BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Solana SOL is Up 50% Over the Last 10 Days and Here is Why

Conie by Conie
March 14, 2024
in CRYPTO
Reading Time: 2 mins read
3
SHARES
43
VIEWS
Share on XShare in TelegramShare on Reddit
  • Solana’s price surge is largely driven by increased network activity and hype around the Dogewhatif memecoin built on Solana, which raised $3 billion
  • Investors are rotating capital out of Bitcoin into altcoins like Solana, viewing it as less risky after Bitcoin’s 65% YTD gain; the SOL/BTC pair has jumped 32%
  • Technically, Solana’s price has broken out from a bull flag structure and has room to run towards $1.95-2.00 target by March-end before an overbought correction

Solana (SOL) has seen impressive gains recently, with its price surging over the past few days. This rise can be attributed to a combination of factors driving increased interest and activity around the Solana network.

Memecoin Mania Boosts Solana Network Activity

A key driver behind Solana’s price surge is the buzz generated by Dogewhatif (WIF), an associated memecoin built on the Solana blockchain. The successful crowdfunding campaign to feature Dogewhatif’s logo on the Las Vegas sphere resulted in a 25% price surge for WIF, reaching a $3 billion market cap. This campaign and resulting memecoin mania has boosted overall activity on the Solana network.

JUST IN: Solana $SOL is up 50% over the last 10 days 🚀

Are you bullish on Solana? pic.twitter.com/wkfXilh9qQ

— BlockNews.com (@blocknewsdotcom) March 14, 2024

Capital Rotation from Bitcoin

Solana’s impressive gains have significantly outpaced Bitcoin recently, indicating that investors are rotating capital out of BTC and into SOL. With Bitcoin already up 65% in 2023 and showing overbought signals, traders may be viewing alts like Solana as less risky at current prices. The SOL/BTC pair has jumped 32.45% off its recent lows.

Technical Breakout Underway

From a chart perspective, Solana‘s price is breaking out from a bull flag structure after consolidating in a range for most of 2023. This technical breakout has room to run to the $1.95-2.00 area by March’s end. The weekly RSI is now overbought over 82, so a correction may happen before hitting the next upside targets.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoincryptoMemecoinSOLSolana
Tweet1ShareShare
Conie

Conie

Conie is a Web3 enthusiast, an experienced creative writer, and a passionate gamer. With her ability to fuse innovation with imagination, she brings a distinctive perspective to each piece she writes, delving into the ever-changing territories of the digital world, storytelling, and virtual adventures.

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target
CHAINLINK

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

October 18, 2025
TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum
CRYPTO

TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

October 18, 2025
Dogecoin Starts Showing Signs of Life as Buyers Step Back In
CRYPTO

Dogecoin Starts Showing Signs of Life as Buyers Step Back In

October 18, 2025
Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October
CRYPTO

Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

October 18, 2025
Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet
CARDANO

Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

October 18, 2025
Dogecoin Tanks 21% as Whales Dump $74 Million — Despite Nasdaq Merger Buzz
CRYPTO

Dogecoin Tanks 21% as Whales Dump $74 Million — Despite Nasdaq Merger Buzz

October 18, 2025
Load More

Related News

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

Chainlink (LINK) Whales Accumulate Heavily as Analysts Predict $55 Target

October 18, 2025
TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

TRON (TRX) Hints at a Rebound as Bulls Quietly Build Momentum

October 18, 2025
Dogecoin Starts Showing Signs of Life as Buyers Step Back In

Dogecoin Starts Showing Signs of Life as Buyers Step Back In

October 18, 2025
Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

Dogecoin Price Prediction: Why PEPE and Remittix Might Explode This October

October 18, 2025
Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

Charles Hoskinson Calls Midnight Cardano’s Most Transformational Project Yet

October 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews