The Solana Sol Cryptocurrency has risen by more than 15% over the past week, indicating the bullish momentum behind Crypto tokens. Solana (Sol) recovered quite a bit last month. The price of the asset fell to a $100 level during the recent market crash. Luckily, Sol’s prices have risen 18% over the past 30 days and have continued to rise over the past week. Where will Sol go next?
Certainly, Solana’s cryptocurrency has finally shown positive momentum after a slow start to the year. Behind the assets there is growing optimism, and the Solana Sol ETF could be looming. Sol’s Rally will also come among Paul Atkins, the new Pro Bitcoin head appointed to the SEC. Many expect Atkins to take a more relaxed approach to the crypto sector. The newly improved SEC could also decide on a Solanasol ETF in the coming months. This will accelerate the surge in Solana. Currently, SOL is about 48% lower than ATH.
Furthermore, Sol’s Stablecoin market capitalization has been rising sharply since February, with more than $13.07 billion recently. This indicates the increased trust and liquidity flowing through the network. Although trading volumes have slowed, TV-centric television helped rebound the price of assets last week, as it did with many crypto assets in the market. Bitcoin rebound also played a role as Kingcoin is backed up to around $97,000.
Where will Solana Sol Price go next?
According to Concodex, Solana (Sol) will move into a lateral trajectory over the coming weeks. Certainly, the coin predicted site has weakened to SOL, suggesting that the coin will be soaked by May. “According to current Solana price forecasts, Solana prices are projected to fall by -7.35% to $140.99 by May 30, 2025,” CC analysts say. “According to our technical indicators, the current sentiment is neutral, with the Fear & Greed Index showing 53 (neutral).”
With $Sol Holding over $145 and currently trading at $148, investors are keeping an eye on the next major price level: Other analysts point to the weekly chart cup-and-handle formation, which could surpass the $155 resistance and open the door to that $180 rally. Additionally, $Sol Futures Open Interest hit $5.755 billion on Wednesday, suggesting that the next target could grow to $200, even before ETF approval.
Beyond the near future, some experts in the market predict that Solana Sol will be able to reach a $500 high by this year. On the contrary, Sol is moving very slowly. According to Concodex, the asset is likely to take on current trends throughout the year. So $500 could be out of Altcoin’s photo. The company has revealed that SoL can only achieve this milestone in 2029. During this period, assets will be traded at a maximum price of $505.65. This happens after a 237% increase from the current price level.