{"id":57919,"date":"2025-04-09T11:24:58","date_gmt":"2025-04-09T11:24:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57919"},"modified":"2025-04-09T11:24:58","modified_gmt":"2025-04-09T11:24:58","slug":"solana-sol-can-soar-by-40-but-under-this-critical-condition-analyst","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57919","title":{"rendered":"Solana (SOL) Can Soar by 40% But Under This Critical Condition (Analyst)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Solana (SOL) saw wild price swings, with one analyst eyeing a possible rally to $147 if it pumps above a certain level.<\/p>\n

Others predict a potential slump to as low as $80 but view this as a buying opportunity.<\/p>\n

<\/a><\/span><\/h2>\n

Can the Bulls Erase Some of the Losses?<\/h2>\n

The cryptocurrency market turbulence observed<\/a> in the past few days had a <\/span>huge<\/span> impact on Solana (SOL), whose price was on a rollercoaster. On April 7, it crashed below $100 for the first time since February 2024. <\/span>The following day,<\/span> SOL briefly surpassed $110 before retracing to the current $107 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>SOL Price, Source: CoinGecko<\/p>\n

The renowned analyst Ali Martinez recently raised the bulls\u2019 hopes that a resurgence could <\/span>be on the way<\/span>. He <\/span>estimated<\/span><\/a> that the TD Sequential indicator flashed the buy signal on Solana\u2019s weekly chart. In his view, staying above $95 and rising beyond $121 could set the stage for a pump towards $147 (a nearly 40% increase from the current valuation).\u00a0<\/span><\/p>\n

It is worth mentioning that Martinez was less optimistic just days ago when SOL\u2019s price was in <\/span>a state of a<\/span> freefall.<\/span> He <\/span>predicted<\/span><\/a> the dive under $114 could lead to a massive slump to as low as $60.\u00a0<\/span><\/p>\n

The user Ted Pillows chipped in, too. He noted that SOL briefly bounced from the multi-year support trendline of around $110. <\/span>He<\/span> argued<\/span><\/a> that the last time the price retested this level was in Q3, 2023, and <\/span>in<\/span> the following months,<\/span> it skyrocketed by 1,000%.<\/span> \u201cWill something similar happen again?\u201d he questioned.<\/span><\/p>\n

Ready to Stack at This Level<\/span><\/h2>\n

Another popular market observer who touched upon Solana\u2019s price dynamics is the X user Alex RTB. They <\/span>believe<\/span><\/a> the asset may plummet to $80 before experiencing a pump. However, the analyst seems unfazed by the potential pullback, preparing to enter the ecosystem as an investor at these levels.\u00a0<\/span><\/p>\n

\u201c$20 \u2013 $25 don\u2019t matter much for long term but if we are looking for <\/span>safest entry, its<\/span> coming.<\/span> Prove me wrong if you can,\u201d <\/span>they<\/span> concluded.<\/span><\/p>\n

Earlier this week, Crypto_Jobs <\/span>suggested<\/span><\/a> that SOL could find a \u201ckey bottom level\u201d even lower:<\/span><\/p>\n

\u201cZooming on my monthly and weekly <\/span>view<\/span>, I can tell you with some confidence that the magnet<\/span> & <\/span>key bottom level will be around $68 \u2013 $70.\u201d<\/span><\/p>\n

The post Solana (SOL) Can Soar by 40% But Under This Critical Condition (Analyst)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Solana (SOL) saw wild price swings, with one analyst eyeing a possible rally to $147 if it pumps above a certain level. Others predict a potential slump to as low as $80 but view this as a buying opportunity. Can the Bulls Erase Some of the Losses? The cryptocurrency market turbulence observed in the […]<\/p>\n","protected":false},"author":0,"featured_media":57920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57919"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57919"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57920"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}