Solana Price Prediction: SOL Hits $142 Daily High—Can It Surge Past $160 by March?
The post Solana Price Prediction: SOL Hits $142 Daily High—Can It Surge Past $160 by March? appeared on BitcoinEthereumNews.com.
Solana (SOL) continues to gain traction, surging to a daily high of $142 as investor sentiment turns bullish. The latest Solana news indicates that SOL has been rallying steadily, fueled by a combination of technical breakouts and macroeconomic factors. Analysts are now eyeing a potential move past $160 in the coming weeks. White House Tariff Policy Sparks Market Rally The broader cryptocurrency market, including Solana, received a boost from reports suggesting that the White House is scaling back its initial tariff plans set to take effect on April 2. According to recent Solana news, this easing of economic pressure has bolstered investor confidence, pushing Bitcoin above $87,000 and lifting altcoins like Solana. Solana (SOL) was trading at around $132.80, up 3.33% in the last 24 hours at press time. Source: Brave New Coin A report from the Wall Street Journal indicates that President Trump’s proposed reciprocal tariffs will still take effect, but sector-specific tariffs on automobiles, pharmaceuticals, and semiconductors may not be included. “The White House didn’t respond to requests for comment on if or when any of those tariffs are still planned to go into effect,” the report noted. This development has injected fresh optimism into risk assets, with Solana news reflecting the broader rally. Solana’s Technical Breakout Signals Further Upside Technically, SOL has broken out of a downtrending trendline, a strong bull sign. The recent Solana news release means that the breakout has occurred at high volume and with a positively trending Relative Strength Index (RSI), which is a sign of waning bearish momentum. The recent price breakout fuels optimism for Solana’s short-term retest of $160. Source: Mindfullylost on TradingView “If SOL is to keep on its present trend, a 15% move to the $160 resistance mark is inevitable,” a market expert recently said in Solana price news.…
Filed under: News - @ March 24, 2025 7:25 pm