Solana (SOL) Price Prediction: Mid-April 2024

Paigambar Mohan Raj
Source – CoinGape

Solana (SOL) has faced a significant price correction over the last few weeks. The asset is down by 1.7% in the daily charts, 9.4% in the weekly charts, and 8.6% in the 14-day charts. However, the asset is still up 22.5% over the previous month and 753.5% since April 2023. SOL was among the best-performing cryptocurrencies of 2023 and has maintained most of its gains from last year.

Source: CoinGecko

Also Read: Solana Sets Mid-April Network Update as SOL Faces 17% Drop

With Bitcoin’s (BTC) halving just around the corner, we may witness some price action over the next few weeks. If BTC reclaims its all-time high following the halving event, SOL may also witness a surge in prices.

Solana (SOL) mid-April price prediction

Source – Wealth Mastery

According to CoinCodex, SOL’s price may consolidate at current levels. The platform anticipates SOL to continue trading at around $173 till mid-April. However, CoinCodex predicts SOL to breach the $200 mark by early May, reaching $200.24 on May 5, 2024. Hitting $200.24 from current levels would translate to a growth of about 15.69%.

Also Read: Solana’s 75% Transaction Failure Rate: SOL Price Under Weekend Pressure?

Source: CoinCodex

Changelly, on the other hand, paints a bearish picture for Solana (SOL) for mid-April. The platform predicts SOL to drop to $156.44 by Apr. 16, 2024. Falling to $156.44 from current levels translates to a drop of about 9.62%. Furthermore, Changelly anticipates SOL to trade at $162.66 on May 5, 2024.

Also Read: Solana (SOL) Predicted to Hit All-Time High of $259: Here’s When

Telegaon is bullish on Solana (SOL) for 2024, predicting the asset to surpass its 2021 peak of $259.96. The platform anticipates SOL to hit a maximum price of $305.16 in 2024. However, Telegaon does not clarify the month when SOL could reach this target. Hitting $305.16 form current levels would translate to a growth of about 76.3%.