Solana Price Prediction for Today, December 26 – InsideBitcoins

Solana price prediction shows SOL consolidating into a strong $180-$190 support zone, with technical and fundamental indicators suggesting resilience and potential for outperformance.

Solana prediction data:

• Solana Price Now – $195.74
• Solana Market Cap – $94.17 Billion
• Solana circulating supply – 590.93 million
• Total Solana supply – 479.66 million
• Solana Coinmarketcap Ranking – #6

Solana (SOL) illustrates the immense potential of early crypto investments, having risen 37,200.92% from its all-time low of $0.5052 on May 11, 2020. Currently trading between $187.69 and 199, $70 in the last 24 hours, SOL remains key. player in the crypto market. Although it is 28.57% below its November 23, 2024 high of $263.83, its performance continues to attract investor interest. Solana’s journey from a low-cost token to a market powerhouse highlights the important benefits of identifying promising projects early in their lifecycle.

SOL/USD Market

Key levels:

Resistance Levels: $250, $270, $290

Support Levels: $145, $125, $105

SOL/USD is trading at a critical support level, between $180 and $190. This area represents a pivotal moment, aligning with a strong trendline and historic support levels. However, if buyers could keep the price above the 9-day moving average, the market price could move higher. Meanwhile, the main support level between $170 and $180 has shown resilience, as evidenced by the trendline on the daily chart.

Solana Price Prediction: Could Solana (SOL) Maintain the Uptrend?

According to the daily chart, Solana price is hovering around the 9-day moving average as sellers prepare to return to the market. However, a drop to the lower limit of $170 remains possible, this would not mean a breakout but rather an extension of the consolidation phase. Technical indicators, combined with the trendline, point towards a potential rebound, making this area attractive for accumulation.

Nonetheless, if buyers manage to push the price above the 9-day and 21-day moving averages, Solana price could head towards the upper boundary of the channel, which could reach the potential resistance levels of $250, 270 $ and $290. breaking the lower boundary of the channel could take the coin to the supports at $145, $125, and $105 respectively.

SOL/BTC continues to trend downward

The SOL/BTC daily chart illustrates a downtrend within a descending channel, with the price currently trading at 19865 SAT. The 9-day moving average at 19878 SAT and the 21-day moving average at 21406 SAT are both positioned above the current price, signaling continued bearish pressure. The descending structure of the moving averages confirms the ongoing downtrend, and resistance at 24,000 SAT and above remains the key level to watch. A breakout above this level, particularly if accompanied by an increase in trading volume, could signal a potential reversal to higher price levels within the channel.

On the downside, the support level at 16,200 SAT and below is critical. If the price continues to decline and falls below this level, it could lead to further bearish momentum, potentially aiming for new lows. At the same time, volume has been relatively subdued, indicating that market participants are cautious, which could lead to a period of consolidation. For a bullish recovery, SOL/BTC must regain momentum above the 21-day MA and establish support at higher levels. Until a decisive breakout or breakout occurs, price is likely to oscillate within the bounds of the descending channel.

Nonetheless, with over 1.4 million followers on

$ SOL could reach $295🎯 once out of this huge symmetrical triangle! pic.twitter.com/Olt5sQlwPE

– The Moon Show (@TheMoonCarl) December 9, 2024

Alternatives to Solana

Solana price is consolidating within an ascending channel, with key resistance at $250 and support at $145, while the next move depends on whether it breaks above the 21-day moving average at $213 or drops below the lower limit of the channel. Meanwhile, Wall Street Pepe is a burgeoning project in the coin industry, attracting considerable attention due to its innovative approach and pre-sale success, which has already raised $36 million. Investors are attracted to its ability to combine the excitement of meme coins with substantial utility, offering the potential for quick and long-term gains.

Wall Street Pepe raised over $36,000,000

With notable comparisons to other successful meme coins, this project is positioned to capitalize on the upcoming altcoin season. Its roadmap emphasizes community-driven growth, transparency and the potential for high returns, echoing themes of rebellion against legacy whales and market manipulation. For those looking to invest in a meme coin that carries both hype and promise of utility, Wall Street Pepe presents an interesting opportunity.

Visit Wall Street Pepe

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