Solana (SOL) Predicted To Rally 32% To $260: Here’s When

Solana (SOL) is showing signs of a betterment aft its caller dip. The plus fell to $186.51 earlier this period but has since reclaimed the $195 terms level. SOL’s terms is up 0.9% successful the regular charts, 1.6% successful the play charts, 3.4% successful the monthly charts, and 73.5% since February 2024. Despite the rally, the plus is down by 17.5% successful the 14-day chart.

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Source: CoinGecko

ETF Approval Odds Pushing Solana

Source: Cwallet

The larger crypto marketplace continues its lackluster performance. The planetary crypto marketplace headdress has dipped 1.7% successful the past 24 hours to $3.33 trillion. SOL’s latest rally could beryllium owed to accrued chances of an ETF support this year. According to a report by Bloomberg ETF analysts Eric Balchunas and James Seyffart, Solana (SOL) has a 70% accidental of ETF support successful 2025.

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Despite the bullish outlook for a SOL ETF, the plus inactive faces important barriers. Macroeconomic factors could contiguous an obstacle to the cryptocurrency market. The Federal Reserve has yet to denote an involvement complaint chopped for 2025. Investor sentiment besides remains low.

Will The Asset Climb To $260?

According to salient cryptocurrency analyst, Ali Martinez, Solana (SOL) is holding firmly supra $190. The expert believes that the plus could interruption retired to $225 oregon $260. Hitting $260 from existent terms levels volition construe to a rally of astir 32%.

#Solana $SOL is holding steadfast supra $190, mounting the signifier for a imaginable breakout to $225 oregon $260! pic.twitter.com/4sMtjrJSqt

According to CoinCodex, SOL could emergence to $215.69 connected Mar. 16. Hitting $215.69 from existent terms levels volition entail a rally of astir 10.19%. The level does not expect SOL’s terms to clasp supra $200. CoinCodex predicts SOL volition dip to the $190 level soon aft hitting $215.69.

Source: CoinCodex

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There is besides a anticipation that SOL volition spell higher than anticipated. If macroeconomic conditions amended and capitalist sentiment rises, we whitethorn witnesser a emergence successful crypto investments.