Solana (SOL) has seen a sudden price spike, rallying by over 5% in the daily charts. The token is also up by 4.9% over the last week and over 47% since December 2023. Since January 2023, SOL has rallied by over 330%.
Also Read: Here is How Much $1,000 Invested in Solana (SOL) 3 Years Ago Would be Worth Now.
The latest rally might not be the end for SOL. According to crypto analyst “Bluntz,” SOL may rally beyond $140 in the coming weeks. The analyst notes that “this downtrend has been tested too many times.” Moreover, Bluntz highlights that the three-wave move down from SOL’s highs looks “corrective.”
Will Solana (SOL) reclaim its all-time high in 2024?
SOL was one of the best-performing cryptocurrencies of 2023. From January 2023 to December 2023, SOL rallied by up to nearly 1000% at one point before climbing back down. SOL is currently down by over 60% from its all-time high of $259.96, which it attained in November 2021, over two years ago. SOL’s price took a massive hit in November 2022 after the collapse of FTX. The now-defunct exchange was bullish on the asset and had over $1 billion worth of SOL tokens.
Also Read: Solana: Will SOL Reclaim its All-Time High of $259 in 2024?
According to Changelly, Solana (SOL) could reclaim its 2021 peak sometime in March 2026, almost two years from now. The platform predicts SOL to reach a maximum price of $251.77 in March 2026. For 2024, however, Changelly anticipates a bearish year for SOL. According to the platform, SOL’s price could drop to below $30 in August.
Telegaon also anticipates SOL to surpass its all-time high sometime in 2026. However, the platform does not specify as to which month it may do so. As for 2024, Telegaon anticipates SOL to reach a maximum price of $165.
