š Solana to $500? VanEckās Bold Price Prediction for $SOL
Amid the ongoing consolidation in the cryptocurrency landscape, asset management giant VanEck has made a bold prediction for Solana (SOL). This forecast has captured widespread attention from the global crypto community, particularly as it comes during a period when SOL has been struggling consistently.
šø VanEck Predicts $500 for Solana
In a recent post on X (formerly Twitter), VanEck stressed that the crypto bull market is expected to reach a medium-term peak in Q1 and set new highs in Q4 of 2025. The post also noted that during this bull run, Solanaās (SOL) price could hit a new high of $500.
š¬ VanEck10 Crypto Predictions for 2025Prediction #1: Crypto bull market hits a medium-term peak in Q1, sets new highs in Q4. We project Bitcoin to be valued at around $180,000, Ethereum to trade above $6,000, Solana to exceed $500, and Sui to surpass $10.ā VanEck
This prediction appears achievable, as SOL is poised for a massive rally, having formed a bullish price action pattern.
šø Solanaās (SOL) Bullish Breakout Levels to Watch
According to expert technical analysis, SOL has been consolidating for over three weeks and has formed a bullish flag-and-pole price action pattern on the daily timeframe. A flag-and-pole is a price action pattern that traders and investors use to build long positions over different time periods if the price breaches or breaks out of the pattern.
However, SOL appears to be struggling to break out of this pattern. According to technical analysis, if SOL successfully breaks out and closes a daily candle above the $236 level, there is a strong possibility it could soar by 70% to reach the $415 level in the coming days.
Additionally, SOLās Relative Strength Index (RSI) is currently near the oversold region, indicating that the asset is poised for upside momentum.
This bullish thesis will remain valid only if SOL breaks out of this price action pattern and closes a daily candle above the $236 level; otherwise, it may fail.