Here’s When Solana Will Reach $620, According to Analyst
Solana (SOL) might be poised to climb as high as $620 in the coming months, according to a trading analyst. This bullish outlook comes as SOL recovers from a dip on June 6, when it touched the weekly low of $141. As of press time, the token was trading at $149.52, down 1.5% over the previous 24 hours.
Solana is facing short-term bearish pressure, with the price lingering below the 50-day simple moving average (SMA) of $161 and the 200-day SMA at $164.19. A decisive break above the 200-day SMA could verify a trend turnaround and ignite renewed bullish momentum.
The 14-day relative strength index (RSI) is 40.14, showing moderate bearish pressure without entering oversold territory.
SOL’s Path to $620
From a technical perspective, expert Master Ananda shared a TradingView post on June 6 outlining a potential course for SOL to reach $620, with a minimum target of $420 and a prolonged high of $1,020. According to the forecast, the digital asset might hit the $620 mark by January 2026, a 316% increase from its current price.
Finally, the trading expert warned against shorting during a bullish trend, advising instead to wait for support levels before entering long positions.
Solana Fundamentals
On the other hand, Solana’s broader ecosystem continues to show noteworthy momentum. Market attention is focused on the U.S. Securities and Exchange Commission’s (SEC) decision regarding Solana exchange-traded fund (ETF) applications. Some skepticism remains, with banking giant Standard Chartered questioning Solana’s long-term sustainability.
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