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29 May 2024
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Solana Weekend Price Prediction: Can SOL Hit $150?

Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. Numerous projects are currently being developed on the Solana network, with more expected to emerge soon.

According to information provided on Solana’s official website, the company’s main value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum. Solana had breached the price level of $200 after a prolonged year of downward trend. However, according to recent data, SOL has been down and is in the $140 range.

With the whole cryptocurrency market being volatile, here is our price prediction for Solana (SOL) for the weekend.

Also read: Cardano (ADA) Forecasted To Hit 15x: Here’s When

SOL price prediction for the weekend

Solana SOL
Source: analyticsinsight.net

Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL can shoot up or go down in price during the weekend.

Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for the weekend. For this timeframe, SOL’s minimum price is anticipated to be $143, and its maximum is anticipated to be $145.

Also read: Shiba Inu: ChatGPT Predicts When SHIB Could Hit ATH

Solana has been on a negative trajectory recently. SOL recently plunged as low as $119 amidst the recent market crash. However, SOL has gradually picked up pace at the moment.

Changelly experts predict that the SOL price is unlikely to reclaim $150 during the weekend. However, the entire prediction could depend on the overall market sentiment. If the market proves to be bullish and BTC gains traction, the entire prediction can prove to be inaccurate.

Also read: Chainlink Poised for Potential Upswing: How High Can LINK Go in May?

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