Solana Price Prediction as Popular YouTuber says SOL Will Reach $750 Before 2025
The Solana price has gained by 1.5% today, rising to $96.64 as the crypto market as a whole sees a 0.5% increase in the past 24 hours.
Despite this, SOL remains down by 5% in a week and by 17% in a fortnight, although the altcoin continues to sit on a very healthy 32% gain in a month.
And such gains come as a popular YouTube analyst, Jake Gagain, has predicted that the Solana price will push towards $750 before the end of 2024.
This is a bold claim, but with SOL still enjoying plenty of momentum and improving fundamentals, the coin is certainly due to continue rising.
SOL’s chart is gradually beginning to look more positive after a few weeks of corrections, although it may still take some time for the coin to see big bounces.
Its RSI (purple) has just scaled above the 50 level, showing a modest increase in demand and buying pressure, one which could continue for the rest of the week.
Its 30-day moving average (yellow) has also been climbing further beyond its 200-day average (blue) over the past few days, another sign that SOL remains more of a ‘buy’ right now than a ‘sell.’
Indeed, SOL’s support level (green) remains considerably strong, implying that any further losses from here on out won’t be that large.
At the same time, SOL’s 24-hour trading volume still stands at $1.8 billion, a level which indicates sustained healthy interest in the token.
Such interest is also indicated by recent transfers, with several large amounts of SOL moving between unknown wallets in recent days.
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