CoinVoice recently learned that, according to Cryptonews, analysts expect the price of Solana (SOL) to reach $300 before August, primarily due to the recent bullish chart patterns and the $500 million on-chain liquidity raised by the PumpFun ICO.
Currently, the trading price of SOL is $163.43, having risen by 12.87% in the past 30 days, with a market capitalization of $87.65 billion, consolidating its position as the sixth largest cryptocurrency in the market.
Technical analysis shows that the weekly chart of SOL/USDT indicates a potential bullish reversal, with the price having recovered and trading above the 89-week EMA. Analysts point out that if SOL can maintain above the support level of $145 to $155, it could rise to a range of $200 to $250 in the future. [Original link]
