With the excitement of the new year, Solana, PENGU and another altcoin have experienced significant price increases. This rise raises hopes by raising price estimates for 2025. Here are the technical analyses and expert expectations for all three altcoins:
Solana Price Surpasses $200, Boosting Optimism
Solana (SOL) traded sideways below the $200 level throughout December but managed to make it support. This development has reinforced optimism in the altcoin market, strengthening the expectation that SOL could reach higher price targets.
The Net Unrealized Profit/Loss (NUPL) indicator shows that SOL investors believe in the potential for a recovery despite the price fluctuations. Many investors have held on to their positions, reducing selling pressure, which supports the current rally. The RSI indicator breaking the 50 level indicates that Solana’s market momentum is gaining strength. SOL is currently trading at $205 and has gained 8.7% in the last 24 hours. A continuation of this rise could see the price head towards $221 and then $245.
If momentum weakens or profit taking begins, SOL losing the $201 level could see the price drop to $186, which would invalidate the bullish scenario.
PENGU Token Targets $0.055 with Double-Digit Rise
PENGU, the token of the Pudgy Penguins NFT project, has gained 12% in the last 24 hours, signaling that its price could rise again to $ 0.055, showing a double-digit increase. This rise is considered to be a move in line with the general recovery trend seen in the cryptocurrency market. At the same time, the trading volume of the PENGU token increased by 86% to exceed $ 1 billion, indicating that the price increases are supported by real demand, not speculation.
The Awesome Oscillator indicator suggests that the current market momentum for PENGU is positive and that the price could rise further. The current rise of the PENGU token is based on the demand momentum created by buyers. If this demand continues, the price is expected to break through the resistance at $0.039 and rise to $0.044. Breaking this level could take the token to a new all-time high of $0.055. However, a sudden increase in selling pressure in the market could invalidate this bullish view.
2 Altcoins That Showed Double-Digit Gains with Exchange Listings
Bithumb, South Korea’s second-largest crypto exchange, announced on Jan. 2 that it will list PEAQ and Vana Network tokens. Following this announcement, the PEAQ token rose 35% to $0.715. The last 24-hour trading range ranged from $0.522 to $0.72. PEAQ’s market value was $463 million and its trading volume was $55.56 million.
VANA token increased by 10% to $17.62. VANA token’s trading range has changed between $15.41 and $17.83 in the last 24 hours. VANA’s market value is $528 million and its trading volume is $169 million. VANA stands out as a Layer 1 project that encourages data ownership and rewards contributions through DataDAO. It is expected to reach $34 by 2025 and $85 by 2030.
