NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Solana (SOL) Leads Gains Among Top Coins, Is $30 Milestone Possible?

Ume Habiba
Ume Habiba
11 months ago
3 mins read
SOL

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The price of Solana (SOL) has fluctuated a lot in the past week, like many other cryptocurrencies in the market. SOL is currently trading above $24, gaining 8.01% in its price in the past 7 days with over $376 million in trading volume in the past 24 hours.  

The coin’s movement has now sparked speculation among investors about the imminent breach of the $30 resistance threshold. 

Factors That Could Influence SOL’s Price

Solana has seen significant growth in terms of its total value locked (TVL). According to Data from Messari, Solana did better than other chains, with a 14% increase in the amount of funds locked in last month.

Related Reading

Ethereum Whale

Whale Purchases $10 Million stETH In The past Day, Here Are Possible Reasons Why

1 year ago

Additionally, data from DeFi Llama shows that Solana is now the 9th biggest chain in terms of locked funds. It has around $320.07 million locked, a big jump from the $205.11 million it had at the start of the year.

This surge in Solana’s Total Value Locked (TVL) could attract more people to buy SOL tokens. Importantly, with rising interest, the price of Solana’s tokens might increase due to higher demand. 

However, if there’s suddenly bad news about Solana’s security or performance, even with a growing TVL, people might get worried and start selling their SOL tokens. This increased supply and decreased demand could cause the price to drop. 

SOLUSD chart
SOL’s price currently hovers at $24.61 in the daily chart. | Source: SOLUSD price chart from TradingView.com

Can SOL Hit The $30 Milestone?

The daily chart shows that the asset has traded positively in the past 24-hour market circle. The coin is trading above the Simple Moving Average (SMA) indicator and is bullish, signaling a potentially strong uptrend and a positive momentum in its price movement. 

Additionally, it suggests that buyers are consistently active, pushing the price higher. This often indicates sustained demand and can potentially lead to further price appreciation. Meanwhile, the SMA can act as a support level if the price dips, preventing the price from falling too much. 

However, while the SMA can act as support, it can also become a resistance level if the price moves significantly above it. This is because the Relative Strength Index (RSI) at 55 suggests the coin is balanced between overbought and oversold conditions. 

The Moving Average Convergence Divergence (MACD) is also showing an attempt to cross over the signal line, indicated by the red histogram bar fading. This could signal a potential shift in momentum, with the upward movement gaining strength. 

Related Reading

PayPal PYUSD stablecoin

US Congresswoman Raises Concerns About Paypal Stablecoin In The Absence Of Regulation

1 year ago

Considering the analysis, SOL could potentially hit the $30 threshold in a few weeks if the bulls sustain the current market sentiment. So traders can anticipate a bullish move but should consider other indicators and market context for a more accurate assessment of the coin’s direction.

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Ume Habiba
Ume Habiba

Ume Habiba

Ume Habiba is a seasoned crypto writer with over 3 years of experience having a deep understanding of cryptocurrencies, Fintech, blockchain, web3, crypto market analysis, predictions, and more. Her 3 years journey as a crypto writer includes the contribution to NewsBTC, Coinlen, and BTCpolitan along with some PR crypto projects.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

Solana is once again in the spotlight after surging past the $240 level, marking a strong recovery and renewed momentum...

Sebastian Villafuerte 1 week ago
Coinbase

Coinbase Vs. State Regulators: Crypto Exchange Fights Legal Fragmentation

US-based crypto exchange Coinbase has made a significant appeal to the Department of Justice (DOJ) regarding a wave of lawsuits...

Ronaldo Marquez 1 week ago
ethereum

Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest

After failing to hit a new all-time high (ATH) of $5,000 in August 2025, Ethereum (ETH) may finally be ready...

Ash Tiwari 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana (SOL) Moves Higher

Solana (SOL) Moves Higher – Bulls Target Next Big Level as Volume Builds

Aayush Jindal 1 week ago

Bitcoin Holds $117,500 On Retail Support While Whales Stay Quiet – Cause For Concern?

Ash Tiwari 1 week ago
stablecoins payroll

Stablecoins και μισθοί σε crypto: Πώς αλλάζει η παγκόσμια αγορά εργασίας

Ιωάννης Ριζόπουλος 1 week ago

Premium Sponsors

Press Releases

  • dogecoin memecore

    Tại sao Dogecoin, MemeCore và Maxi Doge có thể là...

    2 weeks ago
  • Dự Đoán Giá Pepe

    Pepecoin tăng 20% | Điều gì đứng sau xu hướng...

    2 weeks ago
  • top 3 crypto

    XRP dự đoán đạt 30 USD, Solana có thể chạm...

    2 weeks ago
  • Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih stopa – Otvaraju li se vrata za kupnje dok Bitcoin Hyper ICO prelazi 16,5 milijuna USD

    Bitcoin ponovno na 117.000 USD nakon smanjenja kamatnih...

    2 weeks ago
  • 4 token, amelyek hatalmas növekedésre készülnek, hogy felülmúlják a Shiba Inu-t (SHIB) a következő bull runban

    4 token, amelyek hatalmas növekedésre készülnek, hogy...

    2 weeks ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.