Solana Price Prediction as SOL Meme Coins Go Viral – Here’s the Latest

cryptonews.com:

SOL has risen by 3% in the past 24 hours, with the Solana price rallying to $134 as ongoing Bitcoin ETF-related bullishness pushes the entire market higher today.

SOL has now gained by 32% in a week and by 35% in the last 30 days, with the major altcoin also sitting on an impressive 530% appreciation since this time last year.

Aside from market-wide bullishness, Solana has also benefitted from a surge of interest in meme coins running on its platform, which has boosted demand for SOL.

As such, the latter is likely to continue seeing gains in the coming weeks and months, with its all-time high potentially under threat.

SOL’s chart continues to show plenty of momentum, momentum which is likely to continue in the near term.

Its relative strength index (purple) passed the 70 level at the start of the month and has even risen a little higher today, all without entering an excessively overbought position.

Meanwhile, SOL’s 30-day average (yellow) is rising at a steep angle, putting further distance between itself and the 200-day average (blue), and signalling how Solana remains in an expansionary phase.

And while the coin’s 24-hour trading volume isn’t as high as it was at the end of last week, it remains very healthy, at around $3.5 billion.