Solana Weekly Forecast: How High Can SOL Rise This Week?

Juhi Mirza
Source – Zipmex

Solana has taken the crypto world by storm in this bull market by portraying its mettle in full bloom. The token has soared to new heights, breaching past critical metrics to claim a new ATH of $250. The token is currently trading at $135, but with the weekend approaching fast, how high can SOL truly trade this week?

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Solana vs. Ethereum

Source – Forkast

The two leading tokens, Solana and Ethereum, are currently having an intense faceoff in the market. Per the recent post uploaded by Solana Floor, Solana has outperformed Ethereum in 24-hour dex volume.

At the same time, crypto has also surpassed its $300 billion transaction mark, adding a new milestone to its spree of latest achievements.

Solana is currently trading at a price mark of $135, down 7% in the last 24 hours. With Bitcoin touching the $60K mark, the altcoin rush seems to have mellowed down a bit; however, the enthusiasm surrounding SOL touching a new high is still being echoed within the crypto community.

Solana (SOL) Weekly Forecast

According to CoinCodex, Solana has the potential to retrace its steps and trade at an average price level of $140. According to CoinCodex, SOL is capable of climbing to the $141 price level by July 8, peaking at 0.89% in the process. The token can reach $142 by July 10.

“The Solana price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Solana projections, SOL will be changing hands at $142.31 on July 10, 2024, gaining 0.81% in the process.”

At the same time, the token can touch the $162 price mark by the end of July 2024, as predicted by the portal.

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“According to our current Solana price prediction, the price of Solana is predicted to rise by 16.37% and reach $164.27 by August 2, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 50 (neutral). Solana recorded 15/30 (50%) green days with 8.46% price volatility over the last 30 days.”