{"id":593524,"date":"2024-10-31T15:26:54","date_gmt":"2024-10-31T15:26:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593524"},"modified":"2024-10-31T15:26:54","modified_gmt":"2024-10-31T15:26:54","slug":"solana-price-prediction-as-canary-capital-files-for-solana-etf-and-experts-predict-100x-returns-for-this-new-v2e-meme-coin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-as-canary-capital-files-for-solana-etf-and-experts-predict-100x-returns-for-this-new-v2e-meme-coin","title":{"rendered":"Solana Price Prediction As Canary Capital Files For Solana ETF And Experts Predict 100X Returns For This New V2E Meme Coin"},"content":{"rendered":"

The Solana price tumbled 2% in the last 24 hours <\/span>to trade at $174.35<\/a> as of 04:21 a.m. EST on trading volume that slumped 20% to $2.65 billion.<\/span><\/p>\n

This comes as Canary Capital filed to launch a spot Solana ETF (exchange-traded fund), joining other hopefuls such as VanEck and 21Shares.<\/span><\/p>\n

Solana Price Could Continue Soaring<\/h2>\n

The Solana price has been on a sustained bullish trend within a rising channel pattern as the bulls capitalized on the $136 support level, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The sustained positive trajectory has resulted in the price of Solana trading above both the 50-day and 200-day Simple Moving Averages (SMAs), an affirmation of the continued upward trend.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is trading within the neutral zone, currently at 46, which shows that the price still has space to soar even higher.<\/span><\/p>\n

In a bullish scenario, if the bulls sustain the current momentum, the price of Solana could soar even higher, currently targeting $200.<\/span><\/p>\n

\"Solana
SOLUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, if the market turns bearish, the 200-day SMA could act as the next possible support level at $156.<\/span><\/p>\n

As the Solana price aims for a continued bullish rally following the SOL ETF filling, some investors are turning to presale meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a>, which has surged past $1.18 million in funds raised.<\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n