A bullish consensus is building around Solana (SOL) as two analysts note that the altcoin is headed to $300. This Solana price breakout may be supported by a looming short squeeze as $230 million short positions risk liquidation at $180. SOL value today trades at $174 with a modest 0.8% decline. Trading volumes had surged by 20% to $3.48 billion per CoinMarketCap data. In the last 24 hours, SOL price has fluctuated between a daily low of $174 and a daily high of $178. SOL/USDT: 1-Hour Chart Analysts Forecast Solana Price Rally to $300 Analyst Henry on X notes that the price of Solana is on its way back to $300. He observed that SOL was currently trading within a consolidation range, which signals accumulation before the next explosive move towards $300. In his analysis, Henry added that the volume profile indicator shows that trading volumes were notably high at… Read More at Coingape.com
The post Analysts Set $300 Solana Price Target as $230M Short Squeeze Looms appeared first on CoinGape.
