Solana SOL has broken several records this bull season. The token has surpassed all expectations to climb significant price thresholds, including briefly touching the coveted $200 mark.
Encountering modest downswings in its wake, SOL has consistently shown its potential. The token is down 0.98% by press time, trading at $194 after touching a milestone of $204 in the last 24 hours.
Solana’s recent price performance has compelled the cryptocurrency space to forecast new price thresholds for Solana. SOL’s March price patterns portrayed its exceptional performance. Let’s see what analytical platforms have in store for SOL’s future in April 2024.
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Solana’s Potential in April 2024
April seems to be a crucial month for Solana to recover its pace. Per CoinCodex, a notable crypto analytics platform, Solana is poised to encounter a 230% surge in April 2024, which can catapult its price to new highs.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 228.16% and reach $653.84 by April 30, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 75 (greed). Solana recorded 20/30 (67%) green days with 14.48% price volatility over the last 30 days.”
Similarly, experts at Changelly expect Solana to hit $400 by the end of April.
“The minimum trading cost might be $206.96, while the maximum might reach $664.81 during this month. On average, it is expected that the value of Solana might be around $435.89.”
Such positive projections have been a result of Solana’s robust price ascent in February and March. The month of March seemed particularly favorable for Solana, as it helped the token breach the $200 mark for the first time.
The token recently crossed the $202 threshold but went for a sharp decline later, retracting back to trade at $194 at press time.
Solana Price Prediction 2024
With minor drops and sways, Solana is currently one of the leading crypto coins in the space. The token is continuously gaining strength and is showing signs of remarkable price progress soon.
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For the year 2024, CoinCodex predicts SOL to document a staggering surge of 377%.
“Solana is forecast to trade within a range of $199.24 and $941.83. If it reaches the upper price target, SOL could increase by 377.56% and reach $941.83.”
However, crypto market volatility is real and may hamper a token’s progress. A user’s discretion becomes imperative while navigating the complex domain.