Solana Price Prediction: SOL Sets A New All-Time High On Coinbase As ETF Applications Mount And This New Meme Coin Skyrockets 2,000%
The Solana price surged 8% in the past 24 hours to trade at $240.47 as of 11:40 a.m. EST on trading volume that surged 53% to $10.9 billion. This comes as SOL hit a new ATH of $264.31 on Coinbase. The momentum behind the asset has been driven by filings this week from Bitwise, VanEck, 21Shares and Canary Capital to issue spot Solana ETFs (exchange-traded funds). Solana’s popularity has also been driven by a new outbreak of meme coin mania that promises revenue growth for its Pump.fun meme coin launching platform Solana Price Aims For A Sustained Rally The Solana price has been in an uptrend since October, after the bulls took control of the asset around the $160 support zone, according to data from GeckoTerminal . The momentum picked up in November, with the price soaring even higher, registering higher highs and higher lows, forming a rising channel pattern. XRP has remained above both the 50-day and 200-day Simple Moving Averages (SMAs) as a result of the uptrend. The Rel...