bullish

Solana

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
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   <li>The SOL price soars over 3% in 24 hours and reclaims the $240 mark.</li>  
   <li>The technical indicators record a mixed price sentiment, highlighting increased price volatility.</li>  
   <li>Sustained bullish action could push the price toward the $300 mark.</li> 
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  <p>The Solana price has maintained its 04th position in the crypto market with a monthly surge of over 40%. Moreover, with on-chain sentiments intensifying, the Solana project titled the “Ethereum Killer” seems to be coming to fruition.</p>  
  <p>With the current market sentiment, is this a good time to buy Solana? Read CoinPedia’s Solana price analysis article to uncover the possibilities!</p>  
  <h2 class="wp-block-heading" id="h-sol-price-hints-at-a-strong-bullish-reversal">SOL Price Hints At a Strong Bullish Reversal!</h2>  
  <p>With an intraday jump of 2.64% and a trading volume of $3.604 billion, the Solana price has reclaimed the $240 mark with a 24-hour high of $246.78. Moreover, it is currently trading at a discount of 6.53% from its ATH.</p>  
  <figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/29192017/Solana-Price-Analysis-29th-November-2024-1024x541.webp" alt="Solana Price Hints At a Strong Bullish Reversal!" class="wp-image-387192">
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    TradingView: SOL/USDT
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  <p>The Simple Moving Average (SMA) acts as a resistance to the price chart in the daily time frame. This hints at an increase in the bearish sentiment for the altcoin in the crypto market.</p>  
  <p>The MACD indicator shows a steady rise in the red histogram with its averages recording a bearish crossover, suggesting a bearish outlook for the Solana price in the upcoming month.</p>  
  <h2 class="wp-block-heading" id="h-will-solana-rise-back-up">Will Solana Rise Back Up?</h2>  
  <p>If the bulls regain momentum, the SOL coin price will retest its resistance level of $250. Maintaining the price above that level could set the stage for it to head toward its upper high of $300 this year.</p>  
  <p>On the flip side, if a bearish reversal occurs, the Solana token will retest its low of $210. Furthermore, with increased selling pressure, this altcoin may plunge toward its lower support level of $181.</p>  
  <p>Curious to explore if the SOL coin price will hit $500 this crypto bull run? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana price prediction</a> article and also subscribe to us to stay updated on the latest crypto news first!</p>  
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
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   <div class="schema-faq-section" id="faq-question-1732888043971"><strong class="schema-faq-question"><strong>How much is Solana worth today?</strong></strong>
    <p class="schema-faq-answer">The SOL coin price is currently exchanging hands at $241.99 with a trading volume of $3.604 billion.</p>
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   <div class="schema-faq-section" id="faq-question-1732888044664"><strong class="schema-faq-question"><strong>Is SOL a buy or sell?</strong></strong>
    <p class="schema-faq-answer">With a YTD return of +138.37%, the Solana token is a strong buy for the long-term prospect.</p>
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   <div class="schema-faq-section" id="faq-question-1732888045393"><strong class="schema-faq-question"><strong>Can Solana hit $1000 USD?</strong></strong>
    <p class="schema-faq-answer">The SOL token may achieve this price target by the year 2028.</p>
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Solana Price Analysis: SOL On-chain Sentiments Hint A Breakout Rally?

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