Recent data indicates that Solana (SOL) has recovered 5% from a one-month low of 175 USD, reaching 184.88 USD despite a 2% decline in the overall market, suggesting resilience and growth potential.
The relative strength index for SOL shows increased buying pressure, rising from 30 to above 50, alongside key averages converging, indicating a strong potential for a bullish reversal in the coming months.
Analysts project Solana may reach 900 USD by mid-2025, driven by favorable market conditions and a pro-crypto regulatory environment under the upcoming Trump administration.