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What to Expect from Solana (SOL) in December 2024: Analysts Weigh In Beincrypto 01 Des 2024

What to Expect from Solana (SOL) in December 2024: Analysts Weigh In 🚀

Solana Raoul Pal Brian Quinlivan Bitcoin

In December 2024, Solana (SOL) has seen its price rise by 117% YTD, breaking previous all-time highs, while prediction for the month remains positive. Analysts discuss factors influencing future performance, including social dominance and price action.

Despite a decline in sentiment, analysts are optimistic. Solana's social dominance at 6.09% highlights significant interest. Brian Quinlivan suggests trader skepticism might set the stage for a rebound, contingent on Bitcoin staying above $96,000.

Raoul Pal and analyst Rekt Capital are bullish, with expectations of new all-time highs. The bull flag pattern indicates SOL might reach $300, but Bitcoin's stability above $94,000 is crucial.

If Bitcoin's price drops, SOL risks declining to $214.99. Overall, sentiment remains positive with potential for further gains.

Sumber: beincrypto.com ↗

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