Solana

Bitcoin

when

Bonk

<div class="finbold"> 
 <p class="paragraph">Solana (SOL) has exhibited a bullish bias for most of 2024, with the decentralized finance (DeFi) token surging over 170% in the last six months.</p> 
 <p class="paragraph">Amid bullish sentiments primarily driven by increased activity on the Solana blockchain, the $200 <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target has become a key goal for the asset. Investors believe that reclaiming the $200 mark will pave the way for another all-time high.</p> 
 <p class="paragraph">To determine the next SOL <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trajectory, Finbold consulted artificial intelligence (AI) that leverages machine learning algorithms from <em>CoinCodex</em> to gather insights into the asset’s potential valuation at the end of the month.</p> 
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"> <path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
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 <p class="paragraph">According to data retrieved on June 2, the tool predicted that SOL will likely trade at $188.59 on June 30, reflecting an increase of almost 15% from the current <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.</p> 
 <figure class="wp-block-image aligncenter size-full">
  <img decoding="async" width="927" height="435" src="https://cdn.thebittimes.com/images/2024/06/03/1ca8ed79851423ea36a786ea8a8fd38f.webp" alt="" class="wp-image-180274" srcset="https://cdn.thebittimes.com/images/2024/06/03/1ca8ed79851423ea36a786ea8a8fd38f.webp 927w, https://cdn.thebittimes.com/images/2024/06/03/1ca8ed79851423ea36a786ea8a8fd38f.webp 300w, https://cdn.thebittimes.com/images/2024/06/03/1ca8ed79851423ea36a786ea8a8fd38f.webp 768w" sizes="(max-width: 927px) 100vw, 927px">
  <figcaption class="wp-element-caption">
   <em>Solana price prediction. Source: CoinCodex</em>
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="h-technical-analysis-take-on-solana-s-price-nbsp">Technical analysis take on Solana’s price&nbsp;</h2> 
 <p class="paragraph">In addition to the AI <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> projection, analysts at <em>Vantage Markets</em> shared insights into key <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> levels to watch. In a <em>TradingView</em> post on May 31, the analysts noted that SOL is approaching a critical resistance level aligned with the 50% Fibonacci retracement, indicating a potential reversal.</p> 
 <p class="paragraph">The experts suggested that traders consider entering at $175.23, targeting this overlap resistance for its strategic significance. The stop loss is set at $188.78, where a pullback resistance level provides a safeguard.</p> 
 <figure class="wp-block-image aligncenter size-large">
  <img decoding="async" width="1024" height="574" src="https://cdn.thebittimes.com/images/2024/06/03/8d65b3b7fabcdd371d65fe4d3b0ce7a6.webp" alt="" class="wp-image-180276" srcset="https://cdn.thebittimes.com/images/2024/06/03/8d65b3b7fabcdd371d65fe4d3b0ce7a6.webp 1024w, https://cdn.thebittimes.com/images/2024/06/03/8d65b3b7fabcdd371d65fe4d3b0ce7a6.webp 300w, https://cdn.thebittimes.com/images/2024/06/03/8d65b3b7fabcdd371d65fe4d3b0ce7a6.webp 768w, https://cdn.thebittimes.com/images/2024/06/03/8d65b3b7fabcdd371d65fe4d3b0ce7a6.webp 1085w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>Solana price analysis chart. Source: TradingView</em>
  </figcaption>
 </figure> 
 <p class="paragraph">Overall, Solana’s <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movement has been heavily influenced by on-chain activity, with the meme coin frenzy being a significant driver. The <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has rallied thanks to surging investor interest in Solana-based memecoins like Dogwhifhat (WIF) and Bonk (BONK). This frenzy has boosted Solana’s network activity, leading to increased transactions and revenues.</p> 
 <p class="paragraph">Additionally, the influx of new meme coins has significantly enhanced the total value locked (TVL) across the Solana ecosystem. According to data from<em> DefiLama</em>, Solana’s TVL stands at $4.787 billion, having surged 239% in 2024.</p> 
 <figure class="wp-block-image aligncenter size-full">
  <img loading="lazy" decoding="async" width="891" height="487" src="https://cdn.thebittimes.com/images/2024/06/03/72d7c701a1e9f505a6668f0904e72b7d.webp" alt="" class="wp-image-180277" srcset="https://cdn.thebittimes.com/images/2024/06/03/72d7c701a1e9f505a6668f0904e72b7d.webp 891w, https://cdn.thebittimes.com/images/2024/06/03/72d7c701a1e9f505a6668f0904e72b7d.webp 300w, https://cdn.thebittimes.com/images/2024/06/03/72d7c701a1e9f505a6668f0904e72b7d.webp 768w" sizes="(max-width: 891px) 100vw, 891px">
  <figcaption class="wp-element-caption">
   <em>Solana YTD TVL chart. Source: DefiLlama</em>
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="h-solana-price-analysis">Solana price analysis</h2> 
 <p class="paragraph">As of press time, Solana was trading at $164, with a 24-hour correction of almost 1.5%. Over the past seven days, the cryptocurrency has gained about 1%.</p> 
 <figure class="wp-block-image aligncenter size-full">
  <img loading="lazy" decoding="async" width="675" height="550" src="https://cdn.thebittimes.com/images/2024/06/03/f2451f9d3a06aa16990d3ef037a3889a.webp" alt="" class="wp-image-180278" srcset="https://cdn.thebittimes.com/images/2024/06/03/f2451f9d3a06aa16990d3ef037a3889a.webp 675w, https://cdn.thebittimes.com/images/2024/06/03/f2451f9d3a06aa16990d3ef037a3889a.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption">
   <em>Solana seven-day price chart. Source: Finbold</em>
  </figcaption>
 </figure> 
 <p class="paragraph">Meanwhile, Solana’s technical indicators remain largely bullish for the next month. Data from <em>TradingView </em>shows that a summary of the 30-day technical indicators aligns with a ‘buy’ sentiment at 9 while moving averages indicate a ‘strong buy’ at 7. Oscillators recommend ‘buy’ at 2.</p> 
 <figure class="wp-block-image aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="197" src="https://cdn.thebittimes.com/images/2024/06/03/a9d5c647fd4f57684d75198b70399198.webp" alt="" class="wp-image-180279" srcset="https://cdn.thebittimes.com/images/2024/06/03/a9d5c647fd4f57684d75198b70399198.webp 1024w, https://cdn.thebittimes.com/images/2024/06/03/a9d5c647fd4f57684d75198b70399198.webp 300w, https://cdn.thebittimes.com/images/2024/06/03/a9d5c647fd4f57684d75198b70399198.webp 768w, https://cdn.thebittimes.com/images/2024/06/03/a9d5c647fd4f57684d75198b70399198.webp 1536w, https://cdn.thebittimes.com/images/2024/06/03/a9d5c647fd4f57684d75198b70399198.webp 1598w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>Solana technical analysis. Source: TradingView</em>
  </figcaption>
 </figure> 
 <p class="paragraph">Overall, with Solana dominated by bullish sentiments, the token’s bulls must sustain the price above the $160 support to realize steady upward momentum.&nbsp;</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ai-sets-solana-sol-price-for-june-30-tbt90995.html">https://thebittimes.com/ai-sets-solana-sol-price-for-june-30-tbt90995.html</a></p>

AI sets Solana (SOL) price for June 30

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