As a seasoned researcher with over two decades of experience in the financial markets, I’ve seen countless bull and bear runs in various asset classes. However, the crypto sphere has been particularly intriguing, given its rapid growth and volatility.
crypto expert Peter Brandt has shared an optimistic viewpoint about Solana, suggesting that the well-known altcoin could see a substantial price increase in the upcoming weeks. This forecast stands in stark contrast to Brandt’s previous prediction, where he voiced concerns about Solana potentially experiencing a significant price drop.
How High Can Solana Go?
This past week, NewsBTC shared Brandt’s forecast that Solana (SOL) could drop to $80 if it couldn’t hold onto a crucial support point at approximately $120. Importantly, SOL exhibited a predominant price decline throughout the week, reaching as low as $128 on Thursday.
Despite being the fifth largest cryptocurrency, it has made a significant turnaround within the past 48 hours, hitting a high of $151 on Friday. Peter Brandt highlighted this price surge, stating that Solana managed to maintain the $120 price mark, which it has consistently achieved over the last six months.
According to Brandt’s perspective, it appears that SOL might be aiming for a substantial leap in the coming period. Although the specialist analyst didn’t specify an exact price, investors can prepare themselves for a significant rise, as Brandt anticipates a noticeable price shift over the next 72 weeks.
Hey Cryptocurrency Enthusiasts, it appears that the support for $SOL and its USD pair has been maintained around $120. This pattern might develop into a robust structure ready to initiate a substantial rise.
— Peter Brandt (@PeterLBrandt) September 20, 2024
During this upcoming phase, it’s anticipated that the crypto market will experience a bullish trend, and Solana (SOL) is predicted to be one of the standout performers. In the previous bull run, SOL was the top market gainer, skyrocketing more than 1500% to reach an all-time high of $260. Notably, apart from long-term profits, Solana investors might also witness a quick price increase, particularly as we move towards Q4.
As a crypto investor, I’m eagerly anticipating that Bitcoin might kick off an uptrend from October onwards. This could potentially impact altcoins like Solana, as they often follow Bitcoin’s lead. If this happens, it could translate into significant returns for Solana investors.
In the thrilling world of crypto, I found myself reaping significant returns from Solana (SOL) back in Q4 2023. This altcoin shot up from approximately $22 to an impressive $112, translating to a whopping 400% profit. To put this into perspective, Bitcoin was also on the rise, climbing from around $27,000 to $44,000 within the same period.
SOL Price Overview
Currently, Solana is being traded at $145.16, showing a 2.20% increase over the past day. Over the last few weeks, its price has demonstrated consistent growth, with gains of 4.62% and 3.03% in the last seven and thirty days respectively. Additionally, Solana’s daily trading volume has increased by 23.07%, currently standing at $3.17 billion.
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2024-09-21 15:04