Solana (SOL)

Solana’s price breaks past resistance at $113, extending 60% weekly gains. Traders eye a $250 target for SOL in 2024.

Stablecoin issuer Paxos announced its USDP token will launch on Solana starting January 17th, 2024 after attaining regulatory approval, marking a major competitive milestone versus rivals.

Circle has integrated its EUR-backed stablecoin EURC into the Solana blockchain, allowing faster and cheaper transactions and expanding the EURC’s utility.

Solana’s bullish trend is at risk as the bearish divergence between its price and key indicators indicates a potential 40% crash and questions the uptrend’s sustainability.

Solana saw an 8% price surge today as indicators suggest a breakout above the key $80 resistance level may be forthcoming. Bullish signals include moving average crossovers.

An anonymous crypto enthusiast lucked into a 100x return after betting $1,000 on the recent Solana memecoin Dogwifhat (WIF), capitalizing on the renewed allure of dog-themed tokens to realize over $100K so far.

Some analysts are making extremely bullish Solana price forecasts like $300 or even $1,000 for the SOL token, which has already explosively risen from $10 to around $78 in 2023 – a 650% increase.

Solana’s price dropped 13% suddenly, liquidating nearly $20 million in long positions and delivering huge losses to SOL traders who had bet on continued gains. The crash was the biggest blow to bullish traders since SOL had risen 600% in 2023.

Solana has surged over 10% recently but price predictions estimate it likely won’t reach $70 in the short term, with analysts expecting it to trade between $55-$65 in December.

Solana has seen massive gains in 2023 and analysts forecast the token will continue rallying to rise 47% from current levels to reach $82.50 in the near term.