Solana

Strong

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-shows-strong-potential-despite-market-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Shows Strong Potential Despite Market Fluctuations</a><br></p>
<p style="text-align: justify">Although fluctuations in the cryptocurrency world are common, <strong><a href="https://en.coin-turk.com/solana-a-rising-star-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a></strong> (SOL) has shown a promising outlook despite these fluctuations. Despite the general slowdown observed in various cryptocurrencies, Solana has gained consistent attention, indicating a potential upward trend in the coming period. According to the latest analysis by cryptocurrency trading expert Jelle, Solana holds significant upward movement potential.</p>
<h2 style="text-align: justify" id="solana-s-upward-scenario">Solana’s Upward Scenario</h2>
<p style="text-align: justify">Jelle’s analysis shared on the social media platform X on July 31, 2024, indicates that Solana is “preparing to enter a phase that could create excitement.” The analyst predicts that the altcoin Solana could rise to $600, a 229.04% increase from its current price.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" class="wp-image-375724 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/xrp-17.png" alt="" width="503" height="494"></p>
<p style="text-align: justify">This prediction is based on Solana surpassing its previous all-time highs (ATH). A gain of 130.81% from its ATH of $259.96 in November 2021 could make this target achievable.</p>
<h2 style="text-align: justify" id="current-performance-and-legal-developments">Current Performance and Legal Developments</h2>
<p style="text-align: justify">Currently trading at approximately $182.35, Solana has increased by 1.13% in the last 24 hours, 2.71% in the past week, and 24.99% in the last month. This performance has positioned Solana as the fifth-largest cryptocurrency by market value.</p>
<p style="text-align: justify">One of the factors behind Solana’s rise is the developments in the legal battle between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency exchange Binance. The SEC has softened its allegations that some crypto assets are unregistered securities, positively impacting Solana’s price movements.</p>
<h2 style="text-align: justify" id="advice-for-investors">Advice for Investors</h2>
<p style="text-align: justify">Solana’s upward momentum is supported by the breaking of the reaccumulation structure and positive legal developments. If these positive triggers continue, reaching Jelle’s target of $600 could be possible.</p>
<p style="text-align: justify">The current optimism surrounding Solana is supported by <strong><a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">technical analysis</a></strong> and recent positive market developments. The ambitious $600 price target is a prediction based on observed trends and potential <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> movements. However, its realization is, of course, contingent on a bull market.</p>
<p style="text-align: justify">Another catalyst is the ETF process for Solana. However, this process is not expected to happen immediately. The probable date is projected to be 2025. Even the possibility of approval for the ETF process could push Solana’s price to the analyst’s target of $600.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-shows-strong-potential-despite-market-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Shows Strong Potential Despite Market Fluctuations</a></h5>
<p>The post <a href="https://en.coin-turk.com/solana-shows-strong-potential-despite-market-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Shows Strong Potential Despite Market Fluctuations</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana Shows Strong Potential Despite Market Fluctuations

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