Solana’s latest bull run has been dubbed a pleasant development in the cryptocurrency world. SOL’s price has lately been hovering in the $190–$200 range after briefly breaching the ambitious price pedestal of $210.
Solana’s “meteoric” price ascent has led the analysts on X to speculate about its future price trajectory. Several analysts gave their predictions, anticipating SOL’s current momentum to help the token breach the $270 price threshold.
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Solana Price Prediction for April: Can SOL Break Past $250?
SOL has been taking the cryptocurrency world by storm lately. Its recent price ascent trajectories have surpassed traders’ expectations. Investors have now started to bet on how SOL can contest major crypto tokens in a market standoff.
SOL’s recent rising metrics have been quite noteworthy. SOL has recently flipped all the leading chains in weekly stablecoin transfer volume.
Per CoinMarketcap, SOL has been up by a whopping 86% in the past month, showing its potential to hit critical milestones soon.
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Solana April Price Prediction
Per CoinCodex, SOL is poised to cross $200 by the first week of April. The platform predicts Solana may encounter brief resistance at $202 before breaking into a bull trend.
“Based on today’s classical pivot point (P1) with the value of $ 180.41, Solana has support levels of $ 174.97, $ 166.73, and the strongest at $ 161.30. Similarly, Solana resistance levels are at $ 188.65, $ 194.08, and $ 202.32.”
CoinCodex later predicted new price levels for SOL. The platform has predicted SOL to cross a critical conjuncture of $202 and break past $250 by the second week of April 2024.
“Based on our technical indicators, Solana’s 200-day SMA will rise in the next month and will hit $128.50 by April 24, 2024. Solana’s short-term 50-day SMA is estimated to hit $288.95 by April 24, 2024.”
If SOL continues to follow the current market momentum, the token may soon breach $300 by the end of April 2024.
“The Solana price prediction for next week is between $265.38 on the lower end and $307.50 on the high end. The price of Solana may increase by 15.87% and reach $307.50 by April 7, 2024, if it reaches the upper price target.”