Analyst Says Solana Price Could Rise 450% To $840 – Here Are The Drivers

Source Newsbtc

Solana has undoubtedly been one of the winners of this cycle after rallying over 1,000% in one year. Furthermore, the push upward was accelerated by multiple viral meme coins on the Solana blockchain reaching billion-dollar market caps during the last year. While the SOL price was affected in the market-wide crash that rocked crypto in the month of June, its bullish momentum has been far from eroded as predictions continue to pour in, expecting the SOL price to beat its 2021 all-time high.

Solana Primed For Upward Move

A pseudonymous crypto analyst who goes by ‘NoLimit’ on the TradingView website has presented a bullish scenario for the Solana price. This bullishness stems from a number of developments both on the SOL chart and in the general crypto market.

For the Solana price, the crypto analyst explains that there is a massive cup and handle formation brewing on the chart. This formation is important as it is historically bullish and appeared back in 2021 when the Solana price hit its current all-time high above $250.

Furthermore, the crypto analyst also points to the Fibonacci extension, which suggests that the SOL price is headed for a new all-time high. This extension points to SOL climbing to $550 and even as high as $840, which would be a 450% move from its current value.

When it comes to market-wide bullishness, the crypto analyst pints to the Spot Ethereum ETFs as being another reason why the Solana price is headed for a new all-time high. The expectation that the Spot Ethereum ETFs will begin trading soon has already begun to propel price, with analysts predicting it will send the ETH price as high as $5,000.

SOL Sees Increased Buying Pressure

On its own, the Solana cryptocurrency is doing quite well so far. According to data from the on-chain token tracking website Coinmarketcap, the SOL daily trading volume is up more than 13% in the last day to bring its trading volume above $2 billion.

Given that the price has been rising in the last day, this suggests that the Solana price is seeing buying pressure, something that is bullish for the coin in the long run. Now, if this buying pressure continues, then the altcoin could be seeing a new all-time high soon.

Presently, the SOL price is trending just above $151, enjoying 4.59% gains in the last day. On the weekly and monthly charts, the price is up 7.22% and 5.08%, respectively.

Solana price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Strong profits, falling shares: bank earnings day one meets a memory-chip rout — with CPI and ASML aheadGoldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.
Author  Irene Q.
Oct 14, Wed
Goldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.
placeholder
US September CPI recap: inflation hits 3.7% as core runs hot — is an October Fed hike back on the table?September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
Author  Irene Q.
Oct 15, Thu
September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 16, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 16, 2026. Read on for the details.
Author  Mitrade
Oct 16, Fri
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 16, 2026. Read on for the details.
placeholder
Gold Price Forecast: Why Did Gold Rebound After September PPI Rose by Most in Nearly Four Years? As of the European session on October 16, gold prices (XAUUSD) extended their rebound, with the latest price trading near $4,185, up about 0.4% on the day. Gold prices had previously drop
Author  TradingKey
Oct 16, Fri
As of the European session on October 16, gold prices (XAUUSD) extended their rebound, with the latest price trading near $4,185, up about 0.4% on the day. Gold prices had previously drop
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 19, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.
Author  Mitrade
6 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.
goTop
quote