Solana (SOL) is a high-speed Layer 1 blockchain known for its ultra-low fees and scalability. The coin is tipped to be a very big multibagger due to the use-cases of the crypto.
In this article, we will look at Solana next target by looking at the price chart and technicals.
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Solana Next Target
Current Price: $120.83
Market Cap: ~$62.78 billion
24h Trading Volume: ~$5.39 billion
Circulating Supply: ~515.92 million SOL
Total Supply: ~598.28 million SOL
Price is in a Downtrend. After a brief breakout from Falling Wedge, it resumed its downtrend, broke below $120 key level and made a new 52-week low at $100. Now $120 has turned from support into resistance. If price breaks through that, it could revisit $160.
📈 Key Technical Indicators
24h Price Change: +8.66%
24h Range: $110.97 – $121.76
Relative Strength Index (RSI): ~62 (entering bullish territory)
MACD: Bullish crossover confirmed
Support Level: $108
Resistance Level: $125
Current Trend: Strong bullish momentum with high volume confirmation
📰 Latest Solana News & Developments
📊 Volume Surge:
Solana recorded a 24h trading volume exceeding 12 million SOL, the highest in the past 30 days.
🔓 Major Token Unlock:
A significant 2.2% increase in circulating supply (~$1B worth of SOL) was unlocked.
📈 April Price Prediction:
Analysts forecast a near-term target of $140.10 by April 28, citing strong volume, bullish technicals, and ecosystem growth.
📌 Summary
Solana is riding a wave of bullish energy following a notable token unlock and massive trading volume surge. While some volatility is expected due to the sudden supply influx, the outlook remains positive.
👉 Short-Term Forecast: Could test $125–$130 in coming sessions
📉 Risk Factor: Post-unlock volatility may create short pullbacks
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