{"id":619417,"date":"2025-01-19T13:16:12","date_gmt":"2025-01-19T13:16:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619417"},"modified":"2025-01-19T13:16:12","modified_gmt":"2025-01-19T13:16:12","slug":"solana-price-prediction-sol-skyrockets-19-to-new-all-time-high-amid-trump-coin-frenzy-is-this-sol-layer-2-next-to-pump","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-skyrockets-19-to-new-all-time-high-amid-trump-coin-frenzy-is-this-sol-layer-2-next-to-pump","title":{"rendered":"Solana Price Prediction: SOL Skyrockets 19% To New All-Time High Amid $TRUMP Coin Frenzy – Is This SOL Layer 2 Next To Pump?"},"content":{"rendered":"

The Solana price skyrocketed 19% in the past 24 hours to trade at $255.13 as of 08:51 p.m. EST on trading volume that soared 372% to $26.9 billion, according to CoinGecko.<\/span><\/p>\n

Solana is reaping the rewards of being the home for Donald Trump’s official meme coin, $TRUMP, which exploded ofter yesterday. The price of Solana (SOL) surged to a new all-time high (ATH) at the $263.27 mark, according to<\/span> CoinGecko<\/span><\/a>.<\/span><\/p>\n

Solana Price On A Sustained Surge<\/b><\/h2>\n

The <\/span>SOL price<\/span><\/a> has been following a distinct bullish trajectory on the 4-hour chart. After forming a parabolic curve pattern in mid-January, the Solana price has seen a steep rise, surging past major moving averages and reaching highs of $263 before slightly retracing to the current level of $255.13.<\/span><\/p>\n

The parabolic curve indicates a strong momentum-driven rally, which is often indicative of aggressive buying pressure. This uptrend was fueled by a break above the 200-day Simple Moving Average (SMA) and the 50-day SMA, both of which are now acting as dynamic support levels. The moving averages also demonstrate a “golden cross” formation at $199.7, where the 50-day SMA crossed above the 200-day SMA—a traditionally bullish signal.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 76.71, placing it firmly in overbought territory (above 70). This suggests that the price of Solana rally has been strong but may be approaching exhaustion. Overbought conditions often precede corrections, although strong trends can keep the RSI elevated for prolonged periods.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) line is at 15.62, significantly above the signal line at 11.65, confirming strong bullish momentum.<\/span><\/p>\n

\"Solana<\/p>\n

SOL\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

SOL Price Prediction – Is $300 Next?<\/b><\/h2>\n

In the short term, the Solana price is likely to face resistance near the $270-$275 zone, where the price has stalled recently. A break above this level could propel it toward $300, a psychological resistance level.<\/span><\/p>\n

However, the overbought RSI and the steep parabolic curve increase the likelihood of a retracement before further upside. A correction could see the price of SOL retest the $220-$230 range, which coincides with the recent breakout zone and aligns with the 50-day SMA support. If selling pressure intensifies, the 200-day SMA near $200 would be the next critical support to watch.<\/span><\/p>\n

As investors pile into SOL, they are also snapping up a new alternative called <\/span>Solaxy (SOLX)<\/span><\/a>, which 99Bitcoins, a popular crypto channel on YouTube with over 721K subscribers, says might soar 100x after launch.<\/span><\/p>\n