{"id":257885,"date":"2024-03-02T17:52:06","date_gmt":"2024-03-02T12:22:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-sol-rally-to-200-with-increased-tvl-impact-crypto-news\/"},"modified":"2024-03-02T17:52:09","modified_gmt":"2024-03-02T12:22:09","slug":"will-sol-rally-to-200-with-increased-tvl-impact-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-sol-rally-to-200-with-increased-tvl-impact-crypto-news\/","title":{"rendered":"Will SOL Rally To $200, With Increased TVL Impact? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Solana price forecast: SOL, a premier platform in the blockchain arena known for its rapid transaction capabilities, has witnessed a remarkable uptick over the last fortnight. In the recent 24-hour chart, the value of <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\"><span style=\"font-weight: 400;\">Solana<\/span><\/a><span style=\"font-weight: 400;\"> ascended to $128 despite a minor pullback of 4%. This recent upswing follows a period of sustained growth and stability, propelling Solana above a pivotal $125 resistance threshold.<\/span><\/p>\n<h2><strong>Solana Price Forecast: A Look at Recent Momentum<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Presently, boasting a market cap of $57 billion, Solana ranks as the fifth largest cryptocurrency by market valuation. Despite a slight dip in trading volume, the platform has seen over a 34% increase in the past day, totaling $3.84 million in trades. This surge in trading volume highlights the escalating interest and belief in Solana\u2019s prospects among investors.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_183720\" aria-describedby=\"caption-attachment-183720\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Solana-price-forecast-e1709381677495.png\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-183720\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/Solana-price-forecast-e1709381677495.png\" alt=\"Solana Price Forecast: Will SOL Rally To $200, With Increased TVL Impact?\" width=\"1200\" height=\"541\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-183720\" class=\"wp-caption-text\">Solana price forecast<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This week, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/blog\/solana-price-why-is-sol-price-pumping\/\"><span style=\"font-weight: 400;\">Solana\u2019s valuation<\/span><\/a><span style=\"font-weight: 400;\"> soared to a 22-month peak of $137 amidst a broader uptick in the cryptocurrency market. The platform\u2019s value has climbed by an impressive 25% over the last week alone, marking its highest point since April 2022. Over the preceding year, Solana\u2019s price has rocketed by an astounding 484%, showcasing its significant growth trajectory.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Market Dynamics and Solana\u2019s Promising Outlook<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Solana\u2019s network vitality shines through its current <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Solana\"><span style=\"font-weight: 400;\">Total Value Locked<\/span><\/a><span style=\"font-weight: 400;\"> (TVL) and decentralized application (DApp) activity levels. With a TVL experiencing a 30% uptick since the start of the year, Solana stands out against its rivals. This surge points to a high consumer interest in what Solana offers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The network\u2019s robustness is further highlighted by its ability to handle the trading volumes on OpenSea\u2019s NFT marketplace. Additionally, platforms like Jito and Saber are witnessing increased user interactions. These developments underscore Solana\u2019s efficiency in managing large-scale operations and maintaining user engagement without facing major hurdles.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">A fascinating twist to Solana\u2019s ascent involves Sam Bankman-Fried, the ex-CEO of FTX. Following a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/27\/technology\/sam-bankman-fried-fraud-ftx.html\">report<\/a> by the New York Times, it emerged that Bankman-Fried might have played a role in Solana\u2019s positive trajectory. During his incarceration, he reportedly advised prison guards to invest in SOL, the network\u2019s native token. This anecdote adds an intriguing layer to Solana\u2019s ongoing success story, demonstrating its appeal across a broad spectrum of potential investors.<\/span><\/p>\n<h2><strong>Solana Price Forecast: Eyeing the Next Milestones<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If the current trajectory holds, Solana\u2019s price could soon edge near the $140 mark. With continued positive momentum, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/solana-price-prediction-is-sols-rally-to-200-imminent-in-march\/\"><span style=\"font-weight: 400;\">SOL<\/span><\/a><span style=\"font-weight: 400;\"> could surge to reach $200. On the flip side, a shift in this upward trend could see it retracting to the $100 support level. This level acts as a vital safeguard against further price drops.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Chaikin Money Flow (CMF) index, with a value of 0.15, signals a positive market trend. Similarly, the Moving Average Convergence Divergence (MACD) illustrates a bullish pattern. This is evidenced by its climb above the signal line and an expanding green histogram. Such indicators point to an increase in buying activities.<\/span><\/p>\n<figure id=\"attachment_183722\" aria-describedby=\"caption-attachment-183722\" style=\"width: 1154px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-183722\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Solana Price Forecast: Will SOL Rally To $200, With Increased TVL Impact?\" width=\"1154\" height=\"622\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04-300x162.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04-768x414.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04-150x81.png 150w\" data-lazy-sizes=\"(max-width: 1154px) 100vw, 1154px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-183722\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04.png\" alt=\"Solana Price Forecast: Will SOL Rally To $200, With Increased TVL Impact?\" width=\"1154\" height=\"622\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04-300x162.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04-768x414.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/SOLUSD_2024-03-02_15-14-04-150x81.png 150w\" sizes=\"auto, (max-width: 1154px) 100vw, 1154px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-183722\" class=\"wp-caption-text\">Solana price chart: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/fYdPQIdq\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the daily Relative Strength Index (RSI) is slightly above 71. This suggests a market outlook that leans more towards optimism. The positioning of the 20 Exponential Moving Average (EMA) above the 50-EMA further bolsters the expectation of forthcoming gains. This presents an optimistic forecast for Solana\u2019s market trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Related Articles<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/solana-price-forecast-will-sol-rally-to-200-with-increased-tvl-impact\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/solana-price-forecast-will-sol-rally-to-200-with-increased-tvl-impact\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA183717\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD183717\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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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<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/trading-bitcoin-during-halving-how\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-10.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Trading Bitcoin During Halving: How?\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-10-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Is Trading Bitcoin During the Halving Period a Good Idea? <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/top-crypto-gainers-weekly-spotlight\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-9.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Top Crypto Gainers: Weekly Spotlight\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-9.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-9-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-9-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Crypto Gainers: Weekly Spotlight <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/gemma-llm-everything-you-need-to-know\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-4.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Gemma LLM: Everything You Need to Know\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-4.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-4-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/03\/cropped-image-4-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Gemma LLM: Everything You Need to Know <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana price forecast: SOL, a premier platform in the blockchain arena known for its rapid transaction capabilities, has witnessed a remarkable uptick over the last fortnight. In the recent 24-hour chart, the value of Solana ascended to $128 despite a minor pullback of 4%. This recent upswing follows a period of sustained growth and stability, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":252425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-257885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257885","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=257885"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257885\/revisions"}],"predecessor-version":[{"id":257886,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257885\/revisions\/257886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/252425"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=257885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=257885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=257885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}