Solana Price Prediction For May: How Close Is SOL To $300?

Juhi Mirza
Source – CoinCentral

Solana has projected a stellar price run this bull season. The token breached a new price milestone of $200 in March before slipping back to trade at $151. With Bitcoin Halving done and over, the price of SOL is expected to surge further, helping Solana and the rest of the altcoin market stabilize their price thresholds.

Also Read: How High Will Solana SOL Peak Post-Bitcoin Halving?

Solana: How High Can Solana Rise in May?

Source – ByteTree

With the Bitcoin Halving event now over, the price of SOL is expected to surge and note a significant uptick. According to CoinCodex, a leading crypto analytics platform, the month of May can be dubbed a significant period for SOL as its price may peak to breach $169.

“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.75% and reach $169.27 by May 22, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 73 (greed). Solana recorded 17/30 (57%) green days with 11.80% price volatility over the last 30 days.”

Similarly, another crypto analytics platform, Changelly, predicts that SOL will reach $168 by the end of May 2024.

“Cryptocurrency experts are ready to announce their forecast for the SOL price in May 2024. The minimum trading cost might be $141.34, while the maximum might reach $168.63 during this month. On average, it is expected that the value of Solana might be around $154.99.”

By the end of 2024, Solana may end up catapulting to gain considerable price momentum. Per Solanafloor, SOL is constantly working on expanding its ecosystem. The network has recorded the highest daily active addresses in the last two months.

According to CoinCodex, if SOL continues to follow its current progressive pace, it could soon breach a new milestone of $358 by the end of 2024.

Also Read: Cryptocurrency: 3 Coins To Buy Now As Bitcoin Reclaims $65,000

“Solana is forecast to trade within a range of $145.50 and $358.90. If it reaches the upper price target, SOL could increase by 137.29% and reach $358.90.”