SOL Price Predicted to Reach IDR 1.3 Million
The price of SOL, Solana's native crypto blockchain is predicted to reach US$90 or the equivalent of IDR 1.3 million. However, there are a number of conditions so that this scenario can be achieved.
The crypto market has been on an upward trend lately, and Solana (SOL) is no exception, with growth of over 60 percent in the past month. This rapid growth makes investors question the future price targets for this digital asset.
The latest analysis by popular crypto expert Ali Martinez, posted on December 7, 2023 on It is worth noting that SOL has exceeded this threshold, signaling continued bullish momentum.
"SOL price is nearing the top of an ascending triangle developing on the 12-hour chart. Although this continuation pattern anticipates further upside, caution is advised. A sustained close above US$68.2 would trigger a bullish breakout towards US$90. But be careful with "US$60 support! Any sign of weakness around this level could trigger a spike in SOL profit-taking to US$47," wrote Ali.
https://twitter.com/ali_charts/status/1732750392050500060
Bullish Signs of SOL Price
Solana has shown several bullish indicators in the last 24 hours. One factor that is worth noting is the significant increase in TVL, which jumped from US$600 million to US$833 million, based on data from Step Data Insights on December 8, reported by Finbold.
Additionally, SOL is also the second most traded cryptocurrency by volume on DEX, with weekly growth of 67.38 percent and trading volume exceeding US$3 billion, according to data from The DeFi Investor on December 8, 2023.
These performances, along with previous analysis indicating the potential for SOL price to reach the US$90 threshold, paint an optimistic picture for its future price trajectory.
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