• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, September 8, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Solana (SOL) Surges: Top Performer with Bullish Technicals

Jordan Avery by Jordan Avery
January 30, 2024
in Solana
Reading Time: 3 mins read
0
solana-price-top-cryptocurrency
Share on TwitterShare on Facebook

Technical analysis indicates the possible rapid growth of altcoisS. SOL continues to be the most dynamic cryptocurrency from the TOP 20. Over the week, its rate has increased by 25% and is $103. An additional impetus for the growth of the asset was the increased popularity of the Jupiter decentralized exchange on its blockchain with a trading volume of $585 million per day. The development of the Solana ecosystem gives investors confidence that its coin’s sustainable rally will continue.

Solana-SOL-Surges-Top Performer-Bullish-cryptocurrency
source: tradingview.com

Technical analysis also speaks in favor of SOL. The cryptocurrency has only recently broken out of the converging triangle, testing it as a new support level and continues its upward movement. Analysts believe that potentially this year the coin could update its historical maximum, recorded in 2021 at $259.

The number of new addresses on the network this week reached a new record high of over 450,000. At the same time, the number of active addresses is quickly returning to annual peaks of 1 million. Likewise, the trend in value moved on the blockchain is also recovering and is now just under $40 billion in 7 days.

Overall, positive trends and positive technical indicators indicate a high probability that the SOL price will quickly reach new heights.

Solana (SOL) continues to be one of the best-performing cryptocurrencies

Increased interest in it has led to Solana’s market capitalization reaching $43.7 billion, which is significantly more than the $38.1 billion recorded as of January 22.

Indeed, Solana’s recent gains have coincided with a short-term market rally led by Bitcoin (BTC). Most cryptocurrencies benefited from Bitcoin’s gains amid slowing earnings from the spot exchange-traded fund (ETF) Grayscale Bitcoin Trust (GBTC). At the same time, buying pressure has emerged on Solana’s side as the network experiences increased activity due to meme coin transactions.

The new popular meme token WEN is currently distributed to one million users, including users of the Solana Jupiter exchange, owners of Solana Saga phones, and NFT holders of certain Solana-based collections.

After the success of the first Solana smartphone, the blockchain project team announced the release of the second, and demand for it is already growing. In particular, pre-orders for the device almost reached 30,000 within an hour. Against the background of increased activity, the number of addresses on the network is also increasing – in January 2024, at least 10 million new addresses were registered on the network, most of which are associated with the activity of meme coins.

Tags: cryptocurrencyMarket Trendsmeme coinSOL pricesolanasolana ecosystemtechnical analysisWEN token
Previous Post

DeFi on NEAR Protocol: Unlimited Projects and Opportunities

Next Post

TAO Reaches All Time High As Bittensor Tests Incentivize Computing

Related Posts

Solana ETF With Built-In Staking Is About to Go Live , Here’s What It Means
News

Solana ETF With Built-In Staking Is About to Go Live, Here’s What It Means

June 30, 2025
Solana Hits $145 Again But Could This Time Be Different
News

Solana Hits $145 Again But Could This Time Be Different?

June 29, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Solana On-Chain Metrics Signal Bearish Turn
News

Solana On-Chain Metrics Signal Bearish Turn

May 7, 2025
Solana Accumulation Phase: $100 Could Be It
News

Solana Accumulation Phase: $100 Could Be It

May 4, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier