bullish

Solana

Story

Read

Rise

<div id="story-highlight-pattern-block" class="wp-block-group">
 <div id="story-highlights" class="wp-block-group">
  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
  <ul class="wp-block-list story-highlights-list">
   <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> 
  </ul>  
  <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">
   <figcaption class="wp-element-caption">
    TradingView: SOL/USDT
   </figcaption>
  </figure>  
  <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>  
  <div class="schema-faq wp-block-yoast-faq-block">
   <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>
   </div>
   <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>
   </div>
   <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>
   </div>
  </div> 
 </div> 
</div>

Solana Price Analysis: SOL On-chain Sentiments Hint A Breakout Rally?

Table of Contents

CoinPedia News

Other articles published on Nov 29, 2024

Teenage Crypto Star Who Earned $5M on SHIB Predicts the Next Memecoin to Deliver Massive Returns!

Silk Road's Ross Ulbricht Issues Thanksgiving Post After Teasing His Possible Coming Release

Floki Postpones Valhalla Mainnet Launch to Early 2025

Cardano (ADA) Price Prediction (Nov 29th): Bulls Target $1.247

American Miners Leverage Bitcoin in Response to Global Shifts Away from the Dollar

Bitcoin ETFs Hit Record $6.2 Billion Inflows Amid Growing Demand

Join our free newsletter for daily crypto updates!