Solana (SOL) has confronted a big value correction over the previous few weeks. The asset is down by 1.7% within the day by day charts, 9.4% within the weekly charts, and eight.6% within the 14-day charts. Nevertheless, the asset continues to be up 22.5% over the earlier month and 753.5% since April 2023. SOL was among the many best-performing cryptocurrencies of 2023 and has maintained most of its beneficial properties from final 12 months.
With Bitcoin’s (BTC) halving simply across the nook, we could witness some value motion over the following few weeks. If BTC reclaims its all-time excessive following the halving occasion, SOL can also witness a surge in costs.
Solana (SOL) mid-April value prediction
In line with CoinCodex, SOL’s value could consolidate at present ranges. The platform anticipates SOL to proceed buying and selling at round $173 until mid-April. Nevertheless, CoinCodex predicts SOL to breach the $200 mark by early Could, reaching $200.24 on Could 5, 2024. Hitting $200.24 from present ranges would translate to a development of about 15.69%.
Changelly, alternatively, paints a bearish image for Solana (SOL) for mid-April. The platform predicts SOL to drop to $156.44 by Apr. 16, 2024. Falling to $156.44 from present ranges interprets to a drop of about 9.62%. Moreover, Changelly anticipates SOL to commerce at $162.66 on Could 5, 2024.
Telegaon is bullish on Solana (SOL) for 2024, predicting the asset to surpass its 2021 peak of $259.96. The platform anticipates SOL to hit a most value of $305.16 in 2024. Nevertheless, Telegaon doesn’t make clear the month when SOL may attain this goal. Hitting $305.16 kind present ranges would translate to a development of about 76.3%.
