When Will Solana Hit $250?
CoinPedia News
As Solana's recent performance is catching attention, the memecoin sector is also presenting gains after the presidential election hype. However, an emerging deFi project is diverting attention towards its highly bullish presale that’s raised over $7 million in a matter of weeks and is gaining momentum as Ethereum Spot ETF inflows grow higher in the coming days.
$SOL Price Surges to $201 After TVL Hit $6.8 Billion
The Solana bull run has sustained its strong performance, becoming the fourth-biggest crypto in the market. With a $96.8 billion market cap, the recovery run in the Solana blockchain has now hit the $200 psychological mark. As of today, Solana’s 24-hour trading volume has surged by 14.2% – dragging the overall trading volume to a whopping $5.64 billion.
SOL Price Analysis
Solana has pulled back to a current price of $197.67 after briefly surpassing $200 with a 24-hour high of $201.19. The bullish recovery in the Solana blockchain now accounts for four consecutive bullish candles and a price jump of 26.39%. According to the analysts, if Solana is able to continue this bullish sentiment, it might soar ahead and hit new price levels.
