Solana (Sol) is currently surpassing the top 10 projects by market capitalization. The asset achieved 6.7% on the daily chart, 15.5% on the weekly chart, 12.4% on the 14-day chart and 7.9% on the previous month. Despite the gathering, Sol prices have fallen 3.7% since April 2024. Meanwhile, Bitcoin (BTC) is up 1.3% on daily charts and 3% on weekly charts. Ripple’s XRP tokens rose 1.7% and 4.7% over the same time frame.
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When Bitcoin regains $84,000, cryptocurrency recovers
Solana (Sol) Rally comes amid the revival of the larger cryptocurrency market. Bitcoin (BTC) has recouped a price level of $84,000 after the recent drop to the $75,000 level. Global crypto market capitalization rose to $2.76 trillion. Bitcoin’s rally could be facilitated by BlackRock’s recent purchase of assets of more than $74 million.
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A market recovery took place after President Trump announced a 90-day hiatus on tariffs excluding China. In SOL and other cryptocurrencies, fund inflows surged shortly after post-duty announcements.
Can Solana hit $150 next?
Sol had an incredible year in 2024. The assets reached an all-time high. Sol prices surged to a peak of $293.31 on January 19th. Since its January high, the asset price has fallen 54.2%. Low prices can prove to be a great entry point for new investors.
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According to Concodex, Sol may continue on a bullish trajectory over the coming weeks. The platform expects its assets to reach $150.38 on May 17th. Sol’s price will face a 11.91% rally if it reaches its $150.38 target. Cincodex doesn’t expect Sol to be priced at $150. The platform predicts that it will face a fix of less than $130 shortly after SoL reaches $150.
