$SOL
Solana Price Predictions: Potential Doubling to Reach Previous Highs Amid Growing Excitement Over ETF Funds – Some analyses suggest that the price of Solana (Solana-SOL) may be on the verge of a significant short-term rally, as bullish traders are looking to push it to retest its previously recorded highs earlier this year at around $300, which is double its current levels.
As of the time of writing this news, the price of Solana is nearing $150, which is an increase of more than 55% from its lowest recorded levels in April when it fell to around $95, marking a series of upward swings on the chart 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 indicates the possibility of soon surpassing last week's recorded highs at $157.