{"id":681425,"date":"2025-01-23T09:00:39","date_gmt":"2025-01-23T09:00:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=681425"},"modified":"2025-01-22T19:14:25","modified_gmt":"2025-01-22T19:14:25","slug":"solana-sol-to-300-this-month-all-bets-are-off-once-it-reclaims-this-level","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana-sol-to-300-this-month-all-bets-are-off-once-it-reclaims-this-level\/","title":{"rendered":"Solana (SOL) To $300 This Month? \u2018All Bets Are Off\u2019 Once It Reclaims This Level"},"content":{"rendered":"

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors\u2019 bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed.<\/p>\n

Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch<\/a><\/div>\n

Solana Holds Despite Volatility<\/h2>\n

Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump\u2019s token launch.<\/p>\n

Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches<\/a>. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion.<\/p>\n

Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana\u2019s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data<\/a> shows.<\/p>\n

Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL\u2019s price 12% down, closing the week at $241.<\/p>\n

On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below<\/a> momentarily $100,000.<\/p>\n

Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period.<\/p>\n

SOL Preparing For Jump To $300<\/h2>\n

On Wednesday, Solana\u2019s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the \u201cSOL hourly chart just looks like it wants another stab at $300 this month.\u201d<\/p>\n

The analyst pointed out that the cryptocurrency had broken out of its three-day \u201cPost-trump shitcoin launch downtrend,\u201d while indicators like moving averages were \u201cback to bullish.\u201d The post also noted that SOL\u2019s recent performance<\/a> was trying to reclaim November highs.<\/p>\n

\"solana\"
Solana breaks out of a three-day downtrend. Source: Crypto Jelle on X<\/a><\/figcaption><\/figure>\n

According to Jelle, the cryptocurrency displays bullish momentum and is \u201con the edge of entering price discovery\u201d like BTC. He also noted that Solana has turned<\/a> its previous high against its Ethereum (ETH) trading pair into support.<\/p>\n

As a result, reclaiming the $260 range could propel SOL\u2019s price to new highs. \u201cReclaim $264, and all bets are off,\u201d he stated. Similarly, Nebraskangooner shared<\/a> a positive outlook for Solana, noting that it is \u201cconsolidating right at all-time highs\u2026 no reason to think this doesn’t melt up from here.\u201d<\/p>\n

Related Reading: Analyst Says Bitcoin Is Entering Second \u2018Price Discovery Uptrend\u2019, What\u2019s Ahead For BTC?<\/a><\/div>\n

Analyst Byzantine General suggested<\/a> there could be \u201ca bit more chop because we are at OI resistance, but it might have already bottomed out,\u201d but concluded that Solana \u201clooks pretty good\u201d in the short term.<\/p>\n

As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe.<\/p>\n

\"solana,
Solana’s performance in the on-week chart. Source: SOLUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors\u2019 bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump\u2019s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana\u2019s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL\u2019s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana\u2019s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the \u201cSOL hourly chart just looks like it wants another stab at $300 this month.\u201d The analyst pointed out that the cryptocurrency had broken out of its three-day \u201cPost-trump shitcoin launch downtrend,\u201d while indicators like moving averages were \u201cback to bullish.\u201d The post also noted that SOL\u2019s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is \u201con the edge of entering price discovery\u201d like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL\u2019s price to new highs. \u201cReclaim $264, and all bets are off,\u201d he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is \u201cconsolidating right at all-time highs\u2026 no reason to think this doesn’t melt up from here.\u201d Related Reading: Analyst Says Bitcoin Is Entering Second \u2018Price Discovery Uptrend\u2019, What\u2019s Ahead For BTC? Analyst Byzantine General suggested there could be \u201ca bit more chop because we are at OI resistance, but it might have already bottomed out,\u201d but concluded that Solana \u201clooks pretty good\u201d in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":610298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,26263,93285,10923,89756,93959,12837,94007,83626,93112,87684,89082,83627,9848,93985],"class_list":["post-681425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market","tag-crypto-trader","tag-melania","tag-sol","tag-sol-eth","tag-solana","tag-solana-ath","tag-solana-memecoin","tag-solana-tvl","tag-solusdt","tag-trump","tag-trump-memecoin"],"acf":[],"yoast_head":"\nSolana To $300? \u2018All Bets Are Off\u2019 Once It Reclaims This Level<\/title>\n<meta name=\"description\" content=\"Solana (SOL) has broken out of a three-day downtrend, fueling analysts\u2019 bullish sentiment for its short-term performance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/solana-sol-to-300-this-month-all-bets-are-off-once-it-reclaims-this-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana To $300? 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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