Solana, one of the leading crypto coins ruling the space at the moment, is back on track. The token is gaining considerable market momentum again after dropping to $143 last week.
The bullish onset of the market, coupled with the thriving network activity, has borne fruit for SOL, helping the token trade at $151. Per several analytical platforms, Solana may yet again deliver a stellar price rise this week, which may assist the token in ascending to new price highs.
Also Read: Solana: Here’s When SOL Can Reclaim Its All-time High of $250
Solana Weekend Price Prediction
According to CoinCodex, Solana may note a modest price surge this week, adding 0.85% valuation to its price. The token may be exchanged at $153.42 or $153.78 by May 13. Similarly, SOL could gain a shy uptick of 0.94% by May 17.
“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $154.57 on May 17, 2024, gaining 0.94% in the process.”
Solana May Forecast
The weekend price upticks for SOL can be dubbed gradual and modest; however, the month of May looks particularly lucrative for the token to gain massive market momentum. Per CoinCodex, SOL may rise by nearly 14% to trade at $174 by the end of May 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 14.51% and reach $175.35 by June 9, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Solana recorded 14/30 (47%) green days with 7.40% price volatility over the last 30 days.”
However, the token is expected to battle critical resistance at price levels of $156, $160, and $168, as predicted by the platform.
“Based on today’s classical pivot point (P1) with the value of $148.90, Solana has support levels of $144.78, $136.87, and the strongest at $132.74. Similarly, Solana resistance levels are at $ 156.81, $ 160.94, and $ 168.84.”
Also Read: Solana (SOL) Predicted to Reach $500 This Year
When Will SOL Reclaim Its All-Time High Of $260?
Solana has always been one of the central crypto coins governing the space. The token had earlier crossed past $200 in terms of its valuation, exchanging hands at $260. Per CoinCodex, the token may cross past its earlier price threshold by 2025, given that the market favors the flow and momentum to help SOL cross past critical price resistance barriers.
The platform predicts SOL to ascend and trade at $443 by 2025, gaining nearly 188% in the process.
“The SOL price prediction for 2025 is currently between $149.42 on the lower end and $443.26 on the high end. Compared to today’s price, Solana could gain 188.42% by 2025 if SOL reaches the upper price target.”
Credit: Source link
