Cryptocurrency market appears to have recovered from its recent slump. Bitcoin (BTC), has recovered the $58,000 mark. In the past 24 hours, global crypto market capitalization has increased by 1.2% to $2.14 billion. Solana’s (SOL) daily chart has also seen a rise of 2.6% and the weekly charts have improved by 1%.
SOL’s price is down 6.8% on the chart for the past 14 days and 7.8% since the beginning of the month. Let’s see how much SOL will rise in price over the weekend.
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SOL Price Predictions And Market Analysis
Changelly’s SOL Prediction
Changelly estimates that Solana’s (SOL), on September 15th 2024, could fall to $132.19. The fall would be about 1.97%. Changelly’s analysts predict that despite the negative outlook for SOL, it will rise to $140 by the end the month.
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CoinCodex SOL Prediction Price
Analysts at CoinCodex, however, believe that SOL could reach $135.17 by Sunday, September 15, 2024. A rally of 0.24% will be required to reach $135.17.
CoinCodex analysts predict SOL to continue its upward trend in the coming months and surpass $140 by the end. SOL is predicted to reach $143.37 in 2024.
The Market and Potential Impact on SOL Prices
A favorable market could lead to a higher price for Solana (SOL). The US Inflation rate in August was lower than anticipated at 2,5%.
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Federal Reserve also announced that interest rates will be reduced from this month. The Federal Reserve has also announced interest rate cuts from this month. SOL’s price may rise to $140 at the end of January in this scenario.
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Source: watcher.guru
