• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Make a forecast of the Solana price

Make a forecast of the Solana price

user avatar

by Max Nevskyi

2 years ago


The forecast for Solana's price in 2024 is of significant interest among investors and cryptocurrency market analysts. Thanks to its technological innovations and unique offerings, Solana has become one of the leading cryptocurrencies, attracting attention from a wide audience. Recently, activity around Solana has intensified due to various events, including spikes in interest in meme coins, temporary network outages, and a noticeable increase in Total Value Locked (TVL), highlighting growing trust and interest in the Solana ecosystem.

Since the market recovery began in late January, Solana's price has shown impressive growth, bouncing back from $79 and reaching $108.5, reflecting a 37% increase in three weeks. This growth has been accompanied by an exponential increase in the network's TVL, exceeding $1.85 billion, indicating increased interest in the platform and its potential for further adoption and investment.

An analysis of the daily chart shows the formation of an inverse head and shoulders pattern, which is a sign of a bullish reversal and heralds a new stage of recovery. After breaking through the resistance level at $105, Solana's price has demonstrated a bullish impulse, which may indicate the possibility of further growth. If the coin holds above this support, further price increase of 24.5% is expected, potentially reaching $134.

Technical indicators such as Bollinger Bands and the Average Directional Index confirm an aggressive recovery impulse and sufficient buying momentum to sustain a prolonged recovery. These data indicate favorable prospects for Solana in the near future, highlighting its potential as one of the key assets in the cryptocurrency market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Analyst Colin Cautions Against Overly Optimistic Bitcoin Predictions

chest

Analyst Colin warns that it may be too early to predict a new all-time high for Bitcoin despite recent rebounds.

user avatarMaya Lundqvist

Santiment Updates Ranking of Binance Smart Chain Projects Based on Developer Activity

chest

Santiment has released an updated ranking of Binance Smart Chain projects based on developer activity over the last 30 days, with BTCB leading the list.

user avatarLeo van der Veen

Multi-Layered Convertible Bond Arbitrage: Isolating Derivative Alpha

chest

Convertible bond arbitrage focuses on hybrid securities to profit from pricing mismatches between the bond and its embedded equity option.

user avatarAisha Farooq

Non-Directional Volatility Arbitrage: Trading the Fear Gauge

chest

Volatility arbitrage is a strategy that profits from the difference between implied and realized volatility, allowing hedge funds to generate returns regardless of market direction.

user avatarBayarjavkhlan Ganbaatar

High-Leverage Treasury Basis Trade: A Key Derivative Tactic

chest

The Treasury Basis Trade is a complex arbitrage strategy used by hedge funds to exploit temporary price discrepancies between cash Treasury bonds and their futures contracts.

user avatarTenzin Dorje

Institutional Hedge Funds Pursue Pure Alpha Through Derivative Strategies

chest

Elite institutional hedge funds are increasingly utilizing complex derivative strategies to generate alpha, which represents excess returns achieved through manager skill and market inefficiencies.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.