{"id":607505,"date":"2024-12-06T12:56:10","date_gmt":"2024-12-06T12:56:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=607505"},"modified":"2024-12-06T12:56:10","modified_gmt":"2024-12-06T12:56:10","slug":"solana-price-prediction-sol-pumps-33-in-a-month-as-traders-flock-to-this-best-crypto-wallet-ico-with-1328-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-pumps-33-in-a-month-as-traders-flock-to-this-best-crypto-wallet-ico-with-1328-staking-apy","title":{"rendered":"Solana Price Prediction: SOL Pumps 33% In A Month As Traders Flock To This Best Crypto Wallet ICO With 1,328% Staking APY"},"content":{"rendered":"

The Solana price surged 33% in the past month and 2% in the last 24 hours to trade at $240.46 as of 3.40 a.m. EST on trading volume that soared 16% to $8.82 billion.<\/span><\/p>\n

SOL is one of many cryptos that skyrocketed in November due to the excitement that spread throughout the crypto sector after Donald Trump’s election win. The President-elect is expected to bring more favorable laws and rules for the crypto industry once he returns to the White House.<\/span><\/p>\n

The SOL price previously managed to climb even higher and reach an all-time high around two weeks ago, on November 23, when its price skyrocketed to $263.83, finally beating the record that its price held since November 2021.<\/span><\/p>\n

Solana Price Prediction<\/span><\/h2>\n

While the SOL price is still 2% higher than it was 24 hours ago, the coin has started seeing a price<\/a> dip, likely caused by the sell-off that took BTC from $103.5k to its current $98.24k. However, technical indicators suggest that the SOL price is unlikely to drop too low, as a support at $235 is likely to hold its price from further descent.<\/span><\/p>\n

The fifth-largest coin by market cap has seen its Bollinger bands narrow over the last six hours or so, while the price went from pushing the upper band late last night to sticking closely to the lower band throughout the night. <\/span><\/p>\n

It briefly returned to the middle point between the two bands several hours ago, only to then once again drop to the bottom one and start pushing it down. However, the coin seemingly has a support at $235, which might hold it from sinking further. <\/span><\/p>\n

\"Solana<\/p>\n

Solana’s Relative Strength Index (RSI) value also suggests that this might be the case, as the RSI stopped its descent slightly before reaching the oversold zone at 30. It bounced back after reaching the value of 36, suggesting that traders may have been quick to move in and buy the dip, although this may prove to be a small interruption in the sell-off, which could yet continue.<\/span><\/p>\n

While Bitcoin’s price managed to recover to $98.1k since yesterday’s drop, the rest of the crypto industry is still trading in the red, Solana included. The altcoin market seems to be lagging behind the largest cryptocurrency, but with SOL’s RSI now quite near the oversold zone, traders could start moving in to buy the dip, especially if Bitcoin starts recovering in the hours to come.<\/span><\/p>\n

However, if the sell-off does continue, SOL could break the support at $235 and potentially drop further to an even greater support at $230, which it tested several times over the past three days.<\/span><\/p>\n

Promising Alternative To Solana<\/span><\/h2>\n

Right now, traders are trying to decide whether to buy, sell, or HODL Solana, while some have opted to walk a different path and pursue cryptos that are still in presale. One analyst favorite right now is BEST, the native token of Best Wallet<\/a>.<\/span><\/p>\n

Best Wallet is one of the most popular new wallets and it’s gaining momentum thanks to its massive number of features and pure convenience. <\/span><\/p>\n

It supports over 60 blockchains, which makes it one of the top options for those who hold cryptos from different ecosystems. Not only that, but it is also multi-wallet, meaning that you can connect multiple other wallets to it, and manage all of your coins and tokens from one place.<\/span><\/p>\n

The wallet is non-custodial, meaning that no one will have access to your funds but you, so no third parties to get in the way or potentially misuse your trust. <\/span><\/p>\n

It is available for both Android and iOS, and all of this together makes it one of the most universally convenient and practical wallets to hold your coins in.<\/span><\/p>\n

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🚨 $WEPE<\/a> presale is now live in Upcoming Tokens! 🚨@WEPEToken<\/a> gives holders access to top-tier trading insights, exclusive market calls, and access to private insider groups. 👀<\/p>\n

Here’s how to join:
📲 Download Best Wallet
🔥 Visit Upcoming Tokens
💎 Buy $WEPE<\/a> using $ETH<\/a> or… pic.twitter.com\/sLdStEOgkZ<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) December 3, 2024<\/a><\/p><\/blockquote>\n