Apr 30, 2025
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Analysts Predict Solana Could Reach New ATH by Q3
Solana (SOL) Price Movement Overview
Solana has experienced a 15% recovery over two weeks, attempting to maintain critical support levels after falling to a 14-month low of $95 earlier this month. Key points include:
- Current trading range is between $145 and $157.
- Resistance was reclaimed at $140, previously lost for nearly two months.
- Potential breakout above $157 could lead to higher price targets around $170-$180.
- If the price drops below $145, immediate support is at $136, with further risks down to $100-$120.
- Formation of a "cup and handle" pattern suggests bullish potential.
Market Analysis
Analyst insights indicate that:
- Recent breakout from a seven-day falling wedge signals the end of short-term downtrend.
- Increased demand for SOL due to rising DEX volume and company investments.
- Current price is $149, reflecting a 1.1% daily increase.
