• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Solana (SOL) Set for 25% Rally, Breakout Imminent?
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Solana (SOL) Set for 25% Rally, Breakout Imminent?
Crypto News

Solana (SOL) Set for 25% Rally, Breakout Imminent?

vitalclick
Last updated: January 25, 2025 10:39 pm
4 months ago
Share
SHARE

Contents
Solana (SOL) Technical Analysis and Upcoming LevelsSolana’s DEXs Record Volume$40 Million SOL Outflow

In the recent market uncertainty, SOL, the native token of the Solana blockchain, seems to be getting stronger and is poised to make a new all-time high, as it has formed a bullish price action pattern on its four-hour time frame. While examining its current outlook, traders and investors have shown strong strength and confidence in the asset.

Solana (SOL) Technical Analysis and Upcoming Levels

According to CoinPedia’s technical analysis, SOL has formed a symmetrical triangle price action pattern and has reached a zone that suggests a potential breakout. Based on the recent price action, if SOL breaches the pattern and closes a four-hour candle above the $270 level, there is a strong possibility it could soar by 25% to reach the $330 level in the coming days.

Source: Trading View

The Relative Strength Index (RSI) at 54 indicates that SOL has the potential to breach this pattern and could soar significantly.

Solana’s DEXs Record Volume

Besides this bullish price action, the volume generated by Decentralized Exchanges (DEXs) is indicating that Solana is getting stronger day by day. Recently, an on-chain analytics firm, DeFiLlama, revealed that SOL-based DEXs recorded a significant $202.7 billion in total volume, surpassing Ethereum, which recorded only $63.21 billion in the past month.

Source: DeFillama

Looking at this, it appears that SOL-based DEXs are getting more attention than other DEX tools based on different blockchains.

$40 Million SOL Outflow

With this strong development and record adoption, long-term holders have been accumulating the token, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow revealed that exchanges have witnessed a significant outflow of SOL worth $40.60 million in the past 24 hours.

Source: Coinglass

This substantial outflow from the exchanges indicates the potential accumulation by long-term holders and could create buying pressure, leading to further upside momentum.

SOL is currently trading near $258 and has experienced a modest price decline of 0.50% in the past 24 hours. During the same period, its trading volume dropped by 32%, indicating lower participation from traders compared to the previous day.

You Might Also Like

Popular Figure Says XRP Could Skyrocket Despite SEC’s Latest Move Against Ripple

Time to Buy Solana? Expert Reveals SOL Flashing Buy Signal

Why The Crypto Market is Down Today?

Bitcoin (BTC) Price Ready for an Electrifying Rally Beyond $100k Ahead of Donald Trump’s 2nd Inauguration 

The Wind is in Bitcoin’s Favor in Cryptocurrency Investments! $407 Million Stream!

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Forget Solana and AVAX, XRP KILLER ‘Remittix’ Explodes In 2025!
Next Article Trump’s breast coins and expert opinions
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?