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Price Prediction for Solana: Chances of Doubling to Reach Its Highest Level.
Solana Price Prediction: Potential Increase by Doubling to Reach Its Highest Levels Amid Growing Excitement for ETF Funds – Some analyses suggest that the price of Solana (Solana-SOL) might be on the verge of a significant short-term increase, as bullish traders look to push it to re-test its earlier recorded highs this year at around $300, which is double its current levels.
The price of Solana is currently close to $150, which is an increase of over 55% from its lowest recorded levels in April when it dropped to about $95, marking on the chart a series of higher swings and surpassing the highest moving averages (DMA) measured over 21 and 50 days.
The bounce on Wednesday at the 21-day moving average confirms the upward trend and suggests the possibility of soon surpassing last week's recorded high of $157.
The rise in the price of Solana (Solana-SOL) also coincides with a clear recovery in risky assets over the past few weeks, with the price of Bitcoin (BTC) approaching $100,000, and major U.S. stock indices starting to recover most of their recent declines from their highest recorded levels in February.
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