends and Solana prices analysis!
Coin floor price recordings have increased volatility!
The Solana price jumped out of 7% in 24 hours with a negotiation volume of $ 8.497 billion. In addition, this Altcoin has added 23.16% in the last 30 days and has a YTD yield of + 24.16%. This indicates an increase in bullish feeling.
Given the long -term perspectives, increasing adoption and the launch of more fundamentally solid projects in the Solana ecosystem could generate its price to a new summit. In addition, a fundamentally strong upgrading / improvement in the congestion of the Solana network could also serve as a catalyst in the overvoltage of soil prices.
Solana Technical Feelings
The simple mobile average (SMA) experienced a downward convergence within the daily time. This highlights an increase in sales pressure on the purchase for Altcoin on the cryptocurrency market.
On the other hand, the RSI indicator has maintained its value above the neutral point despite its average trend recording a negative crossing. This suggests a mixed price action for the 05th largest cryptographic token by market capitalization this week.
Will Sol Price will reach $ 300?
If the Solana price holds its higher value to its large level of support of $ 237.50, this could lead to the reduction in Solana price of its immediate level of resistance of $ 250. Maintaining the higher price at this level could open the land so that it goes to its top top of $ 270.
However, if the Bears exceed the Bulls, the price of the floor room could decompose its significant support tendency and dive towards its $ 210 support in the next moment.
Do you plan to stack more ground token before the kicks of the Altcoin season? Read the prediction of Solana prices to explore any long -term price prospects!
Faq
Solana’s price can reach this $ 100 stage price with an overvoltage of 319.93% in its current evaluation.
If the bullish feeling argues, the price of the floor room could reach a top of $ 400 This year.
By 2030, Solana’s price could go between $ 716 And $ 1 351 If the bullish feeling argues.
At the time of writing, the value of a crypto soil token was $ 238.13.
