Will Solana Hit $210 Before Year-End?

Share This Post

BREAKING: SOL flips BNB to become the 4th largest crypto by market cap

The post Will Solana Hit $210 Before Year-End? appeared first on Coinpedia Fintech News

The recent win of Trump in the US election has surges the growth of crypto tokens. On November 6, SOL touched $188 and displaced BNB coin from its fourth position. It has been moving in an upward channel for quite some time. Let’s analyze the market and see what the fourth largest crypto brings for its investors.

Solana’s Strong Technical Signals Point to Growth

On the technical side, Solana is showing encouraging signs. Currently, SOL is trading above its 20-day Exponential Moving Average (EMA), a key indicator of market optimism. This has drawn in buyers and built up positive sentiment. Since October 10, Solana’s price has been trending within an upward channel, though it briefly dipped below it on November 1. By November 6, however, it rebounded back inside the channel, signaling potential strength. Now SOL is facing resistance around $188, testing the power of this rally.

solana daily chart

More Room to Grow

Market indicators suggest room for further gains. Solana’s Relative Strength Index (RSI) sits at 66.16, showing steady buying interest without reaching overbought levels. This could mean that SOL has more ground to cover.

At $187.41, SOL has crossed a key support level of $186.40. If demand remains steady, it could aim for the next resistance level at $193.34. If momentum continues, SOL might even attempt its yearly high of $210.03.

What’s Next for Solana?

TraderSZ have shared four possible targets for Solana’s price in the coming weeks: $173.04, $183.44, $193.85, and a high of $204.25, close to its April peak. With recent gains of 8.64% on November 5 and a sharp 19.96% on November 6, the rally looks strong.

Whether SOL hits a new all-time high soon remains to be seen, but with robust buying interest and technical signals aligning, Solana could be set for exciting moves in the coming weeks.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Peter Schiff: Bitcoin Could Crash Below $65K if Nasdaq Enters a Bear Market

Bitcoin faces a steep decline if the Nasdaq downturn deepens, warns Peter Schiff, predicting a wave of panic selling that could shake investor confidence and destabilize markets Peter Schiff Predicts

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the

Is The Bitcoin Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

Bitcoin is now down over 29% from its all-time high (ATH) in January, and speculation about a coming bear market is growing among investors After weeks of heavy selling pressure, Bitcoin has entered

France central bank governor says Trump is “sowing the seeds of future upheavals” by supporting crypto

Francois Villeroy de Galhau, the governor of Banque de France and the European Central Bank Governing Council’s member, believes US president Donald Trump is making a huge mistake by supporting

640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them However, volatility and uncertainty have dominated the market

To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment

A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading