Is Solana Preparing for a Rocket Launcher Rally in April: Experts Evaluated!

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solana The recent rise in price was welcomed by the cryptocurrency community. SOL’s price has been hovering in the $190-200 range lately, after briefly surpassing the ambitious price level of $210.

The rise in Solana price has increased analysts’ speculations about its future price trajectory. Several analysts have expressed their predictions, predicting that SOL’s current momentum will help the token surpass the $270 price threshold.

Solana lately cryptocurrency It’s taking the world by storm. Recent price increases have exceeded traders’ expectations. exceeded.

Solana’s recent rising measurements have been quite remarkable. SOL has recently overturned all leading chains in weekly stablecoin transfer volume.

According to CoinGecko, Solana has surged 86% in the past month, showing the potential to hit critical milestones soon.

What Can Solana Do in April?

According to CoinCodex, SOL is poised to surpass $200 by the first week of April. The platform predicts that Solana may face a brief resistance at $202 before entering the bull trend.

“Based on today’s classic pivot point (P1) at $180.41, Solana has support levels at $174.97, $166.73, and the strongest at $161.30. Similarly, resistance levels are at $188.65, $194.08 and $202.32.”

CoinCodex later predicted new price levels for SOL. The platform predicted that SOL would cross the critical level of $202 and cross $250 by the second week of April 2024.

“Based on our technical indicators, Solana’s 200-day SMA will move higher next month and reach $128.50 by April 24, 2024. SOL’s short-term 50-day SMA is estimated to reach $288.95 by April 24, 2024.”

If SOL continues to follow the current market momentum, the token could surpass $300 by the end of April 2024.

“The Solana price prediction for next week is between $265.38 on the low end and $307.50 on the high end. Solana’s price could increase by 15.87% to $307.50 by April 7, 2024 if it reaches its upper price target.”


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