Solana recently broke out of a downward trend that lasted several months, igniting hope for a potential reversal of the harsh cryptocurrency downturn. SOL’s value has been slowly diminishing since reaching a peak of approximately $126 in the middle of December. The cryptocurrency SOL experienced a rebound from around $80 and has recently surpassed the $100 mark. According to CoinMarketCap, SOL has slipped below its previous support at $413, declining by 6%, and is currently being traded at $93. Additionally, look into: Cryptocurrency – The Top 5 Alternative Coins Predicted to Offer the Highest Returns in 2024. Cryptocurrency experts are split on whether the recent market activity is simply a deceptive uptick or the beginning of a long-term upward trend. Many respected traders interpret the recent surge as a genuinely positive sign based on Solana SOL’s consistent trading patterns. The crypto trader named Simon has indicated that the first goal is to reach approximately $128, aligning with the expected outcomes of the downward trend channel Solana has been following since its high in December. Still, Simon warned their followers to be prepared for a potential sharp decline as Solana approaches these resistance points. Securing a position above its previous trading zone is considered essential for the continued rise in value. Additionally, see: Will Terra Classic (LUNC) reach a price of $0.00039? – Price Forecast. Not achieving this could result in uncertainties regarding the recovery of the SOL market’s strength, particularly if selling activity causes its value to fall under the $85 level. Based on Solana’s early 2024 activity, specialists at Changelly have offered their predictions for its future pricing. During this time frame, the expected lowest value for SOL is estimated to be approximately $99.