Solana price forecast: Traders estimate the possibility of its price rising by 40%
A prominent trader expects Solana's price to rise by 40% imminently; In a post on the TradingView website, the ATradeSniper account holder said that Solanaâs price could rise again to retest the $200 level after its movements breached the pennant technical pattern in the downward direction above.
Other traders' expectations also seemed positive about the near future prospects of the Solana coin; The account of a popular cryptocurrency analyst known as MancBTC stated, âSolanaâs price movement chart is currently the most positive after that of Bitcoin (Bitcoin-BTC).â
The Mac account also indicated that the SOL coin maintained an improvement in its volume-weighted average annual trading (VWAP) indicator, coinciding with the prosperity of its technical system and the increasing popularity of meme currencies based on it. Therefore, MancBTC also believes that the SOL price is preparing for a 40% rally and exceeds the $200 level again. Another analyst with an account called ColdBloodShill urged his followers to ignore technical analyzes derived from short time frames and focus on their long-term counterpart.
