Solana Price Prediction: Is SOL Headed for an All Time High?

21-03-2024 By: Lokesh Gupta
Solana Price Prediction: Is SOL Headed for an All Time High?

Solana price prediction 2025 implies a target of $350

  • #Solana price surged by 10% following the Federal Reserve's decision to maintain its plan on interest rates.

  • #Solana recently formed a base near $162, along with the 61.80% Fibonacci level, marking the start of its upward trajectory.

  • The uptrend is currently challenging the overhead resistance at the 78.60% Fibonacci level, coinciding with the psychological barrier of $200.

  • A rounding bottom pattern, coupled with a long-tail candle, signifies the current recovery trend gaining momentum in Solana's price.

  • The ongoing weekly candle exhibits a prominent long tail, indicating significant underlying demand for $SOL.

  • A potential breakout above the $200 mark could trigger a surge to $250 in the upcoming week.

  • According to Coingabbar's analysis, Solana price prediction 2030 will be approximately $700, while Solana price prediction 2040 with a possible increase to $1500.

KEY LEVELS :

RESISTANCE LEVEL : $196-$205

SUPPORT LEVEL : $182-$175

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 ri

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