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’s Unstoppable Rise: What Investors Can Expect
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’s Unstoppable Rise: What Investors Can Expect
Solana (SOL)

Solana’s Unstoppable Rise: What Investors Can Expect

In Brief

  • Solana (SOL) experienced an unstoppable rise last weekend, approaching a price of $25. After this surge, the popular altcoin is currently trading at $24.17, with a 11.68% increase in the last 24 hours. With this recent price surge, Solana surpassed Dogecoin (DOGE) and Cardano (ADA) to become the seventh largest cryptocurrency by market value.ContentsSolana’s Strong […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Solana (SOL) experienced an unstoppable rise last weekend, approaching a price of $25. After this surge, the popular altcoin is currently trading at $24.17, with a 11.68% increase in the last 24 hours. With this recent price surge, Solana surpassed Dogecoin (DOGE) and Cardano (ADA) to become the seventh largest cryptocurrency by market value.

Contents
Solana’s Strong Surge: Beloved Altcoin Project SOLSolana’s TVL at Its Highest Level in 2023

Solana’s Strong Surge: Beloved Altcoin Project SOL

Following the steady rise in SOL’s price, it outperformed Bitcoin (BTC) and Ethereum (ETH) by surpassing the $23.20 resistance. Before entering the consolidation phase, SOL reached its recent peak around $24.47, and is now approaching the $24.50 resistance level. The altcoin’s price is in a strong position, well above the 23.6% Fibonacci correction level obtained from the upward movement between the recent low of $18.75 and the peak level of $24.47.

From a technical perspective, the closest resistance level is around $24.50, followed by a more significant resistance at $25. A decisive breakthrough above the $25 resistance could push the price towards the $27.20 resistance, with the next key obstacle located around $28.80. If the upward momentum continues, the price could potentially reach the $30 level.

On the other hand, if SOL fails to find support above the $24.50 and $25 levels, it could reverse its direction. The first support in the downward direction is around the $23.20 level and the corresponding trend line.

The initial major support corresponds to the $21.50 level, which represents the 50% Fibonacci retracement level calculated from the upward movement between the recent low of $18.75 and the peak level of $24.47. If there is a candlestick closure below the $21.50 level, the price could fall towards the $20.50 support. In such a scenario, there is a greater risk of further decline towards the short-term support level at $20.

Solana’s TVL at Its Highest Level in 2023

While SOL’s price is rising, Solana is also experiencing strong growth in the decentralized finance (DeFi) market. The total value locked (TVL) in assets on the Solana Blockchain has reached its highest level in 2023, standing at $338.82 million.

As of October 2nd, Solana’s TVL increased by approximately 4.15% within a 24-hour period, rising from $324.64 million to $338.82 million. Overall, Solana’s TVL has shown significant growth throughout 2023. It has increased by approximately 38% since the beginning of the year, when it was $210.47 million.

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 Faces Critical Price Challenge in Cryptocurrency Market

Solana’s Price Resurgence: A Beacon of Market Recovery

DeFi Development Corp Expands Solana Portfolio with $5 Billion Investment

Moody’s Harnesses Solana for Innovative Credit Rating Tokenization

SEC Blocks DeFi Development Corp’s Ambitious $1 Billion Solana Bid

COINTURK NEWS 2 October, 2023 - 12:53 pm 2 October, 2023 - 12:53 pm
Share This Article
Facebook Twitter
Share
Previous Article A Promising Future for Dogecoin: Price Predictions for 2023-2024
Next Article Bitcoin (BTC) Price Predictions: Will Altcoins Rise? What are the Potential Signals for the Next Rally?
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

South Korea Sees Crypto Coins Surge as Excitement Spreads
Altcoin News
The Resilient Performance of Cryptocurrency Funds Under Geopolitical Tensions
Cryptocurrency News
Bitcoin Breaks New Ground During Geopolitical Turmoil
Bitcoin (BTC)
How to Earn $1,780 or More Using Whaling Techniques?
Sponsored Article
//

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?