The Solana price is gearing up for a potential rebound as the crypto market experiences a bullish reversal. With the total market cap surging by 3.17% to $2.74 trillion, analysts predict key price levels to watch in the short term. Traders and investors are looking to capitalize on Solana’s volatility, with experts like Ted foreseeing a potential uptick to $180 amidst increasing whale activity.
Analysts closely monitor Solana’s market movements as the price hovers below $140. While some fear a possible crash to $120, bullish predictions suggest a surge to $180 by May 2025. Historical trends indicate that Solana’s current patterns mirror those seen in 2022 Q4, hinting at potential similarities in future price movements. Analysts maintain a positive outlook for the token, predicting a new all-time high for SOL in the third quarter of this year.
Traders are advised to watch key price levels as Solana is poised for a potential rebound. Analyst Degen Hardy provides a detailed analysis of SOL’s current market conditions to identify a long entry opportunity. The ideal scenario would be for the Solana price to pull back, forming an inverse head and shoulders pattern. Key levels to watch include $178, with historical data suggesting a potential surge to $256 if SOL surpasses this level.
Increased whale activity further supports a potential rebound in Solana’s price. Whale Alert reported that a Binance address moved 374,161 SOL ($52,768,341) to an unknown wallet, signaling a positive trend for the token. Solana has cleared key resistance levels, with TraderAG projecting a potential target of $170. Despite expectations of a retest to the $125 level, SOL broke past resistance, sparking speculation of an uptrend. CoinGape’s Solana price prediction indicates a maximum level of $173.44 and a minimum of $140.04 by 2025.
In conclusion, the Solana price is poised for a potential rebound as the crypto market experiences a bullish reversal. Analysts predict key price levels to watch in the short term, with bullish outlooks suggesting a potential surge to $180 by May 2025. Traders are advised to monitor key levels and keep an eye on Solana’s market movements to capitalize on potential opportunities. With increased whale activity and Solana clearing key resistance levels, the future looks bright for the token as it aims for new all-time highs.
