Forget $100: Analysts Call $150 Solana By Spring

Solana is one of the most well-known names in the crypto market. The crypto is currently ranked 5th in the market based on market cap.

Since October 2023, SOL has been bullish, gaining a whopping 530% in value. The Solana crypto shows a bullish sentiment on the Fear-Greed Index with a balanced score of 55. Expert technical analysis indicates 85% bullish sentiment for crypto, hinting at an upcoming price surge.

It is worth noting that Solana is trading above its 200-day and 50-day exponential moving averages. The metric also hints at a bullish golden crossover. Currently, Solana is trading at 104.95 dollars, a 3.73% hike in the past 24 hours.

The SOL crypto has gained 5.80% in the past week, while its volume has gone up 18% in the past 24 hours. According to the latest Solana price prediction, SOL might even cross the 150-dollar mark this spring.

SOL is expected to end the year at a decent 120-dollar mark, a bar it will set in the coming months. The popular crypto can find consolidation between 130 dollars and 140 dollars. Experts suggest an even better year for SOL in 2025, with the crypto expected to touch the 500-dollar mark.

Now that the crypto has crossed the psychological 100-dollar benchmark, it has gained trust among traders. Moreover, Solana indicates a bullish golden crossover that can lead to a robust upward movement.

A successful breach through the 121-dollar mark will set the immediate target at 140 dollars. If the crypto manages to go through it, 150 dollars will become a comfortable landmark for SOL. 

Given the bullish momentum it has been garnering for months, the movement seems like a probable outcome for SOL.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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