Solana (SOL) has undoubtedly been a high performer this yr. Whereas its huge uptick over the previous months stood out, the asset’s latest rise towards a brand new all-time excessive stole the present. Because the market encountered a slight correction, SOL noticed a setback. However the neighborhood stays optimistic in regards to the asset’s potential surge within the coming days.
Revisiting Solana’s All-Time Excessive
Solana recorded a brand new peak of $263 about 13 days in the past on November 23. The neighborhood celebrated this rise as they wished the asset to maneuver past its earlier excessive. However now, they had been aiming for the next uptick in direction of $300. Solana at present sits 10% beneath its peak and 25.57% beneath $300. It needs to be famous that SOL has elevated by 278% over the past 12 months.
In keeping with knowledge from CoinMarketCap, SOL was buying and selling at $238.91 at press time. This comes after a 2% improve all through the previous 24 hours.
Extra just lately, Jan Happel and Yann Allemann, the duo behind Glassnode, anticipate an enormous spike for Solana. In keeping with them, Solana is poised for a breakthrough, as they publish below X via their deal with, Negentropic.
One of many foremost components influencing Solana’s potential rise, in response to Happel and Allemann, is its “thriving” surroundings. They spotlight SOL’s sturdiness and point out that the present value zone provides a stable entry level, even if it has considerably retraced after reaching a brand new all-time excessive.
Mid-December Value Prediction
In the meantime, knowledge from CoinCodex reveals a potential slowdown within the Solana market throughout the coming days. The agency identified that on December 15, SOL will commerce round $236.02. This squashes the hopes of the altcoin rising to a excessive of $300 anytime quickly. It seems to be just like the SOL neighborhood must wait longer. The best value stage that the asset will commerce at within the coming week is $238.48.
