COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Solana Shows Strong Potential Despite Market Fluctuations
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Solana (SOL) > Solana Shows Strong Potential Despite Market Fluctuations
Solana (SOL)

Solana Shows Strong Potential Despite Market Fluctuations

In Brief

  • Solana shows a promising outlook despite market fluctuations.

  • Analyst Jelle predicts a potential rise to $600 for Solana.

  • Legal developments and ETF process could further boost Solana's price.

COINTURK NEWS
COINTURK NEWS 10 months ago
Share
SHARE

Although fluctuations in the cryptocurrency world are common, Solana (SOL) has shown a promising outlook despite these fluctuations. Despite the general slowdown observed in various cryptocurrencies, Solana has gained consistent attention, indicating a potential upward trend in the coming period. According to the latest analysis by cryptocurrency trading expert Jelle, Solana holds significant upward movement potential.

Contents
Solana’s Upward ScenarioCurrent Performance and Legal DevelopmentsAdvice for Investors

Solana’s Upward Scenario

Jelle’s analysis shared on the social media platform X on July 31, 2024, indicates that Solana is “preparing to enter a phase that could create excitement.” The analyst predicts that the altcoin Solana could rise to $600, a 229.04% increase from its current price.

This prediction is based on Solana surpassing its previous all-time highs (ATH). A gain of 130.81% from its ATH of $259.96 in November 2021 could make this target achievable.

Current Performance and Legal Developments

Currently trading at approximately $182.35, Solana has increased by 1.13% in the last 24 hours, 2.71% in the past week, and 24.99% in the last month. This performance has positioned Solana as the fifth-largest cryptocurrency by market value.

One of the factors behind Solana’s rise is the developments in the legal battle between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency exchange Binance. The SEC has softened its allegations that some crypto assets are unregistered securities, positively impacting Solana’s price movements.

Advice for Investors

Solana’s upward momentum is supported by the breaking of the reaccumulation structure and positive legal developments. If these positive triggers continue, reaching Jelle’s target of $600 could be possible.

The current optimism surrounding Solana is supported by technical analysis and recent positive market developments. The ambitious $600 price target is a prediction based on observed trends and potential future movements. However, its realization is, of course, contingent on a bull market.

Another catalyst is the ETF process for Solana. However, this process is not expected to happen immediately. The probable date is projected to be 2025. Even the possibility of approval for the ETF process could push Solana’s price to the analyst’s target of $600.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Solana Breaks Barriers: Latest Technical Insights Propel Price Predictions

Solana Powers Up Dubai with Strategic VARA Partnership

Solana’s Market Faces Increased Pressure from Technical Patterns

MetaMask Expands its Features with Solana Support

Discover Why Solana Might Lag Behind Ethereum in the Coming Years

COINTURK NEWS 31 July, 2024 - 4:38 pm 31 July, 2024 - 4:38 pm
Share This Article
Facebook Twitter
Share
Previous Article Mike Novogratz Predicts Favorable Regulations for Cryptocurrency Post-Election
Next Article XRP Coin Surges Due to Anticipated SEC Meeting
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Dive into Dogecoin’s Dynamic Market Momentum
Altcoin News
JP Morgan Redefines Traditions with Bold Crypto Collateral Decision
Cryptocurrency News
Binance Expands Monitoring Tag for Selected Altcoins
Binance
Cryptocurrency Expert Bluntz Predicts Rally for SPX6900 and WIF
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?