Solana Price Prediction: SOL Pumps 9% As This Bitcoin ETF Approvals Play Closes On $2 Million In Presale

Updated: 29 November 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Solana price experienced a 9% increase in the last 24 hours to trade at $60.61 at 7 a.m. EST.

Solana’s price has been on an upward trajectory since mid-October 2023. Over the past month, the altcoin has consistently climbed, reaching its peak for 2023 at $68.21.

Solana Price: Bulls Regain Momentum

Solana Price Chart Analysis. Source: Tradingview.com — SOLUSD Chart Analysis. Source: Tradingview.com

Solana Price Prediction

The SOL price has exhibited resilience amidst the ongoing correction, demonstrating a consistent upward trajectory on the price chart. Bulls have effectively breached vital resistance levels at $32.49 and $51.17, reaching a resistance level at $67.48.

Solana price trades above the 50-day and 200-day moving averages, signaling a bullish sentiment.

The occurrence of a golden cross, where the 50-day Simple Moving Average (SMA) has crossed above the 200-day SMA, likely attracted additional buyers to the market. Besides, the support at $51 has given the bulls a footing to push the price to new levels above the current resistance level.

SOL has the potential to surpass the $68 threshold in the coming weeks, supported by the Relative Strength Index (RSI) maintaining upward momentum above the overbought region. Although there was a brief dip to the 54 mark, the RSI indicates a rebound from 64, indicating intense buying pressure.

Despite a minor correction, the strength of bullish momentum persists as buyers show an unwavering commitment to recovering losses. This resolve is steering prices toward projected highs in 2023, with targets at approximately $80 and $100, respectively.

A bearish trend might emerge when the price reaches approximately $64, providing an opportunity to adjust the price and mitigate potential losses. Bearish actions at this point could exert downward pressure on the price, with a focus on the critical support zone at $51.17.

SOL investors can also diversify their portfolio by exploring the Bitcoin ETF Token, which has seen traction in the crypto space, with investors flocking to it for its potential upside.

Bitcoin ETF Token Close To $2 Million Funding, Price Hike in 56 Hours

The Bitcoin ETF Token (BTCETF) is an ERC-20 token gaining attention, especially anticipating approval of spot Bitcoin ETFs.

The SEC has taken another step on the long, winding road to a potential spot Bitcoin ETF approval. https://t.co/XDL3JOUGyq

— Cointelegraph (@Cointelegraph) November 29, 2023

Like GROK, which gained popularity through its association with Elon Musk’s AI, Bitcoin ETF aims to capitalize on Bitcoin’s success once spot Bitcoin ETFs are approved.

In its 6th presale stage, BTCETF has raised $1.96 million and is nearing the $2 million funding milestone as more investors join.

#BitcoinETF Stage 6 has officially started! 🎉 pic.twitter.com/3fdtIR4TyK

— BTCETF_Token (@BTCETF_Token) November 28, 2023

You can purchase BTCETF tokens at a discounted rate of $0.006, but this price will increase in just 56 hours.

Stake and Earn Passive Income

Additionally, the project offers an opportunity for investors to earn passive income through staking. Stakers can enjoy a high annual percentage yield (APY) of 124%, with current rewards at 119 per ETH block.

No Bs Crypto, a popular crypto YouTuber and analyst with over 39,000 subscribers has reviewed the Bitcoin ETF Token project, expressing optimism about its potential to make people wealthy.

https://www.youtube.com/watch?v=6swgaG7xiL8

To buy BTCETF tokens, visit the Bitcoin ETF Token website, connect your digital wallet, and exchange your crypto (BNB, ETH, USDT, or MATIC) for BTCETF tokens. Alternatively, you can purchase directly using your bank card.