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Solana Price Prediction: $1 Trillion Wiped from Crypto – Is SOL Going Back to $30?

21Shares is launching its Solana ETF at this time with $100M to begin, which is fairly excellent news. What’s attention-grabbing is that SOL ETFs have now seen 16 days straight of cash flowing in; yesterday alone introduced in $26.2M, and whole inflows are sitting over $867M. Clearly, establishments have an interest.

But right here’s the factor, the precise value motion tells a special story. Bitcoin is down like 27% over the previous 6 weeks, wiping out over a trillion {dollars} in market cap and principally erasing all its beneficial properties for the 12 months. Solana value? Even worse, it’s down 40% 12 months to date. And the on-chain exercise backs up the bearish interval.

Source: Solana Active Addresses / TokenTerminal

Active addresses on Solana not too long ago hit their lowest degree in virtually a 12 months, dropping to 35.9 million. Lots of that’s as a result of the memecoin craze appears to be cooling off. So now everybody’s questioning, is that this only a non permanent pause, or are we taking a look at an even bigger shift for Solana?

Solana Price Prediction: Is SOL Going Back to $30?

Source: SOLUSD / TradingView

Solana’s value is presently testing the higher boundary of its descending channel at $144. That downtrend via November was tough, but it surely may lastly be ending.

Around November 18-19, a possible double backside sample fashioned within the $130-132 vary, which is often a bullish reversal sign. After hitting that low, SOL has been transferring sideways in a decent vary round $141-146 for the previous few days, suggesting indecision available in the market.

The technicals are exhibiting some cautious optimism; the RSI is sitting at 55.61, which suggests delicate bullish momentum. If SOL can push via and break above this descending channel with conviction, we may see a run towards $150 and probably again to that $170 resistance degree.

An acceptable state of affairs can be consolidating round these ranges for extra time, permitting the bottom to strengthen. What’s not acceptable is breaking beneath $130, as a result of issues may get ugly quick. If that help fails, predictions for brand spanking new lows will get louder, and a few are even speaking a few return to $30.

SUBBD Might Be the Better Bet While Solana Struggles

With Solana chopping round and all the market caught in a section of uncertainty, plenty of merchants are shifting their consideration towards tasks that may develop no matter value motion. SUBBD is rapidly changing into a kind of standouts.

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Instead of platforms taking nearly all of income, SUBBD routes worth again to the folks creating it.
Momentum is already constructing. The mission has raised 1.34 million {dollars} up to now in its presale, and staking is sitting at a clear 20% APY.

If you’re in search of one thing with actual upside and a stronger narrative than simply value motion alone, SUBBD is positioning itself as one of many extra attention-grabbing new gamers transferring into 2025.

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