Solana Price Prediction: SOL Price Set To Surge Above $150 By End Of February

The post Solana Price Prediction: SOL Price Set To Surge Above $150 By End Of February appeared first on Coinpedia Fintech News

Popular analyst Austin Hilton has made a bold prediction regarding the price trajectory of Solana (SOL), suggesting that the cryptocurrency could soar to $140-$150 shortly. Hilton shared his analysis during a recent segment on his YouTube channel.

Regarding recent market trends, Hilton noted Solana’s great performance over the past 15 days, with a significant 24% surge. He spoke about a green momentum alert from his trading indicator software, signaling a buying opportunity. 

Regarding Solana’s current price movement, Hilton noted a one-day increase of $285 and a seven-day surge of over 15%. This upward momentum, coupled with the influx of capital into the crypto market, has prompted Hilton to consider a potential price target of $140-$150 for Solana by the end of February.

Hilton suggested the overall bullish sentiment in the crypto market, expressing confidence in Solana’s prospects, with the total market cap approaching $2 trillion. He also spoke about Bitcoin’s recent rally to $52,000 and the growing demand for Bitcoin ETFs, contributing to the upward trajectory of major altcoins like Ethereum and Solana.

Moreover, Hilton noted Solana’s rise in the crypto rankings, surpassing Binance Coin (BNB) to become the third-largest cryptocurrency by market capitalization, behind Ethereum and Bitcoin. With Solana’s market cap exceeding $50 billion, Hilton believes it’s an opportune moment for investors to consider Solana an investment option.

Hilton encouraged investors to seize the potential opportunity presented by Solana’s price surge, reiterating his bullish stance on the cryptocurrency. With continued market momentum and favorable indicators, Hilton remains positive about Solana’s upward trajectory in the coming weeks.