Solana (SOL) was one of the best-performing cryptocurrencies of 2023. The asset’s stellar performance seems to continue in 2024, fuelled by Bitcoin’s (BTC) recent price spike. SOL is currently up by 17% in the weekly charts, 17.5% in the 14-day charts, and more than 34% over the previous week. Moreover, SOL’s price has rallied by 511% since March 2023.
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SOL is approaching an almost two-year high of $136.67, a level last seen in April 2022. With BTC inching closer to its all-time high of $69,044, SOL may follow suit and reach a new high.
Will Solana (SOL) hit $150 next?
According to CoinCodex, SOL could hit a maximum price of $145.45 in March 2024, a rise of about 11.85% from current levels. However, CoinCodex anticipates SOL to breach the $150 mark by early April.
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Changelly predicts Solana (SOL) to reach a maximum price of $144.12 in March 2024. The platform anticipates SOL to face a correction after reaching $144.12, falling to $127.34 by Mar. 19, 2024. Changelly does not expect SOL to reach $150 till at least April 2025.
Telegaon, on the other hand, is more bullish on Solana (SOL). The platform anticipates SOL to reach a maximum price of $165.16 this year, a rise of about 27.01% from current levels.
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Additionally, SOL is down by 50% from its all-time high of $259.96, which it attained in November 2021. If BTC reclaims its 2021 peak, SOL may follow suit and hit a new all-time high. BTC and SOL had reached their respective all-time highs around the same time. Hence, we may see a similar pattern in this bull run.