2024

Solana

Million

Billion

<p>The post <a href="https://coinpedia.org/price-analysis/solana-price-prediction-teases-50-upside-in-sol-price-if-this-level-breaks/">Solana Price Prediction Teases 50% Upside in SOL Price If This Level Breaks!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the crypto industry standing at the gates of a trillion-dollar market cap, the altcoins are preparing the stage for the next bull run. As the poster boy of bullish turnarounds in 2023, Solana finds its <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">SOL token price</a> ready for an explosion in 2024.&nbsp;</p> 
<p>Reclaiming the psychological mark of $100 and the remarkable growth of its network, the Ethereum-killer is rising ranks. Standing as the fifth-biggest crypto with a $49+ Billion market cap, Solana is the altcoin to watch in this phase of “Pre-Halving Rally.”&nbsp; Amidst such increasing bullish anticipations and the turnarounds reflecting remarkable growth, <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana’s price prediction</a> hints at a rally to the $500 mark.</p> 
<h2 class="wp-block-heading" id="h-will-sol-price-cross-past-115"><strong>Will SOL Price Cross Past $115?</strong></h2> 
<figure class="wp-block-image size-large">
 <img decoding="async" src="https://www.tradingview.com/x/32s0XEQ5/" alt="">
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<p>Source-<a href="https://www.tradingview.com/x/32s0XEQ5/">Tradingview</a></p> 
<p>With a bullish month and a rise in demand for Solana amidst the market recovery, the SOL price is sustaining dominance above $100. With an outstanding rise of 23% over the last four weeks and a remarkable jump in trading volume, Solana eyes a bullish breakout.&nbsp;</p> 
<p>Further, the weekly price trend showcases a strong resistance at the $115 mark, acting as the neckline of an inverted head and shoulder. Known for its trend reversal, the bullish pattern hints at the new high-powered bull run in Solana.&nbsp;</p> 
<p>Despite last week’s candle showcasing the 4.42% jump, the buyers fail to find a bullish closing above the neckline. Delaying the breakout run, the higher price rejection warns of a retest of $100.&nbsp;</p> 
<p>Nevertheless, with the market blasting off the bullish engines, the altcoin is setting the stage for a massive jump in the coming weeks or months.&nbsp;</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-opens-its-bull-market-doors-with-highest-weekly-close-heres-when-btc-price-may-hit-100k/">Bitcoin Opens its Bull Market Doors With Highest Weekly Close: Here’s When BTC Price May Hit $100K</a></p> 
<h2 class="wp-block-heading" id="h-is-the-solana-network-bouncing-back">Is The Solana Network Bouncing Back?</h2> 
<p>Amidst the bounce back in the DeFi Space, the Solana network is displaying signs of revival and healthy growth. As it approaches the $2 Billion TVL, the rising number of active users on the Solana Network is a testament to a turnaround.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="274" src="https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127-1024x274.png" alt="" class="wp-image-271047" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127-1024x274.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127-300x80.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127-768x205.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127-1536x411.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127-150x40.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/19120758/image-127.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>With 21.63 Million users in January 2024 and 12.59 Million till 18th February, it reflects a potential Month-on-Month growth trend continuation.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-how-high-will-solana-go-this-bull-run">How High Will Solana Go This Bull Run?</h2> 
<p>With the high anticipations around the inverted head and shoulder pattern, the SOL price is preparing for a bullish breakout. However, the sideline traders are awaiting a bullish closing above $115 in the weekly timeframe for a better confirmation.&nbsp;</p> 
<p>Solana can go as high as $158 in case of a positive outcome in the coming weeks.&nbsp;</p>

Solana Price Prediction Teases 50% Upside in SOL Price If This Level Breaks!

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