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<p>Solana’s native token SOL has surged above $32 this past week, gaining significantly since early January. The layer-1 blockchain platform continues to make strides as an Ethereum competitor, with its total value recently reaching $378 million.</p>
<p>In a recent <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-base-bear-bull-case-solana-valuation-by-2030/" target="_blank" rel="noopener noreferrer nofollow">report</a>, asset management firm VanEck outlined bullish long-term forecasts for Solana, with the potential for SOL prices to reach between $9.81 and $3,211 by 2030. This represents an ambitious 10,600% upside from current levels. However, in the short term, SOL may be primed for a partial pullback after its parabolic rise.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="759" src="https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-1024x759.png" alt="" class="wp-image-366653" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-1024x759.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-300x222.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-767x569.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-1536x1139.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-2048x1519.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-202x150.png 202w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-100x74.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-472x350.png 472w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7-788x584.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/chart-7.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>According to analysis, the daily directional movement index (DMI) shows bears gaining increasing control over the SOL market. The +DI line is decreasing while the -DI line rises, signaling waning bullish momentum.</p>
<p>If bulls cannot regain control soon, SOL could drop below the psychological $30 level that has provided support during the rally.</p>
<p>The emerging bearish pressures align with a nearby technical support zone around the 21-day exponential moving average, currently around $28. A 15% drop from the local high of $32 would land SOL right in this area around $27.</p>
<p>Importantly, the major uptrend remains intact for Solana above the $20 breakout level. Any pullbacks should be viewed as healthy consolidation within the broader bull move rather than a trend reversal.</p>
<p>Buyers have a chance to regain dominance on a retest of the 21-day EMA support. This key moving average also lines up with the $27–$28 demand zone that catalyzed the parabolic breakout in January. Bulls want to see this area flip back to support.</p>
<p>Read also:</p>
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 <li><a href="https://captainaltcoin.com/dogecoin-faces-resistance-at-0-07-but-this-doge-indicator-confirms-a-buy-signal/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin Faces Resistance at $0.07, but This DOGE Indicator Confirms a ‘Buy Signal’</a></li>
 <li><a href="https://captainaltcoin.com/october-in-focus-injective-solana-and-inqubeta-emerge-as-the-biggest-winners/" target="_blank" rel="noopener noreferrer nofollow">October in Focus: Injective, Solana, and InQubeta Emerge as the Biggest Winners</a></li>
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<p>Looking beyond any near-term volatility, the possibilities seem endless for Solana, according to analysts like VanEck. If the network can capture even a fraction of Ethereum’s activity and market share over the coming years, enormous growth potential lies ahead.</p>
<p>But in the short term, traders should be cautious around current prices and watch for SOL to consolidate between $27 and $32 before making its next major move.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/solanas-price-potential-vaneck-anticipates-a-10600-rally-for-sol-by-2030/">Solana’s Price Potential: VanEck Anticipates a 10,600% Rally For SOL by 2030</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Solana’s Price Potential: VanEck Anticipates a 10,600% Rally For SOL by 2030

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