{"id":623876,"date":"2025-02-04T03:25:14","date_gmt":"2025-02-04T03:25:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623876"},"modified":"2025-02-04T03:25:14","modified_gmt":"2025-02-04T03:25:14","slug":"solana-price-prediction-sol-surges-15-as-this-layer-2-crypto-presale-hurtles-towards-18-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-surges-15-as-this-layer-2-crypto-presale-hurtles-towards-18-million","title":{"rendered":"Solana Price Prediction: SOL Surges 15% As This Layer-2 Crypto Presale Hurtles Towards $18 Million"},"content":{"rendered":"

The Solana price surged over 15% in the last 24 hours to trade at $216.78 as of 9:56 p.m. EST as investors go long on the altcoin.<\/span><\/p>\n

Despite the recent gain, the SOL price was not able to erase the losses it suffered over the last week. As a result, the crypto remains more than 8% in the red on the weekly time frame.<\/span><\/p>\n

Solana Price Trying To Establish A Technical Support<\/span><\/h2>\n

\"SOL<\/p>\n

4-hour chart for SOL\/USDT (Source: <\/span>GeckoTerminal<\/span>)<\/span><\/p>\n

The <\/span>Solana<\/span><\/a> price rebounded<\/a> off of the $186.92 support in the last 24 hours and is now attempting to establish a position above the $213.69 resistance level. <\/span><\/p>\n

Should the altcoin close the next 2 4-hour candles above $213.69, it could have the space needed to challenge the $245.81 resistance next. An extremely bullish case might see SOL rise to $281.49.<\/span><\/p>\n

On the other hand, the Solana price falling back below the $213.69 mark could result in a more bearish scenario playing out that might lead to SOL plunging to the $186.92 support again.<\/span><\/p>\n

Technicals Suggest The Solana Price Might Keep Rising<\/span><\/h2>\n

From a technical perspective, indicators on SOL’s 4-hour chart suggest the <\/span>Solana<\/span><\/a> price might keep climbing. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.<\/span><\/p>\n

RSI readings have risen in the last couple of hours to indicate an increase in buyer strength. The current RSI value just below the neutral 50 mark shows that bears are still slightly stronger than bulls. <\/span><\/p>\n

However, the positive slope of the RSI line suggests this may not be the case for much longer. The RSI rising above 50 could signal that buyers have taken over full control of SOL.<\/span><\/p>\n

Meanwhile, the MACD line crossed above the MACD Signal line in the last few hours. This major bullish technical event suggests that the Solana price has entered a positive trend. <\/span><\/p>\n

With the gap between the MACD and MACD Signal lines growing, it seems SOL’s bullish momentum is growing stronger. This could lead to the Solana price climbing even higher in the coming hours. <\/span><\/p>\n

With technicals flashing bullish for the Solana price, investors will likely continue to buy into <\/span>Solaxy (SOLX)<\/span><\/a>, the first Solana-focused layer-2 crypto project. <\/span><\/p>\n

Experts are bullish on SOLX. Among them is 99Bitcoins, a popular crypto YouTube channel with over 724K subscribers, who says that SOLX has the potential to soar 100X after its launch.<\/span><\/p>\n