Key Takeaways
- Solana’s price trades around $135 following a market crash as price struggles to build momentum to the upside.
- Crypto experts predict the price of altcoins could see a relief bounce to the upside in the coming days as BTC eyes a rally to $107k
- A short-term target for SOL could be around $170, serving as key resistance as price continues in a range-bound price action.
The price of Solana (SOL) has struggled in Q3, crashing from its high of $250 to a key low of $130 amid negative market sentiment for a further market crash, possibly towards $100.
Following BTC’s price crashing towards $80k for the first time in months, altcoins have struggled to show bullish price action to the upside as the market trades in a range, and such price action could persist towards the end of the year.
Despite looking for a potential market rebound to the upside, Solana has found its price trading in a range for the past few weeks, as the price could potentially breakout either to the upside or downside.
Where could the price of SOL be headed in the next few weeks? Could the price rally towards $170 or crash again to $100?
Crypto Market Sentiment
The crypto market continues to trade in a range due to low liquidity following the BTC price crash in the past few weeks, which was the largest in recent history, affecting overall market sentiment.
With the market lacking strong volume to the upside, this has limited Solana’s price action to a range for weeks now, as the price has struggled to trade above $150. A strong breakout for Solana towards $150 could potentially see the price resume its bullish rally towards $170.
Will the price of SOL meet expectations and possibly reach $200 before the end of the year?
Solana (SOL) Price Analysis
Source – Solana Price Analysis
The price of SOL maintained a downtrend from its high of $250, as it failed to build a bullish structure to the upside, allowing bears to dominate the price towards its key monthly low of $130. The price had to show some strength around this region.
Solana rebounded from a region of $130 towards $142 as the price has struggled trading in a range for the past few weeks. If price is to resume its bull rally, it needs to break out towards $150 with strong volume, as it could aim for $170.
However, if the price trades below $120, we could see it move toward $100, which could affect market sentiment around Solana’s price action. Overall price action remains in a range as the market seeks direction.
FAQs
How much will be 1 Solana in 2030?
The price of the crypto asset could trade above $700 in 2030.
How high can Solana go in 2025?
The market is expected to see a short-term price rally, including altcoins, as the price of the crypto asset could potentially rally toward $170.
Is Solana expected to go up?
A short-term price gain for the crypto asset looks more ideal, considering the price has been in a range for weeks now.
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