Solana, the latest crypto to receive significant attention and market hype during this bull-season, is Solana. Its price has seen a significant spike. The price of the crypto breached $200, before dropping back down to $173 as we went to press.
SOL’s price is being driven up by a massive meme coin presale that has injected large amounts of money into the network. Solana’s price is expected to experience significant ups and downs as the Bitcoin halves approach.
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![Solana](https://watcher.guru/news/wp-content/uploads/2024/01/AdobeStock_524936362-scaled-1-1024x680.jpg)
According to CoinMarketcap Solana currently trades at $173. This is an increase of 0.43% over the past 24 hours. This token’s price has dropped by just 1.44% in the past week. SOL has gained 13% in the past month. This indicates that it could regain some lost value soon.
Crypto analytics platform CoincodexThis weekend, Solana could trade between $173 and 174 dollars. It is expected that the token will experience a few bumps in price before its momentum picks up next week.
“SOL will trade between $173.17 to $174.66 in the coming week. “If it achieves the higher target value, Solana’s price will rise by 0.86 percent and reach $174.66 on April 14, 2024.”
SOL’s gradual rise could be explained by the volatility of Bitcoin. Bitcoin has also shown signs of fluctuation and volatility in recent days. BTC briefly reached the $72K price mark this week, before falling back down to $69K.
Please Read This: Solana (SOL) Price Prediction: Mid-April 2024
Prices for April
CoinCodex forecasts that Solana will see a price increase in April. SOL will likely rise after the Bitcoin halving due to increased sentiments and user activity.
Price of SOL will rise 13.61% to $196.73 on May 11, 2024. According to our technical indicators the sentiment at the moment is neutral. The Fear & Greed Index shows 76 (extreme fear). Solana has recorded 18/30 green days (60%) with 6.91% price volatility in the past 30 days.”