Solana (SOL) has exhibited a bullish bias for most of 2024, with the decentralized finance (DeFi) token surging over 170% in the last six months.
Amid bullish sentiments primarily driven by increased activity on the Solana blockchain, the $200 price target has become a key goal for the asset. Investors believe that reclaiming the $200 mark will pave the way for another all-time high.
To determine the next SOL price trajectory, Finbold consulted artificial intelligence (AI) that leverages machine learning algorithms from CoinCodex to gather insights into the asset’s potential valuation at the end of the month.
According to data retrieved on June 2, the tool predicted that SOL will likely trade at $188.59 on June 30, reflecting an increase of almost 15% from the current price.
Solana price prediction. Source: CoinCodex
Technical analysis take on Solana’s price
In addition to the AI price projection, analysts at Vantage Markets shared insights into key price levels to w
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