Here’s when Solana will reach $620, according to analyst
Solana (SOL) could be poised to climb as high as $620 in the coming months, according to a trading analyst who also sees the potential for the DeFi asset to rally all the way to $1,000. This bullish outlook comes as SOL recovers from a dip on June 6, when it touched the weekly low of $141. As of press time, the token was trading at $149.52, down 1.5% over the past 24 hours. SOL one-week price chart. Source: Finbold Solana is facing short-term bearish pressure, with the price lingering below the 50-day simple moving average (SMA) of $161 and the 200-day SMA at $164.19. A decisive break above the 200-day SMA could confirm a trend reversal and ignite renewed bullish momentum. The 14-day relative strength index (RSI) is 40.14, indicating mild bearish pressure without entering oversold territory. SOL’s path to $620 From a technical standpoint, analyst Master Ananda shared a TradingView post on June 6 outlining a potential path for SOL to reach $620, with a min...