Solana Price Prediction as SOL Spikes Up to $115 – New All-Time High Possible?

cryptonews.com:

The Solana price has jumped by 9.5% in the past 24 hours, rallying to $115 after rising Bitcoin ETF volumes helped push the crypto market towards a 5% gain today.

another yuge day for the ETFs

almost 500m inflow

h/t @FarsideUK for the data pic.twitter.com/8zuhZjfK2E

— #333kByJuly2025 (@CarpeNoctom) February 13, 2024

SOL has now risen by 19% in a week and by 17.5% in the last 30 days, with the altcoin also sitting on a 450% increase since this time last year.

Such is SOL’s momentum that the coin is likely to make more gains in the coming days and weeks, particularly as the wider market remains in a bullish phase.

As for whether it can reach a new all-time high this year, this will depend on whether the Solana blockchain can avoid a repeat of last week’s outage.

SOL’s chart continues to indicate very strong momentum, while also leaving room for further gains in the near term before the coin firmly enters overbought territory.

Its relative strength index (purple) is about to touch 70 today, after spending a month and a half near (or even below) 50, with this improvement likely to continue at least until it reaches 80 or higher.

At the same time, SOL’s 30-day average (yellow) has begun rising at a higher angle, putting even more distance between itself and the 200-day average (blue).

This all underlines the fact that SOL (like much of the market) is in the middle of an expansionary phase, and after 2022 and early 2023, such a phase could continue for a while yet.

Indeed, SOL’s support level (green) suggests that the coin is going to maintain and consolidate its recent movements, with few signs of an incoming correction or crash.