{"id":24460,"date":"2023-11-10T20:12:20","date_gmt":"2023-11-10T20:12:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-price-hits-17-month-high-above-54-what-next-for-sol\/"},"modified":"2023-11-10T20:12:20","modified_gmt":"2023-11-10T20:12:20","slug":"solana-price-hits-17-month-high-above-54-what-next-for-sol","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-price-hits-17-month-high-above-54-what-next-for-sol\/","title":{"rendered":"Solana price hits 17-month high above $54: What next for SOL?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Solana price rose to $54 on Friday, its highest level since May 2022.<\/li>\n<li dir=\"ltr\">SOL has outperformed top altcoins as positive catalysts aid bulls\u2019 push, with price up 40% this past week and 138% over 30 days.<\/li>\n<li dir=\"ltr\">How far can Solana price rise? Data suggests further upside is possible.<\/li>\n<\/ul>\n<p dir=\"ltr\">Solana continued its outperformance on Friday with another huge green candle as price rose 24% to climb to highs of $54. The cryptocurrency\u2019s value has jumped more than 40% this past week and an impressive 138% over the last 30 days.<\/p>\n<p dir=\"ltr\">According to data from CoinGecko, Solana price has increased by 220% in the past year \u2013 reclaiming levels it traded at before the collapse of crypto exchange FTX.<\/p>\n<h2 dir=\"ltr\">Solana price breaks above $54<\/h2>\n<p dir=\"ltr\">Despite recent sell-off pressure, bulls have managed to push SOL price to its highest level since May 2022.<\/p>\n<p dir=\"ltr\">The breakout to this 17-month high comes after buyers regained control at the critical $30 level, with this allowing for further upside to $38. A retest and fresh impetus allowed for this week\u2019s parabolic move to $50.<\/p>\n<p dir=\"ltr\">Solana price chart. Source:<a href=\"https:\/\/www.tradingview.com\/x\/Vp94V7w0\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">According to crypto data and market intelligence platform Santiment, Solana\u2019s gains are accompanied by a major spike in crowd discussions about the coin. While funding rates have flipped higher, they are yet to enter the danger zone. Can SOL eke out more gains?<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&amp;ref_src=twsrc%5Etfw\">#Solana<\/a> has now surpassed $54 for the first time since May, 2022. Discussion rates on <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> have again spiked, indicating the mainstream crowd recognizes the asset&#8217;s decoupling from other assets. Funding rates are high, but not in a &#8216;danger zone&#8217; yet. <a href=\"https:\/\/t.co\/Tl9jlAsOx5\">https:\/\/t.co\/Tl9jlAsOx5<\/a> <a href=\"https:\/\/t.co\/sG97sCU9Br\">pic.twitter.com\/sG97sCU9Br<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1723049531451842936?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">As highlighted earlier, Ethereum, Solana and other altcoins exploded today after news that <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-move-towards-ethereum-etf-spurs-crypto-market-surge\/\">BlackRock had filed for a spot Ethereum ETF<\/a>.<\/p>\n<p dir=\"ltr\">Also playing a role in the price surge was this week\u2019s comments by Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC). Gensler noted during an interview with CNBC that plans to revive FTX could work if those looking to do so adhered to the law.<\/p>\n<p dir=\"ltr\">Gensler\u2019s comments came at a time when reports indicated that entities looking to reboot the bankrupt exchange had come down to a final shortlist of three companies. It includes Bullish, a digital assets platform founded by a former New York Exchange executive.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/solana-price-hits-17-month-high-above-54-what-next-for-sol\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Solana price rose to $54 on Friday, its highest level since May 2022. SOL has outperformed top altcoins as positive catalysts aid bulls\u2019 push, with price up 40% this past week and 138% over 30 days. How far can Solana price rise? Data [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24460"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24460"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24461"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}