Solana Mid-April Price Prediction: Can SOL Reclaim $150?

Solana (SOL) has seen a sizeable terms dip implicit the past fewer months. The plus deed an all-time precocious of $293.31 earlier this twelvemonth successful January. SOL’s terms has fallen by astir 60% since its January peak. SOL is down 4.8% successful the regular charts, 14.1% successful the play charts, 11.6% successful the 14-day charts, 13.3% implicit the erstwhile month, and 37.8% since March 2024. Let’s sermon SOL’s imaginable terms successful this terms prediction article.

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Source: CoinGecko

Cryptocurrencies Continue To Slump

Source: Hans Lucas / AFP via Getty Images

The US has imposed accrued tariffs against respective commercialized partners from Apr. 2. President Trump called it “Liberation Day” for each Americans. The determination whitethorn person consequences for the market. Cryptocurrencies person responded poorly to the development. Solana (SOL) and different large crypto assets are trading successful the reddish portion today. Market participants whitethorn beryllium weary astir the economical interaction of the tariffs.

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SOL’s terms has dipped importantly since January. The crypto marketplace faces important absorption astatine the moment. Bitcoin (BTC) climbed to $88,000 successful precocious March but has since dipped to the $83,000 terms point. Cryptocurrencies whitethorn not determination until BTC breaks past its existent absorption point.

Price Prediction: Will Solana Reclaim $150 By Mid-April?

According to CoinCodex, Solana (SOL) could rally implicit the adjacent fewer days. The level anticipates the plus to deed $135.65 connected Apr. 15. SOL’s terms volition rally by 14.2% if it hits the $135.65 target. CoinCodex does not expect SOL’s terms to clasp supra $130. The level anticipates a correction to astir $122 by aboriginal May.

Source: CoinCodex

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Solana recovered powerfully from its dip successful 2022. The marketplace worth of the plus dropped to beneath $10 erstwhile FTX collapsed successful November 2022. SOL has reached assorted caller terms highs successful caller months. The asset’s rising adoption complaint demonstrates the spot it possesses arsenic a impervious of resilience. Loss betterment of the plus seems realistic for the future.