Solana: AI Predicts SOL’s Price For April 25
The cryptocurrency market is making another upward reversal. Bitcoin (BTC) has reclaimed the $87,000 price level. The global crypto market cap has risen 1.4% in the last 24 hours to $2.84 trillion. Solana (SOL) follows the current market trend as well. The asset has rallied 1.8% in the daily charts, 4.4% in the weekly charts, 38.7% in the 14-day charts, and 6.8% over the previous month. Despite the rally, SOL’s price is down 8.2% since April 2024.
Also Read: Amazon Stock Gets a Downgrade: See the Bottom Price Target For AMZN
Cryptocurrencies Recover Amid US Dollar’s Dip
The cryptocurrency market is soaring while the US dollar is facing a dip. The dollar’s DXY index fell to 98.30 today. The DXY fell to nearly a three-year low today. On the other hand, SOL and other cryptocurrencies have made substantial recoveries.
Also Read: Gold Prices Reach Historic High of $3,400
Apart from cryptocurrencies, gold has also experienced substantial growth. The yellow metal hit an all-time high of $3,400 earlier today.
Solana Price Prediction
SOL hit an all-time high of $293.31 on Jan. 19. The asset’s price has fallen by 52.6% since its January highs.
According to CoinCodex, Solana (SOL) may rally over the next few days. The platform anticipates the asset to hit $145.19 on Apr. 25. SOL’s price will rally by 4.3% if it hits the $145.19 target. Despite the short-term bullish outlook, CoinCodex does not anticipate SOL’s price to hold above $140. The platform anticipates a correction to $135 by the end of May.
Also Read: Tesla: Barclays Cuts TSLA Price Target To $275
There is also a possibility that the cryptocurrency market will face another obstacle. SOL’s price may not rally as predicted by CoinCodex. President Trump has paused tariffs for 90 days, but tariffs are not completely out of the picture. Macroeconomic headwinds may present challenges to the cryptocurrency market.
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Solana: AI Predicts SOL’s Price For April 25
The cryptocurrency market is making another upward reversal. Bitcoin (BTC) has reclaimed the $87,000 price level. The global crypto market cap has risen 1.4% in the last 24 hours to $2.84 trillion. Solana (SOL) follows the current market trend as well. The asset has rallied 1.8% in the daily charts, 4.4% in the weekly charts, 38.7% in the 14-day charts, and 6.8% over the previous month. Despite the rally, SOL’s price is down 8.2% since April 2024.
Also Read: Amazon Stock Gets a Downgrade: See the Bottom Price Target For AMZN
Cryptocurrencies Recover Amid US Dollar’s Dip
The cryptocurrency market is soaring while the US dollar is facing a dip. The dollar’s DXY index fell to 98.30 today. The DXY fell to nearly a three-year low today. On the other hand, SOL and other cryptocurrencies have made substantial recoveries.
Also Read: Gold Prices Reach Historic High of $3,400
Apart from cryptocurrencies, gold has also experienced substantial growth. The yellow metal hit an all-time high of $3,400 earlier today.
Solana Price Prediction
SOL hit an all-time high of $293.31 on Jan. 19. The asset’s price has fallen by 52.6% since its January highs.
According to CoinCodex, Solana (SOL) may rally over the next few days. The platform anticipates the asset to hit $145.19 on Apr. 25. SOL’s price will rally by 4.3% if it hits the $145.19 target. Despite the short-term bullish outlook, CoinCodex does not anticipate SOL’s price to hold above $140. The platform anticipates a correction to $135 by the end of May.
Also Read: Tesla: Barclays Cuts TSLA Price Target To $275
There is also a possibility that the cryptocurrency market will face another obstacle. SOL’s price may not rally as predicted by CoinCodex. President Trump has paused tariffs for 90 days, but tariffs are not completely out of the picture. Macroeconomic headwinds may present challenges to the cryptocurrency market.
Read More