Solana (SOL) is currently trading at $138.59 as of March 24, 2025. The price is approaching the upper Fibonacci resistance level of $144.449, suggesting a potential breakout if momentum continues. The RSI_14 is at 45.05, indicating a neutral to slightly bullish trend, while the MACD is showing signs of a potential bullish crossover with a positive histogram.
Recent news and expert opinions suggest a bullish outlook for Solana. Raoul Pal predicts that Solana will outperform Bitcoin and Ethereum through 2026, driven by its improving network stability and increasing developer adoption. Additionally, VanEck has set a price target of $520 for Solana by the end of 2025, citing its growing market share in the smart contract platform sector.
Level | Price |
---|---|
Fibonacci R1 | 135.21 |
Fibonacci R2 | 138.74 |
Fibonacci R3 | 144.45 |
Fibonacci S1 | 123.79 |
Fibonacci S2 | 120.26 |
Fibonacci Pivot | 129.50 |
Based on the technical indicators and positive news sentiment, Solana is expected to reach $144 in the next trading week. This price target aligns with the Fibonacci R3 level and is supported by the improving macroeconomic conditions and Solana's growing ecosystem.
Recommendation: Buy Solana (SOL) with a target price of $144 and a stop-loss at $129.50 (Fibonacci Pivot level).
The price of Solana is predicted to go up -45.41%, based on the high correlation periods with DOT. The similarity of these two price pattern on the periods is 90%.
SOL
DOT
Year
SOL Price Forecast($)
Potential Return(%)
2025
220.000
1.350
2026
300.000
109.250
2027
750.000
423.120
2028
800.000
458.000
2029
1,200.000
737.000
2030
1,200.000
737.000