Solana Price Inches Closer to Record High, Polymarket Users Predict Continued Gains
Solana’s price has surged this month, bringing it near its peak since January. Many investors believe it coudl soon reach its all-time high.
The coin climbed steadily over six days, peaking at $240. This marks a considerable increase from earlier in the year, with its market cap soaring to over $126 billion.
polymarket users reflect this optimism. In a poll with over $800,000 invested, there’s now a 57% chance Solana will hit a new high this year.These odds have grown from just 19% in June,showing strong bullish sentiment.
- Solana ETF approval odds are now over 90%,suggesting important investor interest.
- The upcoming Alpenglow upgrade promises enhanced features, boosting network speed dramatically.
- Federal Reserve rate cuts next week may further encourage investment in riskier assets like cryptocurrencies.
Technical indicators also paint a promising picture. the SOL price has shown robust upward movement in recent months, starting from a low of $95.
The Average Directional Index,which measures trend strength,is at 28—its highest since early August. Meanwhile, the Relative Strength Index has reached 70, indicating a powerful upward trend.
Given these factors, analysts predict the token could climb to $295, its previous high. Success here might even push it past $300.
