Solana (SOL) Latest News: Bulls, ETFs, and Recovery; Panshibi (SHIBI) Presale Heats Up

The crypto-verse hit recovery mode lately, although it’s just the top altcoins that are reversing their losses. The SOL price is looking likely to surge

Solana (SOL) price is finally showing signs of a promising recovery after a streak of losses that began on Monday. Now, over $212 million in long positions have been opened on the SOL futures markets, showing some aggressive support from the bullish community.

Solana Price Analysis: Key Points

Solana price finally recovered from the losses it began early in the week and is now looking at a bullish close to the week.

The bullish traders are showing strong support for Solana with new long positions on the futures markets.

Solana latest news shows that the token might hit the $250 level before any further recovery.

Solana Price Hitting The $250 Level Soon?

Solana price finally recovered from the losses it began early in the week and is now looking at a bullish close to the week, thanks to the bullish traders.

After beginning the week at around $234, SOL price dropped to hit its lowest price on Wednesday at $227. bulls stepped in at this level and pushed the token back up to above $230.

Now, as Thursday begins, Solana price is trading at $232, showing gains of over 2%. It’s already past the $230 resistance level, and with the bullish support, the next target price is in view.

Solana latest news shows that the token might hit the $250 level before any further recovery. But before that, the token has to cross the $240 resistance level, which might be difficult.

Solana And Meme Coins

Solana blockchain became one of the busiest in 2024 as the ecosystem welcomed new launches starting in 2023. Opening its blockchain to meme coins, namely Dogwifhat and BONK, brought all the traffic to the network.

Throughout 2024, Solana had meme coin launches almost every other month, generating significant traction to stay relevant in the crypto market. And even when Donald Trump wanted to put his token out for trading, he went on the Solana ecosystem.

All that activity translates to relative SOL price stability that most traders can trust. Sure, the meme coins have a reputation for instability, but Solana is trading only in a certain range, thanks to their activity.

One of the meme coins will be hitting the block soon. It’s not a Solana offering, but it’s got quite the reputation already. Panshibi (SHIBI) is a meme coin that’s set to launch on Binance.

Panshibi: Cool Spot After A Chaotic Day

The crypto market is one very fast-paced ecosystem, with trading positions and token prices changing by the minute. It could leave a trader in shambles, and the Panshibi (SHIBI) ecosystem is one spot to release all that tension.

In the midst of the tranquil exploration, the Panshibi ecosystem offers a chance for passive earnings. Again, you don’t have to be actively involved. Simply stake your SHIBI coins for top-of-the-mill rewards.

Yes, SHIBI coins can be staked for the highest APY rates in the crypto market, but there’s only one way to get them. Head over to the presale today and get your scoop of SHIBI tokens alongside. Their values will soon start spiking, especially with a listing on a major exchange like Coinbase.

The Panshibi Presale

SHIBI updates show that the tokens are in presale stage 2, after stage 1, which only lasted a few days. Over 80 million Panshibi tokens sold out in less than 6 days; crypto investors are definitely not sleeping on this one.

Now, each token costs $0.003, some 50% over what they were initially worth. You can still make 8x profits from the presale, and that’s before they even list on Coinbase.

Join the Panshibi bandwagon and win exciting rewards today!

Telegram: https://t.me/panshibi

Twitter: https://x.com/panshibi

Website: https://panshibi.com