{"id":629820,"date":"2024-07-16T06:00:35","date_gmt":"2024-07-16T06:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=629820"},"modified":"2024-07-15T13:35:48","modified_gmt":"2024-07-15T13:35:48","slug":"solana-price-rise-450-to-840","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana\/solana-price-rise-450-to-840\/","title":{"rendered":"Analyst Says Solana Price Could Rise 450% To $840 – Here Are The Drivers"},"content":{"rendered":"

Solana has undoubtedly been one of the winners of this cycle after rallying over 1,000% in one year. Furthermore, the push upward was accelerated by multiple viral meme coins on the Solana blockchain reaching billion-dollar market caps during the last year. While the SOL price was affected in the market-wide crash<\/a> that rocked crypto in the month of June, its bullish momentum has been far from eroded as predictions continue to pour in, expecting the SOL price to beat its 2021 all-time high.<\/p>\n

Solana Primed For Upward Move<\/h2>\n

A pseudonymous crypto analyst who goes by \u2018NoLimit\u2019 on the TradingView website has presented<\/a> a bullish scenario for the Solana price. This bullishness stems from a number of developments both on the SOL chart and in the general crypto market.<\/p>\n

Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible?<\/a><\/div>\n

For the Solana price, the crypto analyst explains that there is a massive cup and handle formation brewing on the chart. This formation is important as it is historically bullish<\/a> and appeared back in 2021 when the Solana price hit its current all-time high above $250.<\/p>\n

Furthermore, the crypto analyst also points to the Fibonacci extension, which suggests that the SOL price<\/a> is headed for a new all-time high. This extension points to SOL climbing to $550 and even as high as $840, which would be a 450% move from its current value.<\/p>\n

When it comes to market-wide bullishness, the crypto analyst pints to the Spot Ethereum ETFs as being another reason why the Solana price<\/a> is headed for a new all-time high. The expectation that the Spot Ethereum ETFs will begin trading soon has already begun to propel price, with analysts predicting it will send the ETH price as high as $5,000.<\/p>\n

SOL Sees Increased Buying Pressure<\/h2>\n

On its own, the Solana cryptocurrency<\/a> is doing quite well so far. According to data from the on-chain token tracking website Coinmarketcap, the SOL daily trading volume<\/a> is up more than 13% in the last day to bring its trading volume above $2 billion.<\/p>\n

Related Reading: Bitcoin Accumulation: Who\u2019s Been Buying Up All The BTC Dumped By The German Government?<\/a><\/div>\n

Given that the price has been rising in the last day, this suggests that the Solana price is seeing buying pressure, something that is bullish for the coin in the long run. Now, if this buying pressure continues, then the altcoin could be seeing a new all-time high soon.<\/p>\n

Presently, the SOL price<\/a> is trending just above $151, enjoying 4.59% gains in the last day. On the weekly and monthly charts, the price is up 7.22% and 5.08%, respectively.<\/p>\n

\"Solana
SOL price pushes above $150 | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana has undoubtedly been one of the winners of this cycle after rallying over 1,000% in one year. Furthermore, the push upward was accelerated by multiple viral meme coins on the Solana blockchain reaching billion-dollar market caps during the last year. While the SOL price was affected in the market-wide crash that rocked crypto in the month of June, its bullish momentum has been far from eroded as predictions continue to pour in, expecting the SOL price to beat its 2021 all-time high. Solana Primed For Upward Move A pseudonymous crypto analyst who goes by \u2018NoLimit\u2019 on the TradingView website has presented a bullish scenario for the Solana price. This bullishness stems from a number of developments both on the SOL chart and in the general crypto market. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? For the Solana price, the crypto analyst explains that there is a massive cup and handle formation brewing on the chart. This formation is important as it is historically bullish and appeared back in 2021 when the Solana price hit its current all-time high above $250. Furthermore, the crypto analyst also points to the Fibonacci extension, which suggests that the SOL price is headed for a new all-time high. This extension points to SOL climbing to $550 and even as high as $840, which would be a 450% move from its current value. When it comes to market-wide bullishness, the crypto analyst pints to the Spot Ethereum ETFs as being another reason why the Solana price is headed for a new all-time high. The expectation that the Spot Ethereum ETFs will begin trading soon has already begun to propel price, with analysts predicting it will send the ETH price as high as $5,000. SOL Sees Increased Buying Pressure On its own, the Solana cryptocurrency is doing quite well so far. According to data from the on-chain token tracking website Coinmarketcap, the SOL daily trading volume is up more than 13% in the last day to bring its trading volume above $2 billion. Related Reading: Bitcoin Accumulation: Who\u2019s Been Buying Up All The BTC Dumped By The German Government? Given that the price has been rising in the last day, this suggests that the Solana price is seeing buying pressure, something that is bullish for the coin in the long run. Now, if this buying pressure continues, then the altcoin could be seeing a new all-time high soon. Presently, the SOL price is trending just above $151, enjoying 4.59% gains in the last day. On the weekly and monthly charts, the price is up 7.22% and 5.08%, respectively. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":629838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[167,6664,26263,14690,12837,89406,86420,83626,89405,85361,86410,83627],"class_list":["post-629820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nAnalyst Says Solana Price Could Rise 450% To $840 - Here Are The Drivers<\/title>\n<meta name=\"description\" content=\"Solana has undoubtedly been one of the winners of this cycle after rallying over 1,000% in one year and crossing $200.\" \/>\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\/solana-price-rise-450-to-840\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Says Solana Price Could Rise 450% To $840 - 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Says Solana Price Could Rise 450% To $840 – Here Are The Drivers","url":"http:\/\/ktsl888.com\/news\/solana\/solana-price-rise-450-to-840\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana\/solana-price-rise-450-to-840\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Solana.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Solana.jpeg?fit=1792%2C1024"},"articleSection":"Solana","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","sol","sol news","sol price","solana","solana news","solana price","solusd","solusdt"],"dateCreated":"2024-07-16T06:00:35Z","datePublished":"2024-07-16T06:00:35Z","dateModified":"2024-07-16T06:00:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Says Solana Price Could Rise 450% To $840 – Here Are The Drivers\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-price-rise-450-to-840\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-price-rise-450-to-840\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Solana.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Solana.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"sol\",\"sol news\",\"sol price\",\"solana\",\"solana news\",\"solana price\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-07-16T06:00:35Z\",\"datePublished\":\"2024-07-16T06:00:35Z\",\"dateModified\":\"2024-07-16T06:00:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Solana.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/629820"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=629820"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/629820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/629838"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=629820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=629820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=629820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}