The cryptocurrency market appears to be recovering from the latest dip. Bitcoin (BTC) has reclaimed the $58,000 degree. The worldwide crypto market cap has additionally risen 1.2% within the final 24 hours to $2.14 trillion. Solana (SOL) additionally follows the restoration pattern, rallying 2.6% within the each day charts and 1% over the earlier week.
Regardless of the slight rally, SOL continues to be down by 6.8% within the 14-day chart and seven.8% during the last month. On this worth prediction article, let’s discover how excessive SOL’s worth may go over the approaching weekend.
SOL Value Predictions And Market Evaluation
Changelly’s SOL Value Prediction
In line with Changelly information, Solana (SOL) may dip to $132.19 on Sunday, Sept. 15, 2024. A fall of about 1.97% would end result. Regardless of the bearish outlook, Changelly analysts anticipate SOL rising to the $140 degree by the top of the month.
CoinCodex’s SOL Value Prediction
CoinCodex analysts, alternatively, predict SOL will climb to $135.17 on Sunday, Sept. 15, 2024. Hitting $135.17 from present ranges will entail a rally of about 0.24%.
CoinCodex analysts additionally anticipate SOL will achieve momentum over the subsequent few weeks and breach the $140 degree by the top of the month. The platform predicts SOL will hit $143.37 on Sept. 30, 2024.
Market Surroundings And Potential Impression On SOL Value
Given a beneficial market atmosphere, Solana’s (SOL) worth may climb larger than forecasted. Inflation within the US got here in at 2.5% in August, decrease than expectations.
The Federal Reserve has additionally introduced rate of interest cuts from this month. Each developments may result in a spike in dangerous investments, equivalent to cryptocurrencies. In such a state of affairs, SOL’s worth may go larger than $140 by the top of this month.
