Analyst Predicts Solana Price Will Never Drop Below $70
Crypto analyst XForceGlobal addressed criticism of Solana’s stagnancy and highlighted that Solana price rallied 23.75% in August. The token rose from $151.62 to $200.86, driven by positive market sentiment, DeFi expansion and NFT growth. The analyst predicts Solana price will never trade below $70 and forecasts new all-time highs after the current distribution phase. At the time of reporting, SOL trades at $207.21, down 2.34% over seven days, indicating a temporary pullback before a potential breakout.
Bullish
The analyst’s confidence that SOL will never trade below $70 and that a distribution phase is concluding implies a strong price floor and imminent upside. Historical patterns show that clear support levels often attract buyers and stabilize prices, leading to rally phases. Solana’s 23.75% August gain, driven by DeFi and NFT growth, reinforces ecosystem momentum. In the short term, traders may hold positions around current levels to await a breakout. In the long term, ending distribution typically precedes new all-time highs, making the overall outlook bullish.