Attention, people! Uff! If you thought Solana (SOL) had already given its best, hold on tight, because the sharpest analysts are saying this is just the beginning. After breaking the $200 barrier for the first time in five months, SOL is proving it has the power to go much further. 🚀 It is currently at $197.79, with a slight dip today, but watch out! It has risen 18% in the last week and almost 50% in the last month. Crazy! 🤯
The crux of the matter here is the brutal growth that the Solana ecosystem is experiencing. Its market capitalization has already surpassed $105 billion and its total value locked (TVL) skyrocketed to nearly $10 billion thanks to an influx of $800 million in staking. This is not a coincidence; it's people putting their money in because they trust the network. Moreover, the enthusiasm for SOL ETFs is through the roof, with a 99% chance that we will see one in 2025. Just imagine the boost that would give! 🤑
Christiaan Defi, a heavyweight analyst, tells us that Solana is at a key point: it has super strong support around $196. If it manages to surpass $254, it could take off to $400 or even $500 in this bullish trend. It is forming higher lows and the momentum is undeniable!
And as if that weren't enough, Grok, Ali Martínez's AI model, points it out as the main altcoin to watch in 2025, giving it a 14% chance of being the best performer. More than any other coin it has analyzed! 🤖
The Solana ecosystem is a beast in itself: it is a super fast and scalable Layer 1, and the meme coins running on it are attracting a massive community. Recently, in just one day, the NFT trading volume on Solana surpassed $2 million, the highest in 113 days! And the tokenized stocks launched less than a month ago already have over $300 million in volume. This only shows us the unstoppable demand and activity on the chain. 🚀🖼️
Now, as in any good plot, there's a twist. Although Martínez says that Solana has broken an ascending triangle and is heading towards $300-$360, an analyst out there warns that SOL could end up like "LUNA" (a coin that crashed). This analyst sees bearish divergences and rejections in the moving averages, with no signs of recovery! 📉 But not all is lost: Daan Crypto is more optimistic, pointing out that SOL has surpassed the key level of $180 and the bullish trend remains strong.
StackingUSD gives us the crucial data: if Solana surpasses the resistance of $216, the next important target is between $248 and $259. If money starts rotating from Ethereum (ETH) to Solana, along with news about the treasury and ETF approval, we would have the definitive push for it to soar to its next main targets!
So, are you ready to see if Solana breaks all records or if the skeptics are right? 🧐 The crypto market always keeps us on the edge of our seats!
