Solana Price Prediction as 3rd Most Traded Cryptocurrency in the World – Can SOL Reach $1,000 in 2024?
Solana (SOL) recently clinching the title of the 3rd most traded cryptocurrency globally with its current valuation at $108.79, despite a modest 24-hour dip of 0.84%, SOL’s market dynamics paint a picture of resilience and growth potential.
Nestled at the 5th spot on CoinMarketCap with a market capitalization nearing $47.95 billion, and a circulating supply of 440.7 million coins, Solana’s journey is marked by robust technological foundations and a vibrant ecosystem.
This backdrop sets the stage for speculation on whether SOL can scale the lofty heights of $1,000 in the coming year, a milestone that would redefine its market stature and investor perception.
The technical landscape for Solana is defined by several pivotal price points. The current pivot point stands at $109.73, serving as a baseline for potential price movements.
Immediate resistance is observed at $113.40, followed by subsequent resistance levels at $117.39 and $121.97.
On the downside, immediate support is found at $105.73, with further cushions at $102.25 and $99, indicating potential areas for price stabilization or reversal.
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