Solana (SOL) has seen a significant rally over the previous month. The asset’s price fell below $80 in late January. However, SOL has reclaimed the $110 level once again. SOL’s price is up by 3.6% in the daily charts, 7.5% in the weekly charts, 17.3% in the 14-day charts, and over 22% over the previous month. Moreover, the asset has surged by over 379% since February 2023.
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SOL was one of the best-performing cryptocurrencies of 2023, rallying by nearly 1000% at one point. Moreover, the asset shows signs of continuing its bullish trajectory in 2024.
Solana (SOL) to hit $150?
SOL has seen a steady rise in addresses over the past few months. Moreover, the project’s TVL (Total Value Locked) is quickly approaching the $2 billion mark. Both developments could push SOL’s price to new highs very soon.
According to CoinCodex, Solana (SOL) may hit $127.03 on Feb. 25, 2024, a rise of over 12% from current levels. However, the platform anticipates SOL to fall below $110 by the first week of March before rallying to over $133. Hitting $133 would translate to a growth of about 17% from current levels.
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Changelly also paints a similar picture for Solana (SOL). The platform also anticipates SOL to breach the $127 level on Feb. 25, 2024. Moreover, the platform anticipates SOL to fall to $110.40 in the first week of March.
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However, Changelly does not anticipate Solana (SOL) to hit $150 anytime this year. The platform predicts SOL to hit $158.77 sometime in April next year. Hitting $150 would translate to a growth of over 30% from current levels.