The post Top Expert Predict Timeline for Solana to Surge 2x to 5x appeared on BitcoinEthereumNews.com.

Solana is primed for a breakout by having a narrow consolidation range, said market analyst Edward. Powered by such factors, the token price might witness a 2x to 5x growth by the end of 2025 Industry experts claimed that due to organic growth and one of the top positions in the DeFi ecosystem, the value of SOL can significantly grow.  Solana Poised for Breakout, Expert Predicts 5x Price Surge. Seasoned crypto traders forecast that the Solana price could surge from double the price to as much as five-fold. SOL holders keep their fingers crossed for a continuous bull run that might send the altcoin up to previously unreachable levels and push its price way over $150. Around 2025, the platform should play a bigger role and be more adopted inside the blockchain environment. In an analysis on TradingView, Edward said that even though SOL was showing some uncertainty, a breakout from this range could be seen anytime soon, setting up the stage for its next major trend. At the time of writing, the SOL price has moved between $143.33 and $144.88, with a rise of 5.34%. Technical indicators and general market developments broadly enable this price behavior. Credit: TradingView According to the analyst, SOL sideways movement has established a clear trading range, with the price repeatedly testing both support and resistance levels. Traders are now eyeing a potential breakout, either upward or downward. Edward highlights that SOL trades below the 34-period and 89-period exponential moving averages (EMAs), signaling a slightly bearish short-term momentum. However, if SOL breaks above these critical EMAs, a shift in market sentiment could occur. Edward outlines two possible scenarios: A bullish breakout above $144.70 could propel SOL toward the next resistance at $150.54, while a bearish move below $143.33 may trigger a pullback to $137.25, forming…

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Filed under: News - @ October 11, 2024 10:25 pm