Can Solana (SOL) Price Reach a New All-Time High in the Next 12 Hours?
After successfully deposing Binance Coin (BNB) Ranked fourth last week, Sonala (SOL) is now gearing up for a long-awaited price discovery rally. The large-cap altcoin has surged more than 50% in the past two weeks and was trading around $242 during early European trading on Monday, November 18.
As a result, Solana has joined the ranks of Ethereum (ETH) and Bitcoin (BTC) with a market capitalization of over $100 billion. As of this writing, Solana has a market capitalization of approximately $115 billion and average daily trading volume of approximately $11 billion.
As Solana surges 50% and eyes new ATH, see if it can reach $280 next – read the latest updates Solana Price Prediction Now!
Solana’s next price target is $280
Solana price recently broke out of a multi-month consolidation that began in March of this year. Following its impressive performance over the past three weeks, Solana price is about 6.5% away from retesting the all-time high set in November 2021 at around $259.
From a technical perspective, Solana price is currently targeting the next liquid range between $280 and $327, which coincides with the daily Fibonacci extension lines at 2.618 and 3.618. In addition, every week relative strength index The RSI (RSI) rose above 70 for the first time since April this year.
However, Solana price is likely to retest the support around $181 before rebounding towards a new ATH. Increased cryptocurrency volatility, triggered by massive liquidations by leveraged traders, has set the stage for extreme counterfeiting.
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A solid foundation
this Recent Solana Bullish Breakout There is an increase in on-chain activity driven by FOMO traders, especially in the memecoin space. For example, Solana’s weekly DEX trading volume surpassed that of Ethereum, and for the first time exceeded all of its Layer 2 trading volumes combined. Solana’s DEX trading volume has surged to over $63 billion so far in November, setting a new ATH.
this Solana Ecosystem Benefit significantly from current mainstream adoption Network 3 Projects and digital assets for institutional investors.
FAQ
As of today, Solana (SOL) is trading at around $242.39, reflecting the positive movement in the market
According to Solana’s price predictions, SOL could reach $750 by the end of 2025 and could surge to $1,672 by 2030
Solana (SOL) has a Strong Buy rating in the Technology, MA, and OS categories, with an RSI of 75.54, indicating strong bullish momentum. With a positive MACD and strong market activity, SOL appears to be a solid buy right now.
