Solana Price Prediction as SOL Gains 6.65% in Third Week of November – Will the Bullish Momentum Continue?
The Solana price has recorded a 1% gain in the past 24 hours, in line with a similar return for the market as a whole today.
At $58.32, SOL has now risen by just over 6% in the past week, with the altcoin also posting an 18% gain in a fortnight and a very impressive 81% jump in the last 30 days.
This makes SOL the best-performing top-20 token across these periods, with available data suggesting that institutions and funds are becoming more interested in the token.
As such, it’s likely to continue rising over the next weeks, possibly seeing out the year with a strong bull rally.
Based on an examination of SOL’s indicators and chart, the altcoin continues to find itself in good form, with its momentum continuing.
Its 30-day average (yellow) is still rising further above its 200-day (blue), a sign that its ongoing growth spurt still isn’t likely to come to an end very soon.
Additionally, SOL’s RSI has one again climbed above 60, another indicator of good buying pressure that has space left to intensify.
Other positive signals include its trading volume, which remains at around $1 billion, way above the $150 million levels it registered in August and September.
Such volumes highlight the fact that interest in SOL continues to be strong, with a whale alert today revealing that a large trader has transferred around $25 million in SOL away from Kraken.
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