Solana Price: How High Can SOL Rise This Weekend?

Juhi Mirza
Source – CoinLoan

Solana SOL has lately adopted a spectacular price pace. The token has been trading at $170 and has been consistently rising in efforts to mark a new price threshold soon. The token had earlier touched the $200 price mark in March, but the token could not hold the position for long and plummeted back to trade in the $140-$150 price range.

However, the past few weeks have favored Solana’s current price momentum, helping the token regain its lost valuation and steadiness.

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Solana Weekend Price Forecast

Source – Zipmex

As compared to other altcoins, Solana is currently trending and working its way towards the top. With Bitcoin rallying to $68k, the altcoin season is heading for a steady price rise, with Solana topping the chart due to its exponential ecosystem growth and progression.

The token has gained the maximum traction this season due to the plethora of on-chain activity that was spurred by the presale projects launched on SOL this year. Such projects were dubbed a boon for the ecosystem, injecting it with the influx of funds that eventually helped Solana establish credible price thresholds this season.

Per CoinCodex, Solana will continue its upward ascent, climbing to new highs this weekend. CC predicts that Solana will ultimately trade around $169 by June 2. The gradual to and fro will continue till June 5, after which SOL can encounter steadiness in its price momentum.

“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends.SOL will be changing hands at $170.64 on June 5, 2024, gaining 0.89% in the process.”

Solana June Forecast

The month of June looks particularly favorable for Solana, as the token may establish a new price of ATH per CoinCodex. The platform predicts the token will gain a massive 15% by June 29, helping SOL trade at the $191 price level.

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“The price of Solana may rise by 15.03% and reach $194.56 by June 28, 2024. Per our technical indicators, the current sentiment is bullish. While the Fear & Greed Index is showing 72 (greed). Solana recorded 14/30 (47%) green days with 9.77% price volatility over the last 30 days.”