Solana (SOL) Price Prediction: Potential 40% Rally or Buying Opportunity at $80?
Solana (SOL) has recently experienced significant price volatility, with analysts presenting divergent views on its future trajectory. While some predict a potential rally to $147 if key resistance levels are breached, others anticipate a drop to $80, framing it as a strategic buying opportunity. This article delves into the latest price movements, expert insights, and what investors can expect in the coming weeks.
Solana (SOL) Price Prediction: Possible 40% Rally if Key Level Breached
Solana (SOL) has seen significant price volatility, with one analyst predicting a potential rally to $147 if it breaches a certain level. Others foresee a potential drop to $80 but view this as a buying opportunity. Recently, Solana’s price crashed below $100 on April 7 for the first time since February 2024, before briefly surpassing $110 the next day and currently trading at $107. Renowned analyst Ali Martinez has raised hopes of a resurgence, noting a buy signal on SOL’s weekly chart using the TD Sequential indicator.
3 Cryptos to Buy Amid Trump Tariffs Uncertainty
US President Donald Trump’s announcement of tariffs on foreign goods has caused a sharp drop in the crypto sector. Fears of a trade war have intensified, with retaliatory tariffs from China, Canada, and the EU. Despite short-term volatility, analysts predict 2025 could be pivotal for crypto due to clearer regulation. Against this backdrop, here are three emerging projects—Solana (SOL) and others—that could deliver explosive upside when market sentiment turns.
NFT Drama Ends For Shaquille O’Neal With Hefty $11 Million Settlement
NBA legend Shaquille O’Neal has agreed to pay $11 million to settle a class-action lawsuit over his promotion of the failed Astrals NFT project. A Florida federal judge approved the settlement on April 1. The lawsuit, first filed in May 2023, claimed O’Neal promoted the sale of unregistered securities through the Solana-based Astrals NFT collection. Investors who bought Astrals NFTs or the project’s GLXY tokens between May 2022 and January 15, 2024, will now be eligible for compensation from the settlement fund.
Solana Whale Sells SOL to Repay $20M Loan
A Solana whale holding $192 million in SOL tokens sold $10.7 million worth of SOL (100,000 tokens) to repay a $20 million loan taken out for market trading. The whale had unstaked 1.32 million SOL and deposited 1.2 million SOL into Kamino 15 days ago to borrow the funds. The recent sale suggests a strategic move to manage debt.
