Solana (SOL) Weekend Price Prediction 

Juhi Mirza
Solana Mid-May Price Prediction: Can SOL Hit $200?
Source: Solana

Solana is the latest cryptocurrency to attract significant market hype and attention this bull season. The crypto has noted a considerable price spike, with its price breaching $200 before slipping back to $173 at press time.

The price of SOL is currently being driven by an extensive meme coin presale frenzy that is injecting heavy volumes of funds into the network. With the Bitcoin halving approaching, Solana is said to undergo notable price sways and downturns before picking up its market pace.

Also Read: Solana’s Retail Surge: Will $250 Be the Next Milestone for SOL?

Solana (SOL) Weekend Price Prediction

Solana
Source – Solana

Per CoinMarketcap, Solana is currently trading at $173, up 0.43% in the last 24 hours. The token has noted a minor downswing this past week, noting a slight price dip by 1.44%. SOL is up 13% this past month, indicating its potential to reclaim some of its lost valuation soon.

Per crypto analytics platform Coincodex, Solana may trade in the $173–$174 price range this weekend. The token is anticipated to encounter a few price bumps before picking up its pace next week.

SOL is forecast to trade within a price range of $173.17 and $174.66 this week. If it reaches the higher value target, Solana will increase by 0.86% and reach $ 174.66 by April 14, 2024.”

The gradual ascension of SOL might be attributed to the price of Bitcoin, which is also showing signs of volatility and fluctuations these past few days. BTC briefly touched the price level of $72K this week before retracing its step back to trade at $69K.

Also Read: Solana (SOL) Price Prediction: Mid-April 2024

Price Prospects for April

CoinCodex predicts a positive price ascent for Solana in April. SOL is expected to rise post-Bitcoin halving, capitalizing on increased user sentiment and activity.

“ The price of SOL is predicted to rise by 13.61% and reach $196.73 by May 11, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 76 (extreme greed). Solana recorded 18/30 (60%) green days with 6.19% price volatility over the last 30 days.”