Category: Forex News

Solana (SOL) price forecast: $250 breakout before Bitcoin Halving?

Weighted Sentiment values above 1 implies an that positive comments surrounding the project currently exceeds the number of negative comments.

Hence, this signals an overwhelming optimistic outlook across the Solana community despite the fluctuating SOL price action in the past week.

With the Bitcoin (BTC) halving looming and ETFs selling, many crypto investors are taking on a cautious approach.

If SOL community put their money where their mouth is, majority of investors will likely keep trading bullish as indicated by the weighted sentiment trend. This could see SOL price breakout towards $250

Solana (SOL) price forecast: Road to $250?

If SOL community puts their money where their mouth is, majority of investors will likely keep trading bullish as indicated by the weighted sentiment trend, possibly driving Solana price toward $250 ahead of the Bitcoin halving.

In the week ahead, the bulls could face initial resistance at the $207 area as depicted by the upper-limit Bollinger band indicator.

But given that SOL price just retraced from that area, the bulls could hold firms and set their sights on higher targets closer to $250.


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