Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

93% of Bitcoin Holders in Profit as BTC Market Cap Exceeds $2 Trillion

July 8, 2025

Jito, Kamino, and Cloud Drive Solana to $17.5 Billion TVL

July 8, 2025

US government sends test ETH deposit to Coinbase Prime, then moves another $200K

July 8, 2025

XRP ETFs Might Be Stuck in Regulatory Limbo, Report Says

July 8, 2025

Cloudflare’s bot paywall could ignite a tokenized content gold rush

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

    July 8, 2025

    Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

    July 7, 2025

    Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

    July 7, 2025

    Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

    July 7, 2025

    Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Crypto News » Extremely Bullish Solana (SOL) Price Prediction for the Short Term
Crypto News

Extremely Bullish Solana (SOL) Price Prediction for the Short Term

Crypto Observer StaffBy Crypto Observer StaffDecember 9, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Amidst the recent upswing in the broader cryptocurrency market, Solana (SOL) has mirrored the trend, with growth exceeding 60% in the past month.

Investors seeking insights into the next potential price target for this digital asset may find information in a post on X by cryptocurrency analyst Ali Martinez on December 7.

#Solana is approaching the apex of an ascending triangle that developed on its 12-hour chart. While this continuation pattern anticipates further gains for #SOL, caution is advised. ⚠️

A sustained close above $68.2 will trigger a bullish breakout toward $90. But watch out for… pic.twitter.com/0b4DAAVmeA

— Ali (@ali_charts) December 7, 2023

The post underscores the significance of Solana closing above $68.2 and maintaining support at $60 as crucial factors propelling it toward the $90 threshold. As of the latest developments, Solana has not only surpassed this threshold but also closed above the predicted range, indicating a sustained bullish momentum in the near term.

In the past 24 hours, Solana has exhibited bullish indicators, including a notable increase in its total value locked from $600 million to $833 million, as reported by Step Data Insights on December 9.

Solana’s Rally to Continue?

Solana’s native token, SOL, has experienced significant attention due to its rapid price increase, breaking above $70 and currently standing at around $77 apiece, which is more than a 500% increase since January 1.

SOL’s recent surge has turned it into one of the biggest performers of the altcoin market alongside Cardano and Avalanche, which have seen weekly surges of over 40% each.

Additionally, Solana has witnessed an increase in Total Value Locked (TVL) to approximately $670 million as of December 5, according to DefiLlama data. But this number remains considerably lower than the levels observed in the last quarter of 2021 — when SOL’s price peaked at over $250, and the TVL exceeded $10 billion.

Not only traders are bullish on Solana’s price performance and its future. Investment firm VanEck anticipates Solana’s entry into the cryptocurrency spot ETF competition by 2024, according to analysts Matthew Sigel and Patrick Bush in a newly published report.



Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

July 8, 2025

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

July 7, 2025

Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

July 7, 2025

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

93% of Bitcoin Holders in Profit as BTC Market Cap Exceeds $2 Trillion

July 8, 2025

Jito, Kamino, and Cloud Drive Solana to $17.5 Billion TVL

July 8, 2025

US government sends test ETH deposit to Coinbase Prime, then moves another $200K

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

July 7, 2025

Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

July 7, 2025

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.