Solana Price Prediction: Can SOL Hit $300 in Post Election Surge Amidst JetBolt’s Momentum
The post Solana Price Prediction: Can SOL Hit $300 in Post Election Surge Amidst JetBolt’s Momentum appeared on BitcoinEthereumNews.com.
Solana (SOL) attempts to dominate the crypto charts and is setting new records. SOL now appears to be surging, courtesy of a minor post election crypto bull run. As of writing, Solana is changing hands at $202.41, its highest level since July. SOL’s 7-day uptick of over 20% has sparked market bets on an ambitious target of $300. As Solana rises, next-gen altcoin JetBolt (JBOLT) continues its uptrend, drawing attention from whales with its zero gas technology and other innovative features revolutionizing the experience of blockchain users. Can this post-election surge help Solana sustain its rally and hit $300 amidst JetBolt’s growing momentum? Read on as we take a closer look. Can SOL to Hit $300 as ETF Approval Chances Rise with Trump’s Re-election? The Solana price rally has been strong, posting a double-digit surge above $200. Analysts say this level may put SOL on track to reclaim its year-to-date high of $210.03. Graph from CoinMarketCap Showing the 5-day Price Performance of SOL According to BeInCrypto analysts, Solana’s trading volume reached a three-month high of $8.33 billion when it became imminent that Trump was winning. Earlier today, SOL’s market cap rose to a high of over $89 billion. In doing so, Solana surpassed BNB, once again becoming the fourth largest cryptocurrency by market capitalization. When news broke in mid-2024 that a SOL ETF approval was in the offing, Solana started to gain traction. It is currently trading above its 20-day exponential moving average (EMA), signaling a bullish momentum. Several companies like Canary Capital, VanEck, and 21Shares have applied for a Solana ETF following the successful launch of Ethereum Funds a few months ago. Solana’s Relative Strength Index (RSI) of 66.87 as of writing, further supports this bullish outlook. Buying pressure is likely driving the altcoin’s upward momentum, but the current…
Filed under: News - @ November 9, 2024 1:18 pm