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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Analyst: Benefiting from the PumpFun ICO, the SOL price may reach $300 before August.
ChainCatcher news, according to Cryptonews, analysts expect the price of Solana (SOL) to reach $300 before August, primarily due to the recent bullish chart patterns and the $500 million on-chain liquidity raised by the PumpFun ICO. Currently, the trading price of SOL is $163.43, which has risen by 12.87% in 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 weekly chart of SOL/USDT indicates a potential bullish reversal, with the price having risen and trading above the 89-week EMA. Analysts point out that if SOL can maintain above the support level of 145 to 155 USD, it could rise to the range of 200 to 250 USD in the future.