Solana Price Prediction: Could This Signal a Major Bull Run?
Solana price prediction 2025 is expected to be $250
#Solana recently surged past the $150 mark, its highest point since January 2022, before experiencing a slight pullback.
On March 5th, Solana's value dropped to $110 but quickly rebounded, indicating strong buyer interest during market dips.
A long-tail rejection candle suggests that Solana's price has been sustained above the $120 support level, maintaining a bullish outlook with the formation of a cup and handle pattern.
Following a breakout from the cup and handle pattern, Solana's price is positioned to exceed $150, with potential for a 67.4% growth to reach $250.
Positive momentum suggests Solana could soon reach $160, with further potential to reach $200, indicating a notable market recovery.
On the daily chart, Sol has encountered resistance at the upper boundary of the Ascending channel pattern.
However, failure to surpass resistance at $160 could lead to a downward correction, potentially testing crucial support at $120 amid overall market pressure.
According to Coingabbar's analysis, Solana price prediction 2030 to hover around $500, while Solana price prediction 2040 forecasts $1000.
KEY LEVELS :
RESISTANCE LEVEL : $153-$160
SUPPORT LEVEL : $142-$135
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
