The cryptocurrency market appears to be recovering from the current 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 development, rallying 2.6% within the day by day charts and 1% over the earlier week.
Regardless of the slight rally, SOL remains to be down by 6.8% within the 14-day chart and seven.8% over the past month. On this worth prediction article, let’s discover how excessive SOL’s worth would possibly go over the approaching weekend.
SOL Worth Predictions And Market Evaluation
Changelly’s SOL Worth Prediction
In line with Changelly knowledge, Solana (SOL) may dip to $132.19 on Sunday, Sept. 15, 2024. A fall of about 1.97% would outcome. Regardless of the bearish outlook, Changelly analysts anticipate SOL rising to the $140 degree by the tip of the month.
CoinCodex’s SOL Worth Prediction
CoinCodex analysts, then again, 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 acquire momentum over the subsequent few weeks and breach the $140 degree by the tip of the month. The platform predicts SOL will hit $143.37 on Sept. 30, 2024.
Market Atmosphere And Potential Influence On SOL Worth
Given a beneficial market atmosphere, Solana’s (SOL) worth may climb increased 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, similar to cryptocurrencies. In such a state of affairs, SOL’s worth may go increased than $140 by the tip of this month.