Solana Price Prediction

Today's Solana news will cover everything from charts to SOL price predictions. So, watch until the end to find out accurate Solana news.

Latest Solana News: SOL Price Charts and Predictions (Update Daily)

thumbnail_Berita Solana Terbaru - Bittime (1).webp

Berita Solana Terbaru - Bittime (1).webp

Latest Solana price prediction: SOL bounces off 200-day EMA, watch technical analysis for next price movement and potential breakout towards $150.

Latest Solana Price Prediction, Check Out the Analysis!

<img src="https://static.bittime.com/cms-static/upload/Latest_Solana_Price_Prediction_Check_Out_the_Analysis_542452ab09.webp" alt="Latest Solana Price Prediction, Check Out the Analysis!.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Solana (SOL) has once again attracted the attention of traders and investors with its interesting price movements.&nbsp;After experiencing a downward trend, SOL recently managed to bounce off the 200-day Exponential Moving Average (EMA). This indicates potential strength and possible trend reversal towards rising prices.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Solana Technical Analysis</h2><img src="https://static.bittime.com/cms-static/upload/Harga_Solana_b471971333.webp" alt="Harga Solana .webp" width="2100" height="1243">Source: TradingViewCurrently, the $150 price level is the main focus as this level is considered an important cap based on the current technical configuration.&nbsp;This price bounce is accompanied by a decreasing volume trend, indicating the possibility of easing selling pressure and opening the door for a long-term upward move.Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/apa-itu-kanala">What is Kamala Horris (KAMA)? New Meme Coin on the Solana Network</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">EMA Convergence: Sign of Increased Volatility</h2>Technical charts also show a striking convergence between short-term and long-term EMAs, which often precedes a phase of high volatility.&nbsp;This convergence suggests the possibility of a breakout, both upward and downward, while the market is still in a consolidation phase.In the long term, the $150 level is not only a psychological barrier, but also has a strong correlation with previous price peaks where bulls faced resistance.&nbsp;If Solana manages to break and stay above this level, it could signal the start of a new bullish phase and attract the interest of more buyers.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Important Levels That Need To Be Observed</h2>If Solana price falls again, the 200-day EMA will remain a very important support level.&nbsp;A drop below this EMA could trigger a retest of lower price levels, and possibly result in selling from traders who are less strongly holding their positions.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Conclusion</h2>With this latest technical development, Solana is showing signs of potential recovery. However, the $150 level will be key in determining the next direction of price movement.&nbsp;Close monitoring of volume and EMA movement is critical to predicting whether Solana will continue to rise or experience selling pressure again.&nbsp;For investors, this is an important moment to consider entry and exit strategies carefully, especially if SOL manages to break through this key resistance level.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=market_analysis&amp;cn=400003">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=market_analysis&amp;cn=400003">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=market_analysis&amp;cn=400003">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=market_analysis&amp;cn=400003"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Latest Solana Price Prediction, Check Out the Analysis!.webp

Latest Solana Price Prediction, Check Out the Analysis!.webp

Solana (SOL) price predictions for the end of 2024 show significant upside potential to $360 due to increased liquid staking and market optimism.


Solana (SOL) Price Prediction for Year End 2024

thumbnail_Prediksi Harga Solana (SOL) untuk Akhir Tahun 2024 (1).png

Prediksi Harga Solana (SOL) untuk Akhir Tahun 2024 (1).png

GSR Markets indicates the potential for Solana prices to rise as VanEck proposes to issue a Solana ETF in the US. Read this article for the full report from GSR Markets!

Solana price to rise if Solana ETF approved

thumbnail_Solana Price, Solana ETF.png

Solana Price, Solana ETF.png

Solana (SOL) is attracting attention again following GSR Markets' latest report, indicating a potential significant increase in SOL prices. According to the report, GSR has a long position on SOL and is very optimistic about Solana. This report comes on the heels of VanEck's application to issue a Solana ETF in the US.

The GSR Markets report outlines several possible scenarios for SOL pricing, based on the performance of the proposed spot Solana ETF.

In this scenario, the Solana spot ETF is expected to absorb 14% of all inflows into the spot Bitcoin ETF since its launch in January. This is expected to increase the price of SOL from $149 to over $1,320.

Solana's market cap would jump to $614 billion in this scenario making Solana among the largest crypto assets.

In a bearish scenario, the Solana spot ETF would attract only 2% of the inflows into the Bitcoin ETF, which would trigger a 1.4-fold increase in the price of SOL.

Meanwhile, in the baseline scenario, the Solana spot ETF is expected to absorb 5% of Bitcoin ETF fund flows, which would increase the price of SOL by 3.4 times.

GSR also added that this valuation could be higher if the Solana spot ETF includes income from staking rewards, although this is not yet included in the approved Ether spot ETFs.

While GSR Markets' projections are very optimistic, there are significant challenges in getting a spot Solana ETF approved in the US. SEC Chairman Gary Gensler has categorized the SOL token as a security in a lawsuit against Binance and Coinbase, which makes the path to approval more difficult compared to already-approved spot Bitcoin and Ethereum ETFs.

Bloomberg ETF analyst Eric Balchunas thinks a change in leadership of the US President and SEC Chair may be necessary for serious consideration of a Solana spot ETF.

The Solana ecosystem and its network have earned praise from $1.5 trillion asset manager Franklin Templeton. Despite this, the company has not confirmed whether it will apply for a spot Solana ETF. 

Additionally, over $1 billion worth of Solana exchange traded products (ETPs) are already offered worldwide, indicating strong interest and support for Solana in the global market.

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement Bitcoin (BTC), Ethereum (ETH), Solana (SOL) price and other cryptos to find out today's crypto market trends in real-time on Bittime.

Latest Solana News: SOL Price Charts and Predictions (Update Daily)

Latest Solana Price Prediction, Check Out the Analysis!

Solana (SOL) Price Prediction for Year End 2024

Solana (SOL) Price Increase Potential If Solana ETF Approved