According to Cryptonews, analysts expect the Solana (SOL) price to reach $300 before August, mainly due to recent bullish chart patterns and the $500 million on-chain liquidity raised by PumpFun ICO.
Currently, SOL is trading at $163.43, up 12.87% over the past 30 days, with a market capitalization of $87.65 billion, consolidating its position as the sixth-largest cryptocurrency in the market.
Technical analysis shows that the SOL/USDT weekly chart indicates a potential bullish reversal, with the price rebounding and trading above the 89-week EMA. Analysts point out that if SOL maintains support above the $145 to $155 range, it could potentially rise to the $200 to $250 range.
