Crypto Analyst’s Praise for That Altcoin: 50% Rally in February, More Coming Later!

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solana (SOL) experienced a limited but noticeable bounce, rising over 5% on the daily chart. The altcoin has also shined, rising 4.9% last week and over 47% since December 2023. As we reported as Koinfinans.com, SOL has strongly shown signs of a return to its old days, with an increase of over 330% since January 2023.

However, according to analyst Bluntz, the recent rally in Solana price may indicate a new beginning. According to analyst altcoin The price may make some attempts to surpass $140 in the coming weeks. Bluntz attributes the reason for this to “the testing of the downtrend many times” and believes that the three downward waves from high levels this month represent a “corrective” movement. believes.

Solana is the best performer of 2023 cryptocurrency He managed to become one of the units. From January 2023 to December 2023, SOL managed to rise from the ashes, rising nearly 1000% at one point before climbing back.

SOL is currently trading down over 60% from its all-time high of $259.96, reached over two years ago in November 2021. The price of SOL took a big hit in November 2022 following the collapse of FTX. The now-defunct exchange was bullish on the asset and had over $1 billion worth of SOL tokens.

According to Changelly, Solana price could regain its 2021 peak in March 2026, almost two years from now. The platform predicts that SOL could reach the highest price of $251.77 in March 2026. However, Changelly also emphasized that 2024 could be a down year for SOL. According to the platform, the price of SOL may even drop below $30 in August.

Telegaon also expects SOL to surpass its all-time high in 2026. However, the platform does not specify in which month it can do this. Come 2024, Telegaon expects SOL to reach the maximum price of $165.


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