Solana traded at $243.5959 against the US Dollar on Friday, November 29th, marking an increase of $5.7459, or 2.42%, from the previous trading session.
Solana's SOL up by over 2% on Friday
This price movement reflects positive market sentiment, with Solana gaining 38.85% over the past four weeks. Over the last 12 months, the cryptocurrency has experienced a remarkable rise of 311.31%, demonstrating strong investor interest and its continued growth in the broader crypto market.
Outlook on next 12 months
Looking ahead, Trading Economics’ global macro models and analysts' projections suggest that Solana's price could decline to around $170.4699 by the end of this quarter, as the market adjusts to broader economic conditions and potential regulatory impacts. Over the next 12 months, the price is expected to stabilize further, with a forecast of $134.9200, as investors weigh factors like competition, technological advancements, and market volatility within the cryptocurrency sector. Despite the predicted decline, Solana's impressive performance over the past year highlights its resilience and potential for long-term growth.
