Fri, February 23

Solana Price Soars High With a 24% Pump, Is a Correction Coming?

Solana (SOL) Price Consolidates After Recent Brief Price Surge Altcoin News
  • XRP legal victory ignites altcoin rally, Solana surges double-digits in just 24h.
  • Solana hit its highest point of the year, reaching $30 amid bullish news.

In a remarkable turn of events, XRP has emerged victorious in its legal battle against the SEC, igniting an altcoin rally that has taken the crypto world by storm. Among the standout performers, Solana price has surged over 23.96% within a mere 24 hours, solidifying its position as a key player in the market.

With the Ripple effect being impactful, XRP itself has skyrocketed, surging over 67%, while Cardano (ADA) has boasted a remarkable surge of 20.84%. Ethereum (ETH) has also reached new heights, surpassing the $2,000 mark. Noteworthy here is that Solana tops them all in the price surge chart.

SOL Price Chart, Source:TradingView

Solana(SOL) Price Surge, A Great Win?

Despite enduring a series of struggles, including the FTX crash last year, Solana price has now hit its highest point of the year.The surge is impressive, considering that Solana’s trading volume has surged by an astounding 360.99% within a 24-hour period.

Having remained relatively steady throughout the week, Solana experienced a minor surge yesterday, breaking the $25 barrier for the first time since April 18th.The news of XRP’s legal victory acted as a catalyst, propelling Solana’s growth further. While it initially faced resistance in reaching $22, the cryptocurrency persevered, ultimately achieving a milestone of $30.

At the time of writing, Solana is trading at $28, swaying comfortably between a low of $22.23 and a high of $30 in the past 24 hours. Meanwhile, the Solana community is jubilant, celebrating the remarkable surge.

XRP’s legal victory has created a path for the upcoming altcoin season. With Solana emerging as a clear winner, it defies expectations and continues its upward trajectory. The whole crypto community is anticipating what bullish news these major altcoins could bring in the future days.

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