SOL Price Prediction: Targeting $240 by Month-End as Technical Setup Signals 25% Upside Potential

Solana has emerged as one of the strongest players in the current crypto market cycle, with SOL price prediction models pointing to significant upside potential in the coming weeks. Trading at $227.69 with a daily gain of 2.27%, SOL appears positioned for a break towards the $240-250 resistance zone.

SOL price forecast overview

• SOL short term objective (1 week): $238-242 (+4.5% to +6.3%) • Solana medium-term forecast (1 month): Range $240-255 (+5.4% to +12%) • Key level to break for bullish continuation: $248.57 (immediate resistance) • Critical support if bearish: $216.18 (50-day SMA)

Recent Solana Price Predictions from Analysts

The latest Solana forecast from multiple analysts shows notable convergence around the SOL price target of $240. 30Rates expects SOL to reach $240 on October 31, citing a monthly trading range between $195-289 with an average price of $234. This closely matches Changelly’s SOL price forecast of $233.33 for near-term moves.

The consensus among analysts suggests a average confidence bullish outlook, with CryptoPredictions.com offering a more conservative December target of $202.69. However, the most optimistic long-term view comes from BitScreener, which projects a SOL price target of $340.07 by the end of 2026, representing a potential gain of almost 50% from current levels.

What is particularly notable is the consistency in the short-term forecasts, with three separate sources targeting the $230-240 range within the next three to four weeks.

SOL Technical Analysis: Preparing for a Bullish Breakout

Solana’s technical analysis reveals a compelling setup for sustained upside momentum. SOL is currently trading above all major moving averages, with the 7-day SMA at $229.14 providing immediate support. The ascending moving average pattern (SMA 200: $171.14 → SMA 50: $216.18 → SMA 20: $220.96) confirms the underlying bullish trend structure.

Key technical indicators that support SOL price prediction:

The MACD histogram at 0.4715 indicates that there is building bullish momentum, while the RSI at 53.74 is comfortably in neutral territory, leaving room for further upside without being overbought. The Bollinger Bands position at 0.63 shows that the SOL is in the upper part of its recent range, but not yet at extreme levels.

Volume analysis from Binance shows a robust $695 million in 24-hour trading, providing enough liquidity to support the expected move towards our SOL price target. The Average True Range of $11.87 indicates normal volatility levels, indicating that the market is not experiencing unusual stress.

Solana Price Objectives: Bull and Bear Scenarios

Bullish case for SOL

The primary SOL price target is at $248.57 (immediate resistance), with a secondary target at $253.51 (strong resistance). A break above $248.57 would likely trigger algorithmic buying and push SOL towards the $253-255 zone, which represents the top end of our Solana forecast range.

For this bullish scenario to unfold, SOL must hold support above the $224.44 pivot point while volume remains above the 20-day average. The proximity to the 52-week high at $247.50 creates an interesting dynamic where a break above this level could generate significant momentum.

Bearish risk for Solana

Downside risks arise if SOL fails to hold the $220.96 support level (20-day SMA). A break below this zone would target $216.18 (50-day SMA), and further weakness could extend towards $190.80 (immediate support).

The most worrying bearish scenario would involve a breakdown below $190.80, which could lead to a deeper correction towards the strong support level at $176.04. This would negate the current bullish SOL price forecast and suggest a potential decline of more than 20%.

Should you buy SOL now? Access strategy

Based on Solana’s current technical analysis, the answer to the question ‘buy or sell SOL’ is optimistic with good risk management. Optimal access points involve:

Primary input: Range of $224-227 (current pivot area)
Secondary access: $220-222 on each pullback to the 20-day SMA
Stop loss: $215 (less than 50 days SMA)
Take profit objectives: $240 (Conservative), $250 (Aggressive)

The position sizing should take into account the daily volatility range of $11.87, which suggests a portfolio allocation of 3-5% for a moderate risk tolerance. The risk-reward ratio of approximately 1:2 makes this an attractive setup for medium-term traders.

SOL Price Prediction Conclusion

The convergence of technical indicators and analyst forecasts supports a medium to high confidence SOL price forecast targeting $240 within the next 3-4 weeks. The current Solana forecast suggests 5-12% upside potential with manageable downside risk below $215.

Important indicators to monitor:
– Daily close above $224.44 pivot – MACD momentum remains above signal line – Volume confirmation of any breakout attempts – Bitcoin correlation and general crypto market sentiment

The forecast timeline expects an initial move towards $238-242 within a week, followed by a potential test of the $250 zone by the end of the month. If support at $220 is not obtained, the bullish thesis would have to be reassessed and the timeline of the Solana forecast could be delayed by several weeks.

This SOL price prediction has a 75% confidence level based on current technical alignment and analyst consensus, making it one of the more reliable crypto forecasts in the current market environment.

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