{"id":348492,"date":"2024-07-20T13:09:45","date_gmt":"2024-07-20T07:39:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/solana-can-further-rally-this-weekend-report-crypto-news\/"},"modified":"2024-07-20T13:15:36","modified_gmt":"2024-07-20T07:45:36","slug":"solana-can-further-rally-this-weekend-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-can-further-rally-this-weekend-report-crypto-news\/","title":{"rendered":"Solana Can Further Rally This Weekend: Report &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Over the past week, the Ethereum Layer-1 competitor Solana has registered healthy gains rallying by nearly 25% and surging all the way past $170. Analysts are bullish regarding the SOL price movement expected to continue to the north moving into this weekend.<\/p>\n<h3>Solana Price Surge to Continue This Weekend<\/h3>\n<p>As per on-chain data provider Santiment, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\">Solana price<\/a> is up by a strong 33% since the 4th of July. This upward trend is attributed to prevailing skepticism among the crowd towards SOL.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>Despite this rally, Santiment suggests that the investor sentiment hasn\u2019t reached the FOMO level yet. Thus, it notes that until the current FOMO replaces the FUD, the SOL price rally to $200 can continue.<\/p>\n<figure id=\"attachment_208608\" aria-describedby=\"caption-attachment-208608\" style=\"width: 2635px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-208608\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally.jpeg\" alt=\"\" width=\"2635\" height=\"1762\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally.jpeg 2635w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-300x201.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-1224x818.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-768x514.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-1536x1027.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-2048x1369.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-150x100.jpeg 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/Solana-Price-Rally-272x182.jpeg 272w\" sizes=\"auto, (max-width: 2635px) 100vw, 2635px\"\/><\/noscript><figcaption id=\"caption-attachment-208608\" class=\"wp-caption-text\">Courtesy: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/santimentfeed\/status\/1814446899644248333\/photo\/1\">Santiment<\/a><\/figcaption><\/figure>\n<p>As we can see in the image above the recent SOL gains come after making a double-bottom formation. Currently, the immediate resistance for the altcoin is at $175. Thus, a breakout above this level would set the stage for the next <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/sol-price-forecast-can-solana-reach-200-on-etf-speculation-and-defi-tvl-boom\/\">Solana rally<\/a> to $200 and beyond.<\/p>\n<p>Interestingly, the recent rally has been fueled by ETF speculations around the corner along with a strong boost in the DeFi total-value-locked (TVL).<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.82\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.5.5\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"logdash-activity-log-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/plugins\/logdash-activity-log\/assets\/build\/index.css?ver=1721393178\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"parent-style-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/style.css?ver=1721393178\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"bootstrap-css-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/bootstrap.min.css?ver=6.5.5\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"Carousel-css2-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/owl.carousel.min.css?ver=6.5.5\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"Carousel-css-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/css\/owl.theme.default.css?ver=1721393178\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-magazine-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/style.css?ver=1721393178\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-font-awesome-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/includes\/font-awesome.min.css?ver=1721393178\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"tablepress-default-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/tablepress-combined.min.css?ver=1721393178\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/maincss.css?ver=1721393178\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/mobile.css?ver=1721393178\"\/><\/noscript><\/p>\n<p>As per the data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Solana\">DeFiLlama<\/a>, SOL\u2019s total value locked has reached a substantial $5.10 billion. Furthermore, the total market cap of all the stablecoins on the Solana blockchain is currently at $3.268 billion.<\/p>\n<p>Moreover, in the last 24 hours, the network fee has reached $1.7 million, and revenue has crossed $838,973. These metrics underscore the increasing utility and economic activity within the ecosystem.<\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-etf-launch-doesnt-assure-solana-etf-approval-heres-why\/\">Ethereum ETF Launch Doesn\u2019t Guarantee Solana ETF Approval<\/a><\/p>\n<h2>SOL Rally to $1,400<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>Interestingly, the SOL price sets up a flag and bull pattern for a multi-year charge. If SOL manages a breakout to $200, it could set the stage for the next mega rally to $1400, which would be a staggering 600% gain from the current level.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The bull flag nobody is talking about! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&#038;ref_src=twsrc%5Etfw\">#Solana<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PoX8zpz5HH\">pic.twitter.com\/PoX8zpz5HH<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1814087254198956223?ref_src=twsrc%5Etfw\">July 18, 2024<\/a><\/p>\n<\/blockquote>\n<p>In another development, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/solana-foundation-unveils-new-grant-for-open-source-developers\/\">Solana Foundation<\/a> has announced a new grant program for SOL Actions and Blinks Tooling, aimed at developers. The grant, now open for proposals, offers up to $400,000 in total funding for innovative developer projects.<\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sponsored\/solana-etf-hype-keeps-rising-pushing-this-ethereum-token-higher\/\">SOL ETF Hype Keeps Rising<\/a><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.82\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.5.5\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"logdash-activity-log-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/plugins\/logdash-activity-log\/assets\/build\/index.css?ver=1721393178\" type=\"text\/css\" 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His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/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\/6d622b7613c3c79c72d94a2e7cffa3b2?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\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?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=\"TabD208599\">\n<p>  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<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\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" 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decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/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>Over the past week, the Ethereum Layer-1 competitor Solana has registered healthy gains rallying by nearly 25% and surging all the way past $170. Analysts are bullish regarding the SOL price movement expected to continue to the north moving into this weekend. Solana Price Surge to Continue This Weekend As per on-chain data provider Santiment, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":335270,"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-348492","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\/348492","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=348492"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/348492\/revisions"}],"predecessor-version":[{"id":348499,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/348492\/revisions\/348499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/335270"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=348492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=348492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=348492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}