SOL Presses for 250% Pump- Is the Hype Real?

Traders question if the 250% hype is real. Meanwhile, 250 or not, Solana remains a dominant force in the industry. What about its future price movements?  

Solana is playing safe. There are no hints of a major price update soon. However, a relatively new coin, JetBolt is making the mark. Most importantly, this coin has eliminated gas fees. JeBolt’s accessibility in the market is also high as the traders can use AI to interpret stocks.  

JetBolt has already sold 330 tokens. But that is not the only thing that the market is excited about.  

The AI-driven surge in JetBolt’s value is prompting Solana buyers as well. There are chances that JBOLT’s growth will pump SOL by 250% shortly.  

Does the Market buy into the projection? 

Solana users are optimistic about the coin’s growth. Recently there has been abundant whale activity around the coin. In January, a major buyer bagged $18.5 million worth of Solana. In quick succession, another investor bought 30,900 tokens against $6.27 million.  

These whale moves suggest that the market sees a sure potential in the coin of late.  

Price projections 

Solana is trading at $178.26 today, marking a price growth of 2.37% in the last 24 hours. The market was already anticipating a major breakout. This price surge airs the same. Most analysts say that the improved institutional interest around Solana is the reason for its bullish peaking.  

So, A Price Rally?  

The price surge is an exciting event after all. However, it is not the same as a price rally. The 7-day chart shows that the coin has dipped 14.8%. The long-term investors see this as a red flag. According to them, a 7-day drop means that the price may sharply fall in the long run.  

Technical Analysis  

The technical analysis does not suggest any reasonable outcome. The RSI index suggests that the market is still bearish. Any growth now may be temporary. Until Solana crosses the resistance band of $173, it is difficult to be certain about the growth of the token.  

The bottom line- a lot of users are not buying into the idea of a 250% sharp rise now. It might be a long-drawn idea. However, investors can benefit from the short-term price hikes.  

Traders’ takeaways  

Solana is a more stable coin now. The amount of whale activity around the coin is also on the rise. However, that is not a sustainable thing for now. The bunch of volatilities, like Trump’s final stance with the SEC, the market regulations around crypto, and others are keeping traders in doubt about the future of the coin!