Solana

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Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-sol-price-surge-whats-driving-the-rally/" data-wpel-link="internal">Solana (SOL) Price Surge: What’s Driving the Rally?</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/populer-ismin-bitcoin-btc-fiyat-tahmini-moralleri-bozdu" data-wpel-link="internal">Bitcoin</a> price</strong> has reclaimed the $71,500 mark, energizing Solana bulls, with the price now at $176. We have been writing for days that closing above $158 could push the <a href="https://en.coin-turk.com/mev-arbitrage-bot-scores-1-8-million-profit-in-a-single-solana-transaction/" data-wpel-link="internal">SOL</a> Coin price to new all-time highs. It seems the expected scenario is now unfolding. So, what’s the latest on the SOL Coin front?</p> 
<h2 style="text-align: justify" id="why-is-solana-sol-rising">Why Is Solana (SOL) Rising?</h2> 
<p style="text-align: justify"><strong>Solana’s price</strong> is rising due to the anticipation of a new <strong>airdrop</strong>, investors holding off on selling for high profits, and the recovery in <a href="https://coin-turk.com/bitcoin-fiyati-btcde-ilk-hedef-48-000-dolar" data-wpel-link="internal">BTC</a> price. With altcoins like WIF and BONK, the price that was once pushing against the $150 barrier is now setting its sights on new peaks after closing above $158.</p> 
<p style="text-align: justify">After the FTX collapse, the cryptocurrency suffered significant losses, but we’ve seen many supportive events since then. The latest was the news that Pantera offered to buy $200 million worth of SOL Coin from FTX for investors.</p> 
<p style="text-align: justify">The diminishing impact of FTX sales and rumors that remaining assets will be sold OTC by buyers like Pantera are driving the spot price higher.</p> 
<h2 style="text-align: justify" id="sol-coin-price-target">SOL Coin Price Target</h2> 
<p style="text-align: justify">After bottoming out below $9, the SOL Coin price has soared by approximately 1970% in 441 days. This means that an investment of $100 at the bottom would have grown to nearly $2,000. Moreover, closing above $158 indicates that the price is targeting $205.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-327723 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/SOLUSDT_2024-03-15_02-57-27.png" alt="" width="1204" height="555"></p> 
<p style="text-align: justify">As we have long stated, SOL Coin bulls are targeting the ATH (All-Time High) zone. Confirming this, the price reached $178 as investors waiting for closes above $158 joined the rally. This level was last seen on January 3, 2022.</p> 
<p style="text-align: justify">Assets like <a href="https://en.coin-turk.com/bitcoin-and-binance-coin-price-predictions-for-june/" data-wpel-link="internal">BNB</a> and AVAX are also rapidly increasing in price, suggesting that anticipated rallies in larger market cap cryptocurrencies may have started. While <a href="https://en.coin-turk.com/bitcoin-starts-the-week-at-26000-amid-negative-sentiment/" data-wpel-link="internal">BTC</a> has been fluctuating within a narrow range recently, capital is now shifting more intensely to these cryptocurrencies.</p> 
<p style="text-align: justify">If the expected scenario unfolds, the price should reach $205 and then $219, followed by $242. Depending on the demand at these levels, it wouldn’t be surprising to see the all-time high of $260 move to $300 and above.</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-sol-price-surge-whats-driving-the-rally/" data-wpel-link="internal">Solana (SOL) Price Surge: What’s Driving the Rally?</a></h5>

Solana (SOL) Price Surge: What’s Driving the Rally?

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