Solana (SOL) recently surpassed the $140 mark, reaching an almost two-year high. The popular cryptocurrency last tested this level in April 2022. SOL was one of the best-performing cryptocurrencies of 2023, and the asset seems to continue its bullish trajectory from last year.
SOL has rallied by 4.9% in the daily charts, 12.7% in the weekly charts, nearly 32% in the 14-day charts, and 45.3% over the previous month.
Also Read: Solana Forecasted To Surge 500%: SOL Mirrors ETH 2020 Rise
SOL’s latest rally is likely due to Bitcoin (BTC) briefly hitting a new all-time high. BTC’s price spike, on the other hand, is probably due to increased inflows into spot BTC ETF (Exchange Traded Fund) products.
Will Solana (SOL) hit $200 in March 2024?
Reaching $200 from current price levels would translate to a growth of about 44.3%. According to CoinCodex, Solan (SOL) could hit a maximum price of $140.04 in March 2024. Reaching $140.04 from current levels would translate to a growth of about 1.05%. However, the platform anticipates SOL to hit $158.62 in early April.
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Meanwhile, Changelly predicts Solana (SOL) to hit a maximum price of $159.56 in March, which it may attain on the 28th. Hitting $159.56 from current levels would lead to a growth of about 15.13%. Changelly does not expect SOL to breach the $200 level till at least July 2025, hitting a maximum price of $208.23 for the month.
Telegaon, on the other hand, predicts SOL to reach a maximum level of $165.16 this year, a rise of about 19.17% from current price levels. However, the platform does not clarify which month SOL could hit this price point. Moreover, Telegaon, like Changelly, anticipates SOL to breach the $200 level in 2025, reaching a maximum price of $204.68 for the year.