{"id":596767,"date":"2024-03-07T23:00:07","date_gmt":"2024-03-07T23:00:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=596767"},"modified":"2024-03-07T14:59:34","modified_gmt":"2024-03-07T14:59:34","slug":"solana-sol-hits-144-analysts-feel-optimistic-is-a-new-ath-imminent","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/solana-sol-hits-144-analysts-feel-optimistic-is-a-new-ath-imminent\/","title":{"rendered":"Solana (SOL) Hits $144: Analysts Feel Optimistic, Is A New ATH Imminent?"},"content":{"rendered":"<p style=\"font-weight: 400\">Solana (SOL) has been experiencing some <a href=\"https:\/\/uniquehot.com\/news\/solana\/solana-open-interest-plunges-20-what-price\/\" target=\"_blank\" rel=\"noopener \">volatility<\/a> this week, but analysts seem optimistic about an \u2018imminent markup\u2019 around the corner. In the past 24 hours, Solana (SOL) has registered a 10.6% increase after breaking through the $140 barrier again.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana-meme-coin-dogwifhat-wif-hits-new-ath-market-cap-breaks-1-6-billion\/\" target=\"_blank\" rel=\"noopener \">Solana Meme Coin Dogwifhat (WIF) Hits New ATH, Market Cap Breaks $1.6 Billion<\/a><\/div>\n<h2 style=\"font-weight: 400\">Solana Rises Above $140<\/h2>\n<p style=\"font-weight: 400\">January of 2022 marks the last time Solana\u2019s native token traded above the $140 price range. On Thursday, the fifth-largest cryptocurrency by market capitalization hit a new high and followed the uptrend the crypto market is experiencing.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <a href=\"https:\/\/twitter.com\/hashtag\/SOLANA?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SOLANA<\/a> BROKE $140 \ud83d\ude80<a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SOL<\/a> <a href=\"https:\/\/t.co\/KbHkiwm8uf\" rel=\"nofollow\">pic.twitter.com\/KbHkiwm8uf<\/a><\/p>\n<p>&mdash; \ud83d\udc51BitcoinExpert.sol\ud83d\udc51 (@PeterAnagno) <a href=\"https:\/\/twitter.com\/PeterAnagno\/status\/70796566?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">On March 5, SOL\u2019s price spiked 7.5% after going from $132 to $142. However, the excitement about the cryptocurrency surpassing $140 was short-lived.<\/p>\n<p style=\"font-weight: 400\">The price started what looked like a freefall descent that shredded 16% of the token\u2019s price, stopping at the $119 price range. Throughout Wednesday, SOL\u2019s price continued to move in both directions while trying to stabilize above the $128 support level. The token <a href=\"https:\/\/uniquehot.com\/news\/solana-defi-landscape-thrives-with-record-11-billion-trading-volume\/\" target=\"_blank\" rel=\"noopener \">finished<\/a> the day hovering between the $130-$132 price range.<\/p>\n<p style=\"font-weight: 400\">On Thursday, Solana picked up some momentum and tested the $141 level before facing a pullback to the $135 support zone. Later, SOL broke through the $140 barrier again as the price skyrocketed to $144, increasing 6.6% in just two hours.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-596770 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/SOLUSDT_2024-03-07_07-33-25.png?w=860&#038;resize=860%2C435\" alt=\"Sol, Solana, SOLUSDT\" width=\"860\" height=\"435\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/SOLUSDT_2024-03-07_07-33-25.png?w=1023 1023w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/SOLUSDT_2024-03-07_07-33-25.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/SOLUSDT_2024-03-07_07-33-25.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/SOLUSDT_2024-03-07_07-33-25.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/SOLUSDT_2024-03-07_07-33-25.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"font-weight: 400;text-align: center\">SOL\u2019s price performance in the hourly chart. Source: SOLUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/uBwVJMWc\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p style=\"font-weight: 400\">For the past hour, SOL\u2019s price has hovered between the $140-$142 price range, briefly falling below the $140 support zone. At writing time, the cryptocurrency trades at $142.10, accounting for an increase of 10.6% in the last 24 hours and 9.5% in 7 days. In the 30-day time frame, Solana has seen a stellar price surge of 50.8%.<\/p>\n<p style=\"font-weight: 400\">However, SOL seems to be experiencing a slow market activity. According to CoinMarketCap data, the daily trading volume has decreased by 37.7% in the past 24 hours to $6.4 billion.<\/p>\n<h3 style=\"font-weight: 400\">Is A New ATH Imminent For SOL?<\/h3>\n<p style=\"font-weight: 400\">Pseudonym crypto trader and analyst Bluntz previously <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/85153571\" target=\"_blank\" rel=\"noopener nofollow\">forecasted<\/a> Solana\u2019s next leg up to be around the corner, saying that \u201cthe revenge pump is close.\u201d Today, the trader reaffirmed that stance on an X (formerly Twitter) post.<\/p>\n<p style=\"font-weight: 400\">Right before the price hit $140, the analyst posted two charts displaying SOL\u2019s pair with BTC and USDT. The trader highlighted the patterns he previously used to make a prediction in February.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">feels like a <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SOL<\/a> markup is imminent. <a href=\"https:\/\/t.co\/suhs2SZroC\" rel=\"nofollow\">https:\/\/t.co\/suhs2SZroC<\/a> <a href=\"https:\/\/t.co\/RJSlovIzhr\" rel=\"nofollow\">pic.twitter.com\/RJSlovIzhr<\/a><\/p>\n<p>&mdash; Bluntz (@Bluntz_Capital) <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/38140017?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">Based on the \u201cnice simple ABC zigzag\u201d with its BTC pair and the \u201cnice sideways accumulation wave 4\u201d with its USDT pair, the analyst considers that an SOL markup is \u201cimminent.\u201d<\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-recovers-from-dip-eth-hits-3900-for-the-first-time-in-two-years\/\" target=\"_blank\" rel=\"noopener \">Ethereum Recovers From Dip: ETH Hits $3,900 For The First Time In Two Years<\/a><\/p>\n<p style=\"font-weight: 400\">Moreover, crypto trader Ansem <a href=\"https:\/\/twitter.com\/blknoiz06\/status\/09415792\" target=\"_blank\" rel=\"noopener nofollow\">suggested<\/a> that Solana\u2019s new all-time high might be closer than expected. In an X post, the trader shared a chart exhibiting the price performance of the cryptocurrency.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-596773 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=860&#038;resize=860%2C436\" alt=\"SOL price, SOL \" width=\"860\" height=\"436\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=3286 3286w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/GIDDKxfXQAAnGbX.jpeg?w=3000 3000w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">Solana's performance in the all-time chart. Source: <span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">@blknoiz06 on X.com<\/span><\/pre>\n<p style=\"font-weight: 400\">The chart above shows that SOL\u2019s price of $138 was first achieved in early September 2021. Approximately 60 days later, Solana reached its all-time high of $260. If history repeats itself, according to the trader&#8217;s post, we could see \u201cSolana&#8217;s new all-time high in less than 60 days.\u201d<\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) has been experiencing some volatility this week, but analysts seem optimistic about an \u2018imminent markup\u2019 around the corner. In the past 24 hours, Solana (SOL) has registered a 10.6% increase after breaking through the $140 barrier again. Related Reading: Solana Meme Coin Dogwifhat (WIF) Hits New ATH, Market Cap Breaks $1.6 Billion Solana Rises Above $140 January of 2022 marks the last time Solana\u2019s native token traded above the $140 price range. On Thursday, the fifth-largest cryptocurrency by market capitalization hit a new high and followed the uptrend the crypto market is experiencing. JUST IN: #SOLANA BROKE $140 \ud83d\ude80#SOL $SOL pic.twitter.com\/KbHkiwm8uf &mdash; \ud83d\udc51BitcoinExpert.sol\ud83d\udc51 (@PeterAnagno) March 7, 2024 On March 5, SOL\u2019s price spiked 7.5% after going from $132 to $142. However, the excitement about the cryptocurrency surpassing $140 was short-lived. The price started what looked like a freefall descent that shredded 16% of the token\u2019s price, stopping at the $119 price range. Throughout Wednesday, SOL\u2019s price continued to move in both directions while trying to stabilize above the $128 support level. The token finished the day hovering between the $130-$132 price range. On Thursday, Solana picked up some momentum and tested the $141 level before facing a pullback to the $135 support zone. Later, SOL broke through the $140 barrier again as the price skyrocketed to $144, increasing 6.6% in just two hours. SOL\u2019s price performance in the hourly chart. Source: SOLUSDT on TradingView.com For the past hour, SOL\u2019s price has hovered between the $140-$142 price range, briefly falling below the $140 support zone. At writing time, the cryptocurrency trades at $142.10, accounting for an increase of 10.6% in the last 24 hours and 9.5% in 7 days. In the 30-day time frame, Solana has seen a stellar price surge of 50.8%. However, SOL seems to be experiencing a slow market activity. According to CoinMarketCap data, the daily trading volume has decreased by 37.7% in the past 24 hours to $6.4 billion. Is A New ATH Imminent For SOL? Pseudonym crypto trader and analyst Bluntz previously forecasted Solana\u2019s next leg up to be around the corner, saying that \u201cthe revenge pump is close.\u201d Today, the trader reaffirmed that stance on an X (formerly Twitter) post. Right before the price hit $140, the analyst posted two charts displaying SOL\u2019s pair with BTC and USDT. The trader highlighted the patterns he previously used to make a prediction in February. feels like a $SOL markup is imminent. https:\/\/t.co\/suhs2SZroC pic.twitter.com\/RJSlovIzhr &mdash; Bluntz (@Bluntz_Capital) March 7, 2024 Based on the \u201cnice simple ABC zigzag\u201d with its BTC pair and the \u201cnice sideways accumulation wave 4\u201d with its USDT pair, the analyst considers that an SOL markup is \u201cimminent.\u201d Related Reading: Ethereum Recovers From Dip: ETH Hits $3,900 For The First Time In Two Years Moreover, crypto trader Ansem suggested that Solana\u2019s new all-time high might be closer than expected. In an X post, the trader shared a chart exhibiting the price performance of the cryptocurrency. Solana&#8217;s performance in the all-time chart. Source: @blknoiz06 on X.com The chart above shows that SOL\u2019s price of $138 was first achieved in early September 2021. Approximately 60 days later, Solana reached its all-time high of $260. If history repeats itself, according to the trader&#8217;s post, we could see \u201cSolana&#8217;s new all-time high in less than 60 days.\u201d Featured image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":596776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[12837,83626,91344,89753,89318,83627],"class_list":["post-596767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-solana","tag-solana-price-forecast","tag-solana-price-prediction","tag-solbtc","tag-solusdt"],"acf":[],"yoast_head":"\n<title>Solana (SOL) Hits $144, Is A New ATH Imminent?<\/title>\n<meta name=\"description\" content=\"Solana (SOL) seems to be recovering from the recent volatility as it reached $144. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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