Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Cryptocurrency Analyst Jamie Coutts Spotlights Solana Price Target Amid SOL’s ‘Coiling Price Action’
ALTCOIN NEWS

Cryptocurrency Analyst Jamie Coutts Spotlights Solana Price Target Amid SOL’s ‘Coiling Price Action’

By Crypto FlexsOctober 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency Analyst Jamie Coutts Spotlights Solana Price Target Amid SOL’s ‘Coiling Price Action’
Share
Facebook Twitter LinkedIn Pinterest Email

Real Vision analyst Jamie Coutts says Solana (SOL) is likely ready for the next round of price increases.

Coutts, in a post on social media platform

While the price of SOL is consolidating against both USD and Bitcoin (BTC), Coutts says most on-chain metrics are also improving.

“Coiling price action over the past six months has resulted in notable increases in active addresses, total value locked (TVL), and stablecoin market capitalization. However, chain utilization metrics have generally declined, as the surge in active addresses has not resulted in a corresponding increase in economic value (fee revenue). This is probably due to the game’s notoriously unique on-chain mechanics.

Nonetheless, the chain remains a hotbed of decentralized application (dApp) development and is currently competing with Bitcoin in daily fee income.

In particular, the coiling price action on the absolute chart is also evident on the relative chart versus BTC.

Once it surges upwards, the price target for SOL’s large triangle pattern is around $210-$220, which will likely mark the first stop in the next wave of the bull market.”

Source: Jamie Coutts/X

As of this writing, SOL is trading at $165.

Real Vision CEO and macro expert Raoul Pal recently said that a clear breakout of $160 for Solana and $70,000 for Bitcoin would lay the foundation for a proper alt season.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Cardano (ADA) expects a 27% rise to re-enter the bullish pattern.

April 15, 2024

NFT Artists and Web3 Community Shine in Linea’s Culture SZN Wave 3

July 16, 2024

Sony Bank Conducts Stablecoin Test for Polygon: Report

April 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.