The post Solana Price Jumps 10% in 24 hours! But THIS Altcoin can be the Next Big Thing appeared on BitcoinEthereumNews.com.

Solana’s demand has surged even more than it already is when Donald’s Trump TRUMP launched on the chain and rumors of plans to open a SOL-based strategic reserve started circling around. Already up by 10% already, the word on the crypto space is that it can potentially climb higher. While investors have been jumping into SOL thanks to its rising popularity, a brand-new token presale called Nebula Stride also seems to have gained major traction. What is Solana’s Next Price Target? Solana has finally managed an all-time high of about $258 with its latest pump. Even though the token was trading at  the $256 level in November 2024, the market’s volatility pushed it down to the $190 level, often. And when the market grew immensely volatile, the drop pushed it even lower. However, in a single month, it has managed to jump from about $195 to more than $284, with the recent price range being around $270 after a slight correction. Since it has just broken its highest-ever price range, SOL is likely to go into what is called a price discovery mode. In this phase, the price of Solana is likely to explore a new price range depending on the dynamics of market demand and supply. During this price discovery mode, Solana’s price could likely experience heightened volatility as traders and investors attempt to establish a new fair value, which is likely to be higher than the current price range. With no historical resistance above the previous ATH, upward momentum may be fueled by FOMO and increased buying pressure from retail and institutional investors. However, there is also a chance of profit-taking, likely by early holders, which could potentially create intermittent corrections. To gauge the growth potential, one may look at indicators in the short term. These key indicators…

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Filed under: News - @ January 25, 2025 3:17 am