Solana Prediction: AI Sets SOL Price For April 20, 2025
The Solana (SOL) market has been struggling lately. The sixth largest cryptocurrency had a good run throughout the past year, only to fall face down. While its rise to an all-time high of $294.33 was a major highlight for the SOL market, the correction that followed suit wasn’t favorable. More recently, the altcoin dipped down to a low of $96.59. This drop below the $100 mark caused immense chaos among its investors. While the asset has slowly begun picking up pace, the community is hoping to witness major changes in the coming days.
Also Read: De-dollarization: China’s 10-Year Plan Now OPERATIONAL as Yuan Usage SURGES 3000%!
Solana Kickstarts Recovery Phase With 3% Daily Rise
At the time of writing, Solana was trading at $118.21. This comes after a 3.18% rise throughout the past 24 hours. Just earlier this week. SOL dipped below the $100 mark. The asset has surged by 22% during this period.
Amidst this, the cryptocurrency exchange FTX has been making news for unlocking a major chunk of Solana. According to recent reports, the now-defunct exchange is unlocking about $21 million of SOL. After a month of no movement, Lookonchain data from April 11 indicated that FTX/Alameda had unlocked an additional 186,326 SOL tokens. This was valued at $21.5 million. The unlock coincides with the company’s planned May 30 creditor reimbursement activities.
Also Read: Gold Breaches $3,200: Here’s When It Can Reach $3,300 & $3,500 Next
Price Prediction
According to data from CoinCodex, Solana is all set to encounter a slight uptick from its current price level. The altcoin is set to rise by 7.11% on April 19 and reach a high of $126.99. On April 20, SOL will yet again witness an increase, but a small one compared to the previous day. The asset will trade at $125.90, following a 6.22% from its current price level. While the magnitude of this rise is dainty, it boosts the SOL market with confidence.
Also Read: Bitcoin: Cardano Founder Says BTC Will Rally 200%, Hit $250,000
Read More
Solana Prediction: AI Sets SOL Price For April 20, 2025
The Solana (SOL) market has been struggling lately. The sixth largest cryptocurrency had a good run throughout the past year, only to fall face down. While its rise to an all-time high of $294.33 was a major highlight for the SOL market, the correction that followed suit wasn’t favorable. More recently, the altcoin dipped down to a low of $96.59. This drop below the $100 mark caused immense chaos among its investors. While the asset has slowly begun picking up pace, the community is hoping to witness major changes in the coming days.
Also Read: De-dollarization: China’s 10-Year Plan Now OPERATIONAL as Yuan Usage SURGES 3000%!
Solana Kickstarts Recovery Phase With 3% Daily Rise
At the time of writing, Solana was trading at $118.21. This comes after a 3.18% rise throughout the past 24 hours. Just earlier this week. SOL dipped below the $100 mark. The asset has surged by 22% during this period.
Amidst this, the cryptocurrency exchange FTX has been making news for unlocking a major chunk of Solana. According to recent reports, the now-defunct exchange is unlocking about $21 million of SOL. After a month of no movement, Lookonchain data from April 11 indicated that FTX/Alameda had unlocked an additional 186,326 SOL tokens. This was valued at $21.5 million. The unlock coincides with the company’s planned May 30 creditor reimbursement activities.
Also Read: Gold Breaches $3,200: Here’s When It Can Reach $3,300 & $3,500 Next
Price Prediction
According to data from CoinCodex, Solana is all set to encounter a slight uptick from its current price level. The altcoin is set to rise by 7.11% on April 19 and reach a high of $126.99. On April 20, SOL will yet again witness an increase, but a small one compared to the previous day. The asset will trade at $125.90, following a 6.22% from its current price level. While the magnitude of this rise is dainty, it boosts the SOL market with confidence.
Also Read: Bitcoin: Cardano Founder Says BTC Will Rally 200%, Hit $250,000
Read More