2024

Solana

April

Dogecoin

Captain

<p>The post <a href="https://coinpedia.org/price-analysis/top-reason-why-solana-sol-price-is-all-set-to-hit-new-ath-in-april/" rel="noopener noreferrer nofollow">Top Reason Why Solana (SOL) Price Is All Set To Hit New ATH in April</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The altcoin industry is gradually bullish after being trapped in a consolidation and correction mode for the past few weeks. Top altcoins – led by BNB, Dogecoin (DOGE), and Solana (SOL), among others – have already signaled a fresh bull leg ahead. With Bitcoin dominance showing an inevitable reversal in the near term, crypto cash rotation will favor the altcoin industry before the halving happens in mid-April.</p>
<h2 class="wp-block-heading" id="h-solana-out-of-the-woods">Solana Out of the Woods</h2>
<p>Earlier this month, Bloomberg first reported that Pantera Capital seeks to buy up to $250 million worth of Solana coins from the distressed FTX estate. With FTX’s former boss SBF sentenced to a 25-year prison term, the Solana ecosystem can catch a break from the bankruptcy proceedings.&nbsp;</p>
<p>The tangible growth of the Solana web3 ecosystem, bolstered by the Saga mobile, has significantly increased the demand for SOL coins from institutional investors. As of this writing, the Solana network had about $4.6 billion in total value locked (TVL) and nearly $3 billion in stablecoins market cap.</p>
<h2 class="wp-block-heading" id="h-sol-price-target">SOL Price Target</h2>
<p>After reaching a psychological resistance level of around $208 earlier this month, SOL price has been consolidating in a triangular pattern with a breakout on either side likely to happen in the coming days. From a technical standpoint, the SOL price is likely to print a stop hunt below $160 before continuing with the prior bullish trend.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> hasn't hit a New All-time High yet, so Hold with Patience.<br><br>Expecting New ATH in April..<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <a href="https://twitter.com/hashtag/SOLANA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOLANA</a> <a href="https://t.co/05QONOUERb" rel="noopener noreferrer nofollow">pic.twitter.com/05QONOUERb</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1773550356703617155?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 29, 2024</a>
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<p>According to a popular crypto analyst alias Captain Faibik, SOL price will likely reach a new ATH in April. Moreover, it is safe to assume that the SOL bulls are in control after rallying nearly 1000 percent in the past year.</p>

Top Reason Why Solana (SOL) Price Is All Set To Hit New ATH in April

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