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Solana Price Prediction: Can SOL Hit $150 After the Stock Market’s $3.5T Surge?
The recent surge in the global stock market, exceeding $3.5 trillion, has sparked renewed interest in cryptocurrency markets. Solana (SOL), one of the top-performing cryptocurrencies in 2024, is now poised at a critical juncture. As it approaches key Fibonacci retracement levels, analysts are divided on the potential for SOL to break through previous highs and potentially reach $150.
Key Levels Come into Focus
Solana’s current price action has brought it perilously close to the 50% and 62% Fibonacci retracement zones at $122-$124. If SOL can defend this region and maintain momentum, it could set the stage for a more significant move higher. According to some analysts, failure to hold these levels would lead to an extended correction.
The implications of such an event are far-reaching, as it could fundamentally shift the Solana price prediction landscape.
Source: https://bravenewcoin.com/insights/solana-price-prediction-can-sol-hit-150-after-the-stock-markets-3-5t-surge
