- Solana happy support on 200 days EMA.
- VANECK gave its bold predictions at the Sol price in the growing SCP market.
VANECK investment company believes that the price of Solana will hit the $ 520 brand before the end of 2025. The reason behind this is the growing market for smart contract platforms (SCP) and the rise in M2 Money Supply.
VANECK expectations that M2 Money Supply will rise to $ 22.3 trillion in 2025 from 21.5 trillion dollars. M2 is similar to the tool that measures money trading in the United States.
When the central bank advances M2 money Low interest rates, more money comes in trading. This process adds more liquidity in the economy, which increases investment in the most dangerous assets such as encryption.
Moreover, VNECK Solana growth in the Smart Contracting Platform Market (SCP). Sol may grow 43 % to $ 1.1 trillion in 2025. At the time of the press, Solana owns 15 % in the SCP market that can grow by 22 % by the end of 2025.
Besides all these expectations, if the Solana Exchang box agrees, it may give a boost to the Sol price.
Will Solana be divided under the 200 EMA curve?
At the time of the press, Sol PRICE is traded at $ 192.99 with growth during the day by 1.74 %. Its market value is 93.96 billion dollars with 24 -hour trading volume.
daily Technical chartSol PRICE hovers less than a 50 -day Si -moving average. Moreover, the support in 200 days takes EMA level. If the Sol price decreases to less than 200 EMA, he may see the negative side levels in the coming days.
The price of Solana has $ 175.53 support and a resistance of $ 215.80. The RSI index is traded in the Hibudi area, where the RSI curve hovers at 38.82, indicating a declining mark.
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