Solana (SOL) Price Prediction 2025-30: Can SOL reach $28 in 2023?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

The recovery of Solana (SOL) from $8 to reach $26.6 took nearly a month. In the four weeks that followed, Solana traded within a range from $20 to $27. Currently, SOL is trading at $21.02, just above this level of resistance. 

Read Price Prediction for Solana [SOL] 2023-24

Solana’s current market cap is 7,962,453,468. Investors can look to take profits on Solana in case of a move up to $28 and wait for a significant pullback to buy.

Solana has remarkably recovered from the losses it posted in November and December 2022, especially for a multibillion-dollar market-cap asset. How it is able to escape the current fall will determine how well it performs in the next few days.

Its increasing popularity can be assessed by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon. He did so when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year. 

Source: Twitter

American singer Jeson Derulo tweeted about his excitement for the token last year, saying that he betted on Solana and enjoyed the ride.

Solana has raised around $335.8 million over 9 funding rounds, with Alameda Research, Andreessen Horowitz and Polychain being its leading investors.

The current year so far has, however, proven to be highly volatile for all cryptocurrencies, and Solana didn’t escape this brunt either. So far, its maximum price this year has been $136.38, dated 3 April. Solana’s blockchain was recently hacked and thousands of users reported losing their funds worth around $8 million.

At the time