Bitcoin started December above $38,400 and it is predicted that altcoins like Solana could reach new highs with the rapid increases experienced in recent months. Especially for Solana, expectations of positive divergence and important developments such as interest rate cuts in the coming year are expected.
Solana’s market entries have exceeded $360 million, and expectations for price increases are strengthening with the slight recovery in SOL Coin price. The announcement of the expected spot Bitcoin ETF approval in January also increases hopes.
The SOL Coin price is currently trading above $60 and has seen significant gains since the $8 low in November. Investors’ hopes of reaching $260 are rekindled, and despite the recent small fluctuations in Solana, it is observed that it has not deviated from the $100 mark.
For three-digit prices to be seen, bulls need to strengthen the $62 support level and make a breakthrough above $70. In addition, although the activation of the EURO trading pair for SOL and XRP Coin has not yet had a significant impact, the total locked value in Solana has reached approximately the same level as a year ago.
Currently, the total locked value is $674 million, and surpassing the $1 billion mark will strengthen the bulls’ belief in a real comeback. A TVL above $1.2 billion could justify the positions of investors aiming for prices above $256.