Points
- Solana （SOL） is gaining attention after SEC’s recent classification adjustments.
- Analysts predict potential new all-time highs for Solana.
- Current market behavior indicates a possible significant rally for SOL.
- SOL’s price remains volatile with key support and resistance levels.
Solana （SOL） has recently garnered attention following the U.S. Securities and Exchange Commission’s （SEC） adjustments regarding the token’s classification. This has led to various market analysts sharing optimistic predictions about Solana’s price trajectory. Some foresee a potential drop to $150 before a massive rally, while others expect new all-time highs.
On Tuesday, crypto trader Yoddha forecasted that Solana could experience a significant surge based on its historical performance. According to his analysis, SOL saw a 96% drop from its all-time high during the last bearish rally, followed by a 343-day accumulation period. This period led to a 600% surge to a yearly high above $200 seen in March. Yoddha suggests that SOL is currently in another accumulation zone, moving within a falling wedge pattern. His chart indicates that Solana’s price could skyrocket by 455% in the coming months, reaching the $1,000 mark during this bullish run.
Another analyst, Inmortal Crypto, noted that SOL recently rejected the weekly opening price of $190. If SOL fails to hold the $180 support level, it could potentially drop to retest the monthly opening of $147 before resuming its climb. Similarly, analyst Poseidon stated that investors might have the chance to buy SOL below $150 again before it rallies to $500.
Crypto Jelle, another market observer, pointed out that SOL broke out of a “re-accumulation structure” this month, a pattern that previously preceded significant price expansions. He believes that Solana looks poised to push higher and could enter a “mania-like stage” once it gains momentum. However, Jelle set the token’s final target at $600, expressing caution against overly optimistic expectations of $1,000.
Despite the bullish predictions, Solana’s price remains volatile. Recent bullish news, including the SEC’s amended complaint in the lawsuit against Binance, had little immediate impact on SOL’s price. The regulator indicated that there is no immediate need for a court ruling on the allegations regarding certain tokens.
Additionally, Solana was the second-largest revenue-generating crypto project on July 29, with the network generating $940,000 in revenue in just 24 hours. This surpasses Ethereum’s $844,300 revenue, highlighting Solana’s growing significance in the crypto market.
Currently, Solana is trading at $182, reflecting a 0.3% drop from yesterday but a mild 2.5% increase over the past week. The token’s price is fluctuating between $177 and $183, indicating that it is still finding its footing amid market volatility.
解説
- The SEC’s adjustments in Solana’s classification have sparked renewed interest and optimism among market analysts.
- Historical patterns and accumulation zones suggest potential for significant price rallies for Solana in the coming months.
- Key support and resistance levels, such as $180 and $147, are critical to monitor for potential price movements.
- The re-accumulation structure breakout indicates a possible bullish phase for Solana, although predictions vary on the extent of the rally.
- Despite market volatility, Solana’s strong revenue generation and growing market presence underscore its importance in the crypto ecosystem.