Solana (SOL) Projected to Reach $350 by 2026 Amid Market Optimism
Solana (https://holder.io/coins/sol/) is experiencing analyst optimism despite a recent market decline. Key details include:
- SOL declined by 2% in the last 24 hours, trading at $164.4.
- Market cap stands at $88.5 billion with 538.53 million tokens in circulation.
- Technical analysis indicates a crossover of Solana’s 200-day moving average over its 50-day moving average.
- Predictions suggest Solana could reach $350 before 2026, requiring a market cap of nearly $200 billion.
Grok's Bullish Stance
Grok, Elon Musk’s AI chatbot, expressed a bullish outlook on SOL and other cryptocurrencies, highlighting investment potential amid regulatory reforms. Notable points include:
- The global cryptocurrency market cap is approximately $3.73 trillion.
- Liquidations rose by 15% to $322 million in the past 24 hours.
- Solana faced $17 million in liquidations, primarily from long positions.
- Funding rates for Solana fell below zero for the fourth time in six days.
Market volatility persists due to sell-offs from both whales and retail investors.