Solanasol Cryptocurrency has risen by more than 22% in the past month, indicating the bullish momentum behind crypto tokens. Solana (Sol) has recovered considerably in the last few weeks. The price of the asset fell to a $100 level during the recent market crash. Luckily, Sol’s prices have risen and are currently trading at nearly $144.
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 are slowing, televisions around SoL helped rebound the price of assets last month. Furthermore, the broader crypto market shows momentum led by Bitcoin, which has recently revived $97,500. At the time of pressing, BTC was below $94,000, with Sol down over 1% over the past week. Despite the short-term dip, Solana’s rebound in April cannot be ignored.
Some crypto analysts are particularly bullish at Solana Cryptocurrency, projecting new highs over the next 12 months. In particular, FXLeaders analysts are forecasting a surge of more than 100% from current prices. This will bring Sol to its new all-time high, violating its $294 record. FXLeaders believes it will have the sustained momentum of Solana with consistently high trading volumes at this rate. From there, if you successfully establish and defend your main support area for $150, you could potentially go further between $260 and $320.
This prediction could actually come true if market sentiment remains in the favor of crypto. Just as the looming possibility of Solana Sol Etf, there is growing optimism behind Solana. 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.
Conversely, other analysts have proposed a more bearish scenario. 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).”
