Solana Value Prediction: As Grayscale Information For A SOL ETF, Specialists Say Take into account This Solana Layer 2 For 100X Positive factors

Solana Value Prediction: As Grayscale Information For A SOL ETF, Specialists Say Take into account This Solana Layer 2 For 100X Positive factors


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The Solana worth edged up a fraction of a proportion prior to now 24 hours to commerce at $249.96 as of 9:56 a.m. EST on buying and selling quantity that rose 18% to $8.5 billion.

This comes after Grayscale Investments filed for a Solana ETF (exchange-traded fund) with the New York Inventory Change (NYSE). It’s the newest amongst a lot of filings prompted by the expectation of a friendlier regulatory atmosphere underneath Donald Trump’s management.

Solana Value May Proceed Hovering

The SOL worth on the each day chart reveals a powerful bullish pattern that has gained important momentum lately. 

After a interval of consolidation in mid-2024, the Solana worth broke out above key resistance ranges, and the present worth hovers round $249.96, just under current highs close to $273.42.

Knowledge from GeckoTerminal reveals that the Solana worth is attempting to capitalize on the rounding backside sample, utilizing the $170.62 help.

Moreover, the SOL is buying and selling properly above the 50-day Easy Shifting Common (SMA) at $212.36 and the 200-day SMA at $178.80, additional confirming the bullish pattern. 

The SMAs have additionally fashioned a “golden cross” round $151, the place the 50-day SMA crossed above the 200-day SMA—one other sturdy indicator of bullish sentiment.

In the meantime, the Relative Energy Index (RSI) stands at 62.52, exhibiting bullish momentum however not but in overbought territory (above 70). This implies there’s nonetheless room for additional upward motion earlier than any potential correction.

The Shifting Common Convergence Divergence blue (MACD) line is positioned above the orange sign line, with each trending above the zero line—indicating sturdy bullish momentum. 

The histogram additionally reveals sustained constructive momentum.

SOL/USDT Chart Evaluation Supply: GeckoTerminal

SOL Poised For Additional Upside Motion

Primarily based on the technical setup, the worth of SOL seems poised for additional upside within the close to time period. 

The profitable breakout of the rounded backside sample suggests a possible goal of round $337.

Conversely, key help ranges lie on the 50-day SMA ($212) and the 200-day SMA ($178), which may act as security nets in case of a pullback.

In the meantime, traders are additionally shopping for a brand new Solana layer 2 meme coin referred to as Solaxy (SOLX). Based on 99Bitcoins, a preferred crypto YouTube channel with over 722K subscribers, SOLX has the potential to soar 100X post-launch.

Solaxy Presale Heads For $15 Million—Subsequent 100X Crypto?

Solana markets itself as a quick, dependable, and inexpensive blockchain, particularly in comparison with Ethereum’s slower and costlier system. However current occasions present Solana has not lived as much as these guarantees, and the scenario has worsened after buying and selling boomed following the launch of Official Trump and Melania Meme tokens.

Solaxy solves this by dealing with transactions on a second layer, easing the load on the Solana mainnet.

Solaxy’s resolution depends on three key options: off-chain processing to deal with the heavy work, transaction bundling to chop prices, and safe settlement again on the primary Solana chain.

Solaxy additionally presents holders who stake their SOLX tokens an enormous annual yield of 269%.

Buyers excited by taking part within the presale can go to the official Solaxy web site to purchase SOLX tokens for $0.001614 every utilizing BNB, ETH, USDT, or a financial institution card.

Purchase earlier than a worth hike in a bit of greater than 1 day to safe the perfect deal and be part of traders who’ve poured over $14.5 million into the challenge.

Go to the official SOLX web site right here.

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