Solana Price Prediction as SOL Trading Volume Soars to $2.5 Billion
Solana Price Prediction as SOL Trading Volume Soars to $2.5 Billion
Exchange

The Solana (SOL) price has jumped back up to test $150 from earlier session lows under $140 amid a surge in trading volumes, as traders await a barrage of upcoming US economic data releases later in the week.

Yahoo Finance said trading volumes on major exchanges surpassed $2.5 billion on Monday. That was the highest since last Tuesday.

The impressive price rise still leaves the Solana price lodged well within its $120-$160 range over the past month.

Wednesday’s US CPI and Retail Sales could shake things up, as traders assess the interest rate outlook.

But ahead of them, the focus is on meme coins (and meme stocks) following Roaring Kitty’s sudden return.

Solana has marked itself out in 2024 as the number one meme coin blockchain.

If Roaring Kitty’s return coupled with low gas fees can start a new meme coin season, Solana could be a key beneficiary