After two explosive years between 2023 and 2024, Solana’s price began to decline, and this rebound continued until 2026. For the first time in over a year, Solana’s price traded consistently below the $100 mark as the sell-off ravaged the cryptocurrency. However, with the new month upon us, there may be some light at the end of the tunnel for SOL investors if April goes as expected.
April could be a green month for Solana price
CoinCodex’s prediction algorithm has turned bullish in favor of Solana price as the market enters the new month. Instead of following the trend set over the past few months and continuing to decline, it appears that Solana’s price may be heading toward some relief.
The algorithm takes into account various indicators of the digital asset and uses them to predict the likely outcome of the asset. For Solana, the verdict is that the cryptocurrency could eventually see a double-digit rally that takes it above the $100 level again.
In total, Solana’s price is expected to rise 30% to $103.76 by the end of the month. In the medium term (3-month time frame), the algorithm predicts that Solana’s price will rise by 63% to $130. This means that the third quarter is expected to be bullish for the price.
April is a historically bullish month
Looking at historical performance, April turns out to be more bullish than not for Solana price. In cases where the month ended in the red, the gains of green months exceeded those dominated by losses.
According to CryptoRank data, in the past five years, Solana has finished a total of three Aprils in the green, with its lowest return of +23.2% and the highest of +60.8%. Meanwhile, for years where the month ended in red, the highest losses were -15.7% and the lowest at -3.25%.
This makes the overall average for the month positive, with the site’s data showing an average return of +18.7% and an average return of +10.8%. However, the second quarter of the year is still a mixed bag with as many red lockdowns as green lockdowns. Therefore, it remains to be seen how Solana’s price will perform in the second quarter.
Featured image from Dall.E, chart from TradingView.com
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