The post Solana Price Will ‘$250 In 13 Days’, Analyst Issues Final Warning appeared on BitcoinEthereumNews.com.

Solana price could be edging closer to ending its six-month sideways movement and hinting at a massive rally. Adding credence to this outlook is an expert who issued a “final warning” as he expects SOL to soar by double digits in under two weeks. The analyst’s bullish scenario is backed by his outlook on Bitcoin’s price, which could hit $80,000 in the same period. Will the SOL price rally 50% in just 13 days, as predicted by the analyst? Why Is Solana Price Rising Today? On October 24, SOL price rose 4.9% and currently trades at $173.46. This bullish outlook can be attributed to Bitcoin’s uptick during Wednesday’s late New York trading session. There are a few reasons why Solana has been outperforming Ethereum over the past few months: Solana’s total value locked (TVL) recently hit a two-year high, indicating increased network usage. Solana has surpassed Ethereum in daily transaction fees, driven by the growing popularity of meme coins on its blockchain. SOL/USDT 12-hour chart Although Solana shot up 4.9% in the past 24 hours, backed by Bitcoin’s momentum, will it rally 50% in less than two weeks? This analyst believes that it is possible. Final Warning For SOL Price Before $250 Crypto Analyst Kale Abe predicts the Solana price will hit $250 with 110,000 YouTube subscribers. Abe argues that since Bitcoin’s price movements significantly impact the cryptocurrency market, and if BTC price rebounds towards $70,000, Solana could reach $200.  The analyst notes that SOL was the strongest crypto asset in the market in 2024 and, in what he notes as a ‘final warning,’ anticipates a significant price surge in SOL once Bitcoin reaches price discovery. Abe foresees the $250 price tag around 13 days from Oct. 24, coinciding with the much-awaited November U.S. elections. Since Donald Trump’s involvement in…

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Filed under: News - @ October 24, 2024 11:28 am