Solana

Strong

when

<p>Solana, the fifth-largest cryptocurrency by market cap has shown its resistance amidst the rising geopolitical tension. This unwavering strength has caught the attention of analysts, who are now predicting a potential breakout.</p>   
<p>Crypto analyst Jelle believes that Solana's steady performance is a strong indicator of a major upward move. Despite the broader market's struggles, Solana has managed to maintain its ground, hinting at a bullish future.</p>   
<p>Could Solana be the next big cryptocurrency to breakout? Read on to find out.</p>   
<h2 class="wp-block-heading" id="h-steady-growth-amid-bleeding-market">Steady Growth Amid Bleeding Market </h2>   
<p>According to analyst Jelle, Solana is gradually advancing toward higher levels, despite the broader market experiencing a downturn for months. While numerous cryptocurrencies have faced substantial losses recently, Solana has managed to maintain its footing.</p>   
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<p>Even though Solana is currently down about 35% from its all-time high of $259, it has not broken down from its consolidation phase. Recently, SOL has been moving sideways after reaching the $205 mark. Currently, it is trading around $146, reflecting a nearly 7% drop in the past 24 hours. This recent dip is mainly due to <a href="https://coinpedia.org/news/crypto-news-today-oct-2nd-2024-bitcoin-and-major-altcoins-fall-amid-iran-israel-war-tensions/" target="_blank" rel="noreferrer noopener">rising global tensions</a>, particularly in the Middle East, which have created uncertainty in the financial markets including the crypto space.</p>   
<p><strong>Is There Any Hope Left?</strong></p>   
<p>Despite this short-term setback, Jelle believes that Solana’s ability to maintain a steady path, even with the current market volatility, indicates that it could <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">soon start a new upward move</a>.&nbsp;</p>   
<p>He predicts that if the market stabilizes and investor confidence returns, Solana could work its way back to <a href="https://coinpedia.org/news/solana-skyrocket-to-220-analysts-predict-a-major-price-surge-ahead/" target="_blank" rel="noreferrer noopener">its all-time high of $259</a> and possibly even surpass it before the end of the year.</p>   [post_titles_links postid="358340"]   
<h2 class="wp-block-heading" id="h-solana-price-analysis">Solana Price Analysis</h2>   
<p>Since the past few weeks, Solana has been under heavy selling pressure, especially in September, when the downward trend became more noticeable.</p>   
<p>Currently, a crucial support level for Solana stands at $137—a key zone that has been tested multiple times since mid-July. If this support level fails to hold, Solana may encounter further downward pressure, with the next potential support zone hovering around $130.</p>   
<p>On the other hand, Solana faces resistance at $163.23, which has acted as a barrier since August. If buying interest increases and&nbsp; Solana breaks through this resistance, it could open the door for a potential rally toward $186.87. However, the market’s behavior in the coming days will be critical in determining Solana’s next move.</p>   
<p><strong>Are you, like several others, betting on SOL? Tell us your strategy!</strong></p>

Solana Price Prediction: Analyst Eyes New ATH Before 2024-End!

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