The price of Solana, it would seem, is endeavouring to make a show of bullish inclinations, the SOL price having rebounded with some vigour from the $120 support zone. Over the past month, this altcoin has managed an ascent of 8.9%, inclusive of a 6.3% rise in the week most recently elapsed. One might venture to suggest it is attempting to be impressive. 🤔
According to the pronouncements of Coinpedia Markets, Solana is presently changing hands at $140.22, with an immediate resistance looming at $142 and a more formidable barrier around $145. One wonders if it shall summon the fortitude to overcome such obstacles. 🧐
Solana Price Rebounds from April Lows
Following its descent to $95.19 on the seventh of April, SOL has been subject to a surge in purchasing fervour. By the eleventh, the token had reclaimed the $120 level, which has since performed the function of solid support. This recovery has been, as one might say, bolstered by technical signals of a positive nature.
Solana is now trading above the 100-day Simple Moving Average (SMA) at $136.85, which has been transformed into a support. A bullish trendline has also taken shape on the hourly chart, accompanied by an additional support zone in the vicinity of $137–$138.50. Such complexities! 😲
On the daily chart, the Relative Strength Index (RSI) stands at 58.89—indicative, as they say, of bullish momentum. The MACD indicator, not to be outdone, further confirms the upward trend. One almost suspects these indicators are vying for attention. 🙄
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What’s Next For SOL Price?
Despite this apparent recovery, a certain crypto analyst by the name of Ali has raised a flag regarding a short-term bearish signal, employing the TD Sequential indicator on the 12-hour chart. This indicator, it seems, has flashed a “sell” signal, hinting at the possibility of a brief pullback before the next ascent. A most intriguing development, wouldn’t you agree? 🤔
Should SOL descend below the $137 support level, a move towards $132 might ensue. However, should the bulls manage to push past the $145 resistance and maintain a position above $150, Solana may well target $155 and perhaps even $165 in the near future. The machinations of the market are ever so unpredictable! 😅
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FAQs
Will the SOL price reach $350 by the end of 2025?
According to our Solana price prediction, the altcoin might chug up to a maximum of $400 by 2025.
How high can Solana go by the end of 2030?
With a potential surge, the price of SOL could reach a maximum of $1,351 by 2030.
How much would the price of Solana be in 2040?
As per our latest SOL price analysis, the Solana could reach a maximum price of $11,698.
How much will the SOL price be in 2050?
By 2050, a single Solana price could go as high as $72,459.
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2025-04-21 13:23