Solana Price Forecast: SOL could rally nearly 12% to test August high

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Solana Price Forecast: SOL could rally nearly 12% to test August high
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Solana (SOL) gains on Wednesday, trades above $154 at the time of writing.

Solana price today: $154.55 Solana price gains slightly on Wednesday, hovers around $155. Solana recently shared details of its developer bootcamp. SOL could test $160 resistance and rally toward the August peak of $172.91. Solana gains on Wednesday, trades above $154 at the time of writing. SOL token has traded within a range between the March 18 peak of $210.18 and the August 5 low of $110 for six consecutive months. SOL faces key resistance at $172.

On-chain indicators, active addresses and new addresses on the SOL blockchain continue to climb, according to data from the Block. Throughout October 2024, both metrics have climbed, signaling higher demand and activity on the Solana blockchain. Number of new addresses on the Solana network Number of active addresses on the Solana network Solana Price Forecast: SOL eyes nearly 12% gain to August peak Solana has been in an uptrend since October 2023.

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