Solana’s (SOL), a small recovery over the past weekend, but it did not surpass $140. In the chart of the day, the asset is down 2.7%. Over the past month it has dropped by 4.7%. SOL, despite its dip in price, is still up 1.9% weekly and 0.1% 14-day charts.
The weekend rally was likely fuelled by Bitcoin’s (BTC) brief rise to the $60,000 level. In the meantime, Bitcoin has dropped to about $58,000. In this price prediction article, let’s explore how high SOL may go this week.
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SOL Weekly Prediction Price
CoinCodex Analysis
The analysts of CoinCodex predict that Solana may consolidate this week. According to the platform, the asset is expected to remain at the same levels until Friday 21st September 2024, when it will reach $131.80. CoinCodex anticipates SOL’s rally to continue next month and breach the $150 mark by mid-October.
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Changelly Prediction
Researchers from Changelly expect a modest rally in SOL for this coming week. According to the platform, the asset is expected to hit the $136 level and remain there. A rise of almost 3% will be seen if the asset reaches $136.
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SOL price is affected by market factors
Solana’s (SOL), given the Federal Reserve announcement of interest rate cuts in this month, may be higher than anticipated this week. Investors may increase their risky investments as a result of an interest rate reduction. Other cryptocurrencies could follow BTC’s trajectory if it breaches the $60k level.
A price consolidating trend may also continue if, on the other hand the market fails to respond to the cut in interest rates. SOL might continue to be traded below $150 in such a scenario.
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Source: watcher.guru
