Analyst: SOL Price Could Reach $300 Before August Thanks to PumpFun ICO
According to ChainCatcher, as reported by Cryptonews, analysts expect the price of Solana (SOL) to reach $300 before August, mainly driven by recent bullish chart patterns and $500 million in on-chain liquidity raised through the PumpFun ICO.
Currently, SOL is trading at $163.43, up 12.87% over the past 30 days, with a market capitalization of $87.65 billion, solidifying its position as the sixth-largest cryptocurrency in the market.
Technical analysis shows that the SOL/USDT weekly chart indicates a potential bullish reversal, with the price rebounding and trading above the 89-week EMA. Analysts note that if SOL can hold above the support range of $145 to $155, it could rise to the $200 to $250 range in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NEAR Protocol trading volume rose 66.8% to $10.41 billion in Q3 2026
Dow Jones Industrial Average rises on earnings, cheaper Crude Oil
Mining industry entering largest investment supercycle in history, Canada’s energy minister says
US artificial intelligence affairs chief: Recommendations for the responsible development of AI will be released soon
On Tuesday, Jay Clayton, Director of National Intelligence and Head of Artificial Intelligence Affairs in the United States, was asked during an interview when recommendations regarding AI would be made. He responded: "We will be rolling them out," but added that he could not commit to an exact date. On October 16, the newly established AI Special Task Force led by Jay Clayton under the Trump administration held its first meeting, with the task force officially operating for a term of 120 days.
Crypto prices
More
