Solana’s Price Surge: Will It Hit $200?


Solana (SOL) is gaining attention in the cryptocurrency market. Currently trading at $181.12, it has seen an impressive 15% increase over the last month. This surge has pushed SOL closer to a key resistance level at $193.

Traders are watching closely to see if it can break through this important barrier. With all this momentum, the SOL price prediction is looking increasingly positive as analysts expect potential further gains.

Surge in Trading Volume

In the past 24 hours, Solana's trading volume has jumped by 38%, bringing it near $4 billion. This increase shows that Solana is in a strong position as we enter November. Many analysts are optimistic, predicting that SOL coin could reach $200 in the coming week.

Future Predictions



Notable crypto analyst Crypto General has shared a positive outlook for Solana. He predicts that during the next bull run, SOL could soar to $290. According to him, Solana is “performing as expected,” which adds to the overall positive sentiment around this cryptocurrency.

Whale Activity Indicates Confidence


Despite some reports of declining trading volume, Solana remains in a bullish trend. Recent data from Lookonchain reveals that cryptocurrency whales are becoming more active with Solana. The on-chain data highlights significant withdrawals of SOL tokens from exchanges for staking.

Here are some key activities:

  • The largest withdrawal was made by an address called “AA21…VxH9,” which moved 153,511 SOL tokens worth about $26.4 million from Binance for staking.
  • Another whale, identified as “EHax…gAUa,” withdrew 35,498 SOL tokens valued at $6.12 million from both Binance and Kraken over the last three days, also staking these tokens.
  • Additionally, the whale address “EGzi…mR7g” purchased 13,000 SOL tokens worth $2.3 million from Binance, raising its total holdings to 95,651 SOL.

With strong trading momentum and significant whale activity, price of Solana is showing impressive potential in the cryptocurrency market. As it approaches important resistance levels and analysts predict significant price increases, Solana is a cryptocurrency to watch closely as we move into the final months of 2024.

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