$SOL Solana (SOL) is currently in the "Hope" zone on the Net Unrealized Profit/Loss (NUPL) indicator, which historically has often been followed by price increases. Several factors that could influence the price increase of Solana are¹:
- Institutional Interest: The approval of the first spot SOL ETF in Canada has increased confidence in Solana's future growth. The new SEC chairman, Paul Atkins, may impact the approval process for altcoin-based ETFs.
- Technical Indicators: Solana's price has surged 41% this month, with the next major resistance at $180. If it successfully breaks this level, the price could reach $221.
- LTH Accumulation: Long-Term Holders (LTHs) are increasing their accumulation, indicating confidence in Solana's long-term price increase.
The current price of Solana is $147.64 with a change of -0.83% in the last 24 hours. Its market capitalization has reached $77.10 billion. Some future price predictions for Solana are:
- Wallet Investor: Predicts that Solana's price could reach $325.10 in the next year and $781.92 in the long term.
- Gov Capital: Predicts that Solana's price could reach $364.24 in the next year and $324.36 in the next five years.
- CryptoPredictions: Predicts that Solana's price will range between $197.29 and $290.13 by December 2025.
However, it is important to remember that the crypto market is highly volatile and price predictions can vary depending on various factors.