{"id":194063,"date":"2023-11-15T18:32:31","date_gmt":"2023-11-15T13:02:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/solana-price-prediction-as-defi-tvl-surges-to-557m-bullish-signal-to-100-crypto-news\/"},"modified":"2023-11-15T18:32:35","modified_gmt":"2023-11-15T13:02:35","slug":"solana-price-prediction-as-defi-tvl-surges-to-557m-bullish-signal-to-100-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-price-prediction-as-defi-tvl-surges-to-557m-bullish-signal-to-100-crypto-news\/","title":{"rendered":"Solana Price Prediction As DeFi TVL Surges To $557M, Bullish Signal To $100? – Crypto News"},"content":{"rendered":"

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\nSolana price rallied 174% in 30 days to trade at $63 backed by increasing total value locked (TVL) by $233 million from early October.\t\t\t\t<\/p>\n

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Published 16 seconds ago <\/p>\n

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Select altcoins continued with the Q4 rally after the release of the United States\u00a0Consumer Price Index (CPI) data<\/span><\/a>\u00a0on Tuesday. This bullish outlook included tokens like Solana (SOL) up 20%,\u00a0Chainlink (LINK)<\/span><\/a>\u00a0up 5%, Avalanche (AVAX) up 17%, Cardano (ADA) up 4.2%, and more.<\/p>\n

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However, the two most prominent cryptos Bitcoin (BTC) and\u00a0Ethereum (ETH)<\/span><\/a> appear sidelined, barely changing over 24 hours.<\/p>\n

Solana Price Blasts Past $60<\/h2>\n

Solana is among the biggest gainers on Wednesday, following another impressive move above $60. The correction to $50 earlier this week allowed sidelined investors to book positions in SOL. Traders also jumped on the bullish bandwagon, anticipating a larger breakout.<\/p>\n

In the previous analysis, we discussed how institutional investors were flocking to Solana\u2019s related products, increasing assets under management by $12 million.<\/p>\n

With a higher support above the grey band, Solana could be ripe for more gains targeting $100.<\/p>\n

The Moving Average Convergence Divergence (MACD) stands in support of the uptrend, still flaunting a call to buy SOL for the second month in a row. Traders holding long positions in Solana may rest easy knowing that the uptrend is nowhere near exhaustion, especially with the blue MACD line above the red signal line and the momentum indicator at 7.65 and still trending higher above the neutral area.<\/p>\n

\"Solana