{"id":177466,"date":"2023-10-20T00:41:50","date_gmt":"2023-10-19T19:11:50","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177466"},"modified":"2023-10-20T00:41:50","modified_gmt":"2023-10-19T19:11:50","slug":"solana-price-prediction-sol-jumps-to-25-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-price-prediction-sol-jumps-to-25-crypto-news\/","title":{"rendered":"Solana Price Prediction: SOL Jumps To $25 – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Solana price is defying the bearish pressure that has engulfed the crypto market following a remarkable upswing in\u00a0Bitcoin price to $30,000 earlier this week<\/span><\/a>. The competitive smart contracts token has shown extreme resilience for almost a year after being battered by the\u00a0FTX implosion saga<\/span><\/a>\u00a0in November which saw SOL drop to $8.<\/p>\n

Since the FTX crash, investors have questioned whether the blockchain network has a future. However, the Solana team has continued to prove itself time and time again by pushing out new updates and launching new products.<\/p>\n

<\/p>\n

According to a video shared by @Frankie_Candles, there is \u201cstill a lot going on behind the scenes in the Solana ecosystem. For instance, the total value locked (DeFi), which represents the dollar value of assets locked in the Solana DeFi smart contracts grew from $210 million in January 2023 to $331 in October, DefiLlama shows<\/span><\/a>.<\/p>\n

\n

This snippet is from my “Is Solana Dead” video. Despite the FTX fallout, $SOL<\/a> still has a lot going on behind the scenes!<\/p>\n

If you want to see the whole video, its on my channel, I will post the link on my X profile! pic.twitter.com\/De6j5aNGxx<\/a><\/p>\n

<\/p>\n

\u2014 Frankie Candles (@Frankie_Candles) October 19, 2023<\/a><\/p>\n<\/blockquote>\n

The real question, however, is whether Solana can perform as well as it did in the previous bull run where it tapped $260 in 2021.<\/p>\n

Can Solana Price Rally To $30?<\/h2>\n

Although Solana\u2019s recovery has been lock-step since the beginning of the year, the last 24 hours have seen bulls make a comeback, propelling Solana to $25. Up 4.6% SOL is trading at $24.72 on Thursday backed by $709 million in trading volume and $10 billion in market capitalisation.<\/p>\n

<\/p>\n

Solana bulls<\/a><\/span>\u00a0have this week, strengthened the bullish picture, first by upholding support at $25 and breaking above the upper dotted falling trendline. Traders also sought fresh exposure to SOL longs with the Moving Average Convergence Divergence (MACD) indicator sending a buy signal on the daily chart.<\/p>\n

\"SOLUSD<\/a>
SOL\/USD daily chart | Tradingview<\/figcaption><\/figure>\n

The call to buy SOL<\/span><\/a>\u00a0manifested with the MACD line in blue crossing above the red signal line. Note that the green histograms above the neutral area at 0.00 reinforce the bullish grip in addition to the momentum indicator\u2019s generally upward-slopping trend.<\/p>\n

A golden cross pattern on the same daily chart pattern shows that buyers have the upper hand. This pattern is formed when a short-term moving average flips above a long-term moving average, for instance, the 21-day EMA (red) and the 100-day EMA (blue) in Solana\u2019s case.<\/p>\n

Nevertheless, a daily close above $25 is required to validate the next climb targeting $30. Otherwise, traders may consider booking profits if SOL stays below $25 longer than expected which may trigger a sell-off back to $20.<\/p>\n

Related Articles<\/h3>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"\"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

John is a renowned crypto analyst and journalist, providing expert insights into both broad and focused aspects of the digital asset market. As a steadfast reporter, he keeps his audience updated with the latest news in the crypto sphere, delving into topics such as price trends, on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the ever-evolving metaverse. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Solana price is defying the bearish pressure that has engulfed the crypto market following a remarkable upswing in\u00a0Bitcoin price to $30,000 earlier this week. The competitive smart contracts token has shown extreme resilience for almost a year after being battered by the\u00a0FTX implosion saga\u00a0in November which saw SOL drop to $8. Since the FTX crash, […]<\/p>\n","protected":false},"author":2,"featured_media":177467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-177466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177466"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177466\/revisions"}],"predecessor-version":[{"id":177469,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177466\/revisions\/177469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177467"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}