The cryptocurrency market appears to be present process one other slight correction. Bitcoin (BTC) has retraced to the $59,000 stage, and the worldwide market cap has fallen 2.7% in 24 hours to $2.2 trillion. Solana’s value prediction is comparable.
Solana (SOL) additionally follows the market pattern, falling 3% within the each day charts, 2.5% within the weekly charts, 6.9% within the 14-day charts, and practically 20% over the earlier week. On this value prediction article, let’s learn how excessive SOL can go in September 2024.
SOL September 2024 Value Prediction
CoinCodex Prediction
In accordance with the value prediction by the researchers at CoinCodex, Solana (SOL) will consolidate round its present value stage for the rest of this month earlier than breaking right into a rally in September.
The platform predicts SOL to hit a excessive of $161.39 subsequent month, which it could attain on Sept. 12, 2024. Reaching $161.39 from present value ranges would translate to a rally of about 13.67%.
Changelly Prediction
Changelly analysts additionally current an analogous forecast for Solana (SOL). The platform anticipates SOL will proceed buying and selling round present costs for the remainder of August earlier than rallying in September. Changelly researchers predict SOL to hit $167.65 on Sept. 19, 2024. Reaching $167.65 from present ranges would translate to a rally of over 18%.
Can the Asset Go Any Larger?
Brazil’s regulator lately permitted one other spot for the SOL ETF within the nation. The event may result in a surge in inflows into the asset. Launching 11 spot BTC ETFs within the US led to a big rally for Bitcoin earlier this 12 months. An identical sample may emerge for Solana as effectively.
If the cryptocurrency market enters one other bullish part, we might witness extra tailwinds for SOL, which may take the asset greater than forecasted.
