{"id":304781,"date":"2024-05-18T20:15:09","date_gmt":"2024-05-18T14:45:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-sol-surpass-the-200-milestone-by-end-of-this-weekend-crypto-news\/"},"modified":"2024-05-18T20:17:30","modified_gmt":"2024-05-18T14:47:30","slug":"can-sol-surpass-the-200-milestone-by-end-of-this-weekend-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-sol-surpass-the-200-milestone-by-end-of-this-weekend-crypto-news\/","title":{"rendered":"Can SOL Surpass the $200 Milestone By End Of This Weekend? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Solana price prediction: SOL has witnessed a notable surge in its value, climbing 4% and breaking past the $5 level. At the time of writing, the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\"><span style=\"font-weight: 400;\">Solana price<\/span><\/a><span style=\"font-weight: 400;\"> is trading at $173.42, reflecting a 3.96% increase within the last 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The market capitalization of Solana stands at approximately $77 billion, placing it at the 5th position among cryptocurrencies. Despite a 20.21% decrease in 24-hour trading volume to $2.7 billion.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><span style=\"font-weight: 400;\">Solana Price Prediction: Will SOL Continue Its Bullish Trend?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Over the past week, Solana\u2019s value has surged from $138 to over $174, marking a notable rise of over 20%. This consistent upward trend highlights Solana as one of the market\u2019s top performers, reflecting strong investor confidence.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the past month, Solana has seen a 30% increase, fluctuating between $120 and $170. This pattern indicates a bullish outlook, with the coin poised for higher valuations.\u00a0<\/span><\/p>\n<figure id=\"attachment_197633\" aria-describedby=\"caption-attachment-197633\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197633\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/05\/SOLUSD_2024-05-18_16-24-15-e1716042721817.png\" alt=\"Solana Price Prediction: Can SOL Surpass the $200 Milestone By End Of This Weekend?\" width=\"1200\" height=\"617\"\/><\/noscript><figcaption id=\"caption-attachment-197633\" class=\"wp-caption-text\">Solana Price Prediction<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The broader cryptocurrency market has also experienced significant gains, with <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> rallying above $67,000 and Ethereum surpassing $3,100. These increases have spurred growth in altcoins like Solana. The ongoing upward trends suggest sustained interest and positive sentiment in the cryptocurrency market.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Solana\u2019s Ecosystem and Market Activity<\/span><\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/blog\/can-solana-sol-price-hit-200-in-may-june-2024\/\"><span style=\"font-weight: 400;\">Solana<\/span><\/a><span style=\"font-weight: 400;\"> has significantly benefited from the surge in meme coin trading. The heightened network activity from increased trading volumes often boosts Solana\u2019s price. Experts are optimistic about this rally\u2019s continuation, driven by growing interest in Solana meme coins like BONK, BOME, and MEW.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solana\u2019s ecosystem is thriving with strong DeFi activity and substantial stablecoin volumes. One of the most anticipated developments is Firedancer, a secondary chain client by Jump Crypto.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">A recent <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/research\/publications\/fastest-blockchains\"><span style=\"font-weight: 400;\">CoinGecko<\/span><\/a><span style=\"font-weight: 400;\"> report highlights Solana as the world\u2019s fastest blockchain, utilizing only 1% of its capacity while being 46 times faster than Ethereum. The report also revealed that Solana boasts the highest daily average transactions per second (TPS) among blockchains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This combination of increased meme coin trading, robust DeFi activity, and upcoming network upgrades suggests a promising future for Solana.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Technical Indicators Suggest Further Growth Potential<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Solana is on a notable rise, signaling a potential bullish phase. If this upward trend continues, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/solana-price-soars-experts-hinting-200-next-target-sol\/\"><span style=\"font-weight: 400;\">SOL<\/span><\/a><span style=\"font-weight: 400;\"> might surpass the $180 resistance barrier. With ongoing momentum, its value could reach $200 and potentially $250 soon.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if market sentiment turns negative, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/solana-sol-price-prediction\/\"><span style=\"font-weight: 400;\">SOL price<\/span><\/a><span style=\"font-weight: 400;\"> might stabilize around $170, its nearest support level. A further decline could push it down to $150, highlighting the cryptocurrency market\u2019s volatility.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The 24-hour technical indicators for Solana show a notable increase in price. The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover with the MACD line at 3.73 above the signal line at 3.62, indicating potential continued upward movement.\u00a0<\/span><\/p>\n<figure id=\"attachment_197634\" aria-describedby=\"caption-attachment-197634\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197634\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Solana Price Prediction: Can SOL Surpass the $200 Milestone By End Of This Weekend?\" width=\"1200\" height=\"617\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/05\/SOLUSD_2024-05-18_16-31-05-e1716042817849.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197634\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/05\/SOLUSD_2024-05-18_16-31-05-e1716042817849.png\" alt=\"Solana Price Prediction: Can SOL Surpass the $200 Milestone By End Of This Weekend?\" width=\"1200\" height=\"617\"\/><\/noscript><figcaption id=\"caption-attachment-197634\" class=\"wp-caption-text\">Solana Price Prediction| Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/xB9cr7yP\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Awesome Oscillator (AO) also supports this bullish sentiment, with a positive value of 13.58, further suggesting increasing buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI), currently at 65.06, suggests that Solana is approaching overbought territory, signaling strong buying pressure. Additionally, the Average Directional Index (ADX) at 20.53 indicates that the trend is moderately strong.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p class=\"m-0\">Related Articles<\/p>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/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-prediction-can-sol-surpass-the-200-milestone-by-end-of-this-weekend\/\" 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-prediction-can-sol-surpass-the-200-milestone-by-end-of-this-weekend\/\"><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=\"TabA197630\">\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. 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value, climbing 4% and breaking past the $5 level. At the time of writing, the Solana price is trading at $173.42, reflecting a 3.96% increase within the last 24 hours.\u00a0 The market capitalization of Solana stands at approximately $77 billion, placing it at the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":304782,"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-304781","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\/304781","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=304781"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304781\/revisions"}],"predecessor-version":[{"id":304783,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304781\/revisions\/304783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/304782"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=304781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=304781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=304781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}