Can Solana (SOL) Hit $155 Soon?


Solana (SOL) is currently trading around $138, a key level that could determine its next move. If SOL manages to flip $138 into support, the Solana price target could shift upwards, aiming for the $155 to $160 range. However, for this price target to be reached, sustained bullish momentum is essential. Without continued buying pressure, it may struggle to maintain its upward trend.

Institutional Impact

Big institutional investors are playing a significant role in Solana's recent rise. Their increasing investment helps stabilize the price and could lead to further gains. If these trends continue, we might see SOL's value climb even higher.

Potential Risks



However, there's a warning from market expert Peter Brandt. He’s noticed a bearish pattern on Solana’s chart—a large rectangle with support at $129 and resistance at $204.

If the $129 support fails, the pattern suggests SOL could drop to around $80. This would represent a major downside risk based on the chart’s measured move.

What to Watch

  • Support and Resistance: Watch if $138 becomes new support; success here could lead to higher prices.
  • Institutional Trends: Continued investment from institutions could drive prices up.
  • Bearish Pattern: If the $129 support breaks, be prepared for potential declines.

Also Read: Litecoin Price Prediction 2024 – 2030: Will LTC Price Cross $100 in 2024?

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