Price Analysis
  • Vignesh S G
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    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

    • 2 minutes read

    Solana Price Prediction Today: SOL Eyes $145, But Expert Warns of Pullback

    • currency-symbol SOL $ 138.01 (0.30%) top gainer
    Story Highlights
    • Solana's price is currently bullish, rebounding from $120 support and trading around $140.

    • Technical indicators suggest continued upward momentum for SOL, despite a short-term bearish signal.

    • Key price levels to watch are $137 support and $145 resistance, which will determine Solana's next move.

    Solana (SOL) is showing fresh signs of strength after bouncing back from the $120 support level. Over the past month, the altcoin has gained 8.9%, including a 6.3% rise in the last seven days, suggesting growing bullish momentum.

    According to Coinpedia Markets, Solana is currently trading at $140.22. The nearest resistance is at $142, with a stronger barrier expected around $145.

    Solana Price Rebounds from April Lows

    SOL dropped to $95.19 on April 7, but the decline was quickly met with strong buying interest. By April 11, the token had recovered above $120, which has since turned into a key support zone. The price rebound has been supported by encouraging technical indicators.

    Solana Price Analysis

    Solana is now trading above the 100-day Simple Moving Average (SMA), currently at $136.85. This level has flipped into support, strengthening the bullish case. A rising trendline on the hourly chart also suggests ongoing upward pressure, with additional support seen between $137 and $138.50.

    Technical Indicators Support the Uptrend

    On the daily chart, the Relative Strength Index (RSI) is at 58.89, indicating a gradual build-up in buying strength. The MACD is also trending higher, further confirming the positive outlook.

    What’s Next For SOL Price?

    Source : Ali X Post

    Despite the strong recovery, crypto analyst Ali has flagged a short-term bearish signal using the TD Sequential indicator on the 12-hour chart. The indicator has flashed a โ€œsellโ€ signal, suggesting the possibility of a brief pullback before the next leg higher.

    If Solana falls below the $137 support level, it could test the $132 range. However, if buyers manage to break through the $145 resistance and hold above $150, SOL could target $155 next, and potentially $165 in the near term.

    SOLโ€™s bounce from $120 might just be the reset bulls needed to aim higher in the days ahead.

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    FAQs

    Will the SOL price reach $350 by the end of 2025?

    According to our Solana price prediction, the altcoin might chug up to a maximum of $400 by 2025.

    How high can Solana go by the end of 2030?

    With a potential surge, the price of SOL could reach a maximum of $1,351 by 2030.

    How much would the price of Solana be in 2040?

    As per our latest SOL price analysis, the Solana could reach a maximum price of $11,698.

    How much will the SOL price be in 2050?

    By 2050, a single Solana price could go as high as $72,459.

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