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3 Reasons Why Solana Might Hit $200 Solana (SOL) is experiencing a comeback in the crypto market after recovering from recent volatility, caused by a market crash that led to Bitcoin dropping to a support level of $60,000. In this context, Solana has shown resilience with its present value growing by approximately 18% in the past month. The recent Bitcoin halving event, which took place a few days ago, notably adds more interest to Solana’s resilience. Its potential for growth is becoming more evident as the cryptocurrency industry experiences ongoing changes. This article explores three strong reasons pushing Solana towards the desired $200 price point, examining market trends, advancements in technology, and outside influences that are propelling its rise. Solana (SOL) is showing resilience and positive momentum in the cryptocurrency market, with its price at $157.81, a 2.07% increase in the last 24 hours. According to CoinMarketCap, the token holds the fifth position by market cap at $70.6 billion with a trading volume of $2.6 billion. There are 447 billion SOL in circulation, indicating strong distribution. Despite fluctuations, Solana remains a leading blockchain platform attracting developers and investors, contributing to blockchain technology adoption According to Congilass, Solana has experienced short-term liquidations of 2.47million in the past 24 hours. The total liquidations were $5.29 million, out of which $2.81 million were long positions. The closure of short positions indicates that traders who predicted Solana’s price would drop suffered losses and had to close their positions. This scenario may happen due to a substantial increase in Solana’s price, causing short sellers to receive margin calls or activate stop-loss orders. Closing short positions eliminates downward pressure in the market, potentially enabling Solana’s price to increase more easily without encountering significant obstacles. $200 reaching is not big deal. #SOLANA #CRYPTO

As per CMC and CoinGeco #SHIB is most searched Coin after #BTC

Solana Skyrockets Past $150: Bullish Momentum Sparks Investor Optimism Solana breaks the $150 resistance, marking a significant market milestone with a 2% surge in 24 hours. SOL’s market capitalization reaches $68 billion, driven by a 606% surge over the past year. Concerns arise over meme coin ventures on Solana as a dozen projects shut down within a month, resulting in a $26.7 million loss for investors. Solana (SOL) has recently experienced a notable surge, surpassing the $150 resistance level, marking a significant milestone in its market performance. With a price of $153, SOL has demonstrated a positive trend, climbing by over 2% within the last 24 hours. The cryptocurrency’s market capitalization now stands at $68 billion, indicating a growth of 2.60%. This upward trajectory is accompanied by a substantial increase in trading volume, which has risen to $2.83 billion over the previous day, reflecting growing investor interest and confidence in Solana’s potential. Over the past week, SOL has seen a 4% increase and an impressive 606% surge over the past year, illustrating a strong upward trend. Despite some fluctuations between $130 and $157, SOL’s overall growth pattern remains predominant. Analysts predict that if SOL continues its current momentum and breaches the $180 resistance level, it could signal a bullish revival, potentially propelling the digital currency toward the $190 mark and laying the groundwork for a climb to $200 in the near future. However, a reversal in trend could see SOL retract to the $150 support level, with further downward pressure potentially pushing it to $130, indicating a bearish market phase. Now $SOL trading today on $156 old resistance it will break probably by End July 2024 #Crypto #SOL #Anilsingta

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