$SOL
🚨 Solana Price Prediction — Here’s When To Buy SOL 🚨
Solana saw a significant decline in its value in the first quarter, declining over 67% from its $295 all-time high.
However, $SOL now appears poised for a strong Q2. Following its April 7th bottom of $95, the Solana price has rallied by more than 50% to trade as high as $143 on Monday.
Prominent crypto analyst Bluntz called the latest move on April 8th, highlighting a bullish RSI divergence on the daily timeframe. While he doesn’t believe the broader $SOL downtrend is over just yet, he anticipates a short-term relief rally to $220.
Indeed, Solana price predictions from smart money investors point to a high probability of a rally beyond $200.
However, sidelined investors who missed out on the upside move from $95 to $143 should exercise patience instead of FOMO buying at the current price.
For starters, the $140 – $145 range is a key resistance zone for Solana, which it hasn’t managed to breach just yet.
Instead, its Relative Strength Index (RSI-14) has hit the “overbought” zone and has formed a bearish divergence in the 4-hour timeframe — indicated by a higher high in price and a lower high in RSI.
Solana formed a similar bearish divergence in the overbought RSI territory on April 14th, which resulted in a 10% correction. A similar pullback now could result in a dip to $128. A retest of the $125 support is possible as well.
Buying Solana at $125 instead of $143 could be the difference between securing 75% returns versus just 50% when it rallies to $220 in the coming weeks.
In the meantime, sidelined inventors should consider investing in Solana meme coins, many of which are nearing major breakouts.
