Can SOL reach new highs in the coming weeks?

A crypto analyst, Jelle, highlighted Solana’s performance. He noted its resemblance to price trends seen in February and March earlier this year. This trend, coupled with the analyst’s positive outlook, has sparked discussions about the possibility of SOL reaching new highs in the coming weeks.

At Jelle’s Tweeter summed up the sentiment succinctly: “SOL still closely follows the February-March pattern. Rising quietly while everyone pays attention to Bitcoin and ETH. New highs are expected in the coming weeks.

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Solana Price Predictions

According to Changelly, Solana price technical analysis for 2024 paints an optimistic picture. The expected minimum cost of Solana is expected to be $111.45, while the maximum could reach $161.08. The average price is expected to hover around $210.71, indicating potential for big gains.

For June 2024 specifically, crypto experts have provided more detailed predictions based on price fluctuations from the beginning of the year. The average SOL rate is expected to be $186.11, with minimum and maximum prices expected at $171.70 and $200.51, respectively. These numbers suggest a continued upward trajectory for Solana, which is consistent with Jelle’s optimistic outlook.

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Solana’s recent performance is particularly notable against the backdrop of a market heavily influenced by the activities of Bitcoin and Ethereum. While these top cryptocurrencies grab headlines and attract significant trading volumes, Solana’s more muted growth trajectory could attract investors looking for opportunities outside the spotlight.

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