Analyst Predicts a 43% Rally for Solana (SOL) to $145 this February

• Solana's (SOL) Impressive Rally and Predictions
• Continuing Potential for SOL
• Will Solana (SOL) Surpass Its All-Time High in 2024?
• Price Predictions for Solana (SOL)
• Changelly's Forecast
• Telegaon's Outlook

Solana's (SOL) Impressive Rally and Predictions

Solana$104 5.03% (SOL) has witnessed a sudden surge in its price, experiencing a rise of over 5% in its daily charts. The cryptocurrency has also seen a week-on-week increase of 4.9%, and a significant rise of over 47% since December 2023. From the start of January 2023, SOL's rally has exceeded an impressive 330% increase.

Continuing Potential for SOL

Crypto analyst, known as Bluntz, believes the recent gains seen by Solana might not be nearing their end. The prediction is that SOL may rally beyond the $140 mark in the upcoming weeks. The analyst underlines that SOL's downtrend has undergone numerous tests and perceives the three-wave move downwards from SOL's peak as a corrective measure.

Will Solana (SOL) Surpass Its All-Time High in 2024?

In 2023, SOL emerged as one of the most successful cryptocurrencies. Between January and December 2023, it rallied up to nearly 1000% at a certain point before decreasing again. Currently, SOL has seen a drop of over 60% from its all-time high of $259.96, which it reached back in November 2021, over two years ago. SOL's price suffered a significant blow in November 2022 following the downfall of FTX$3.28 -5.38%. This closed exchange was bullish on the asset and held over $1 billion worth of SOL tokens.

Price Predictions for Solana (SOL)

Changelly's Forecast

According to Changelly, Solana (SOL) could potentially reclaim its 2021 peak as early as March 2026, almost two years ahead. The platform projects SOL hitting a peak price of $251.77 in March 2026. However, for 2024, Changelly foresees a bearish year for SOL with a predicted fall to below $30 in August.

Telegaon's Outlook

Telegaon also forecasts SOL to exceed its all-time high sometime in 2026, without specifying the exact month this could occur. In terms of 2024, Telegaon predicts SOL to reach a maximum price of $165.

Edited by Jonathan Stoker