Solana Price Could Cross $330 as Trump Volume Shows Signs of Decline, INTL Surges
The post Solana Price Could Cross $330 as Trump Volume Shows Signs of Decline, INTL Surges appeared on BitcoinEthereumNews.com.
IntelMarkets’ soaring presale demand has earned the attention of investors leaving Trump Coin. As a result, the emerging AI-powered project is witnessing a surge in new sign-ups after the President-backed memecoin failed to meet expectations. On the flip side, SOL is aiming for new price milestones with upcoming technological developments and $330 on the target. SOL Trading Patterns Signal Price Movement Soon As of January 24, the Solana price experienced a considerable price movement, reflecting a sudden uptick in market interest. SOL’s price surged from $150 to $165 within a 15-minute window his morning and secured a 10% increase. This price movement followed a dramatic surge in trading volume, with a recorded volume of 5.2 million SOL traded during the same period. Concurrently, on-chain data showed a rise in active addresses, with a 20% increase from the previous day, reaching 120,000 active addresses. The SOL/BTC trading pair also saw a similar price surge, with SOL/BTC moving from 0.0035 to 0.0038 BTC. This event was likely influenced by a tweet from a prominent trading expert who highlighted past trends in SOL’s performance. The implications of this price movement are notable for traders. The rapid increase in SOL’s price suggests a potential short-term bullish trend, which could be capitalized on by traders looking for quick gains. The surge in trading volume, as reported by CoinGecko, indicates strong market interest and potential liquidity for those looking to enter or exit positions. President-Backed Memecoin ‘Trump Coin’ Fails To Keep Up President Trump’s memecoin Trump Coin may have kicked off with a lot of attention, but it is now coming down in value. This sentiment may remind investors why they stayed away in the first place. The crypto industry has high hopes for the new Trump administration. Irrespective of the inauguration-day launch strategy, the Trump…
Filed under: News - @ January 26, 2025 9:04 pm