The cryptocurrency market appears to be in another bullish stage. Bitcoin (BTC) has once again revived its $120,000 mark, with global crypto market capitalization rising 1.5% to $4.24 trillion in the last 24 hours. Solana (Sol) continues to rise in the overall market. According to data from Coingecko, Sol attracted 2.3% in the last 24 hours, 18.4% last week and 10.1% the previous month. However, the platform highlights the 14-day chart that the asset price fell 5.1%. In this price forecast article, let’s discuss whether Solana (SOL) could ultimately infringe the $300 mark this October.
Price forecast: Will Solana reach $300 in October?
Solana (Sol) is one of the most resilient crypto assets in years. Asset prices have fallen below $9 after the collapse of FTX in 2022. Sol hit its recent peak at $293.31 on January 19th of this year. Sol’s prices have fallen 21.5% since its peak in January.
It is likely that Solana (Sol) Rally will continue over the next few weeks. Bitcoin (BTC) is a market leader, with other assets tending to follow their trajectory. BTC could be heading towards a new all-time high this month. October has historically been a bullish month for BTC. You can also follow the historical patterns of 2025.
Furthermore, apart from being a historically bullish month, there is a high possibility that the Federal Reserve will announce a separate interest rate cut this month. Another rate cut can cause a significant spike in risky investments. Solana (Sol) and the larger crypto market could experience a major breakout under such circumstances.
Spot ETF News is also scheduled later this month. The SEC must determine Bitwise and 21 share Solana ETFs by October 16th. With ETF approval, Sol prices will be sent to the roof. Such development could ultimately violate the $300 mark.