Davinci Analyst Jeremie Predicts Solana (SOL) Could Skyrocket 20x — Here’s the Analysis!

Jakarta, Pintu News—Leading market watcher and early Bitcoin (BTC) investor Davinci Jeremie recently expressed optimism about the rising price of Solana (SOL).

Jeremie, known for his accurate predictions in the early days of Bitcoin (BTC), now predicts that Solana (SOL) could experience a 20-fold price surge.

This prediction is based on increased activity on the Solana blockchain, especially within the DeFi and meme coin sectors.

Check out the full analysis here!

Davinci Jeremie’s Prediction for Solana (SOL)

As reported by Coingape, Davinci Jeremie, best known for his success in predicting Bitcoin’s (BTC) price rise in 2011, has shifted his focus to Solana (SOL). According to Jeremie, Solana (SOL) has the potential to surge up to 20 times thanks to the popularity of meme coins.

Jeremie stated that the success of meme coins associated with famous figures such as US President Donald Trump could be a major catalyst. This shows that not only individuals, but also large corporations, can capitalize on similar trends for profit.

Jeremie added that if this trend continues, the price of Solana (SOL) could reach over $1,000. This prediction has certainly caught the attention of many market participants and investors looking for opportunities in crypto assets with high growth potential.

Read also: ETH at risk of falling to $1,600, symmetrical triangle pattern triggers price pressure?

DeFi Activity in Solana Increases

In addition to meme coins, another factor that supports bullish predictions for Solana (SOL) is the increase in DeFi activity. Based on data from DeFiLlama, the Total Value Locked (TVL) in Solana has reached $56 million, the highest figure in almost three years.

An increase in TVL indicates that more and more Solana tokens (SOL) are locked in various protocols on the Solana blockchain, indicating high user trust and interest.

This increase in TVL shows investor confidence and significant growth potential within the Solana ecosystem. This, indirectly, supports a bullish outlook for Solana (SOL) prices in the future.

Read also: Grayscale Files Solana ETF with SEC, Strong Signal of Massive Crypto Surge?

Technical Analysis of Solana Price

Solana’s (SOL) price is $118 with a 2% gain in the last 24 hours. Four-hour technical analysis shows mixed sentiment. Solana (SOL) is moving in a descending parallel channel, signaling that the bearish momentum is still strong and could push the price even lower.

However, the Relative Strength Index (RSI) indicator shows 44, indicating that selling activity is still dominant. On the other hand, the Awesome Oscillator (AO) is showing signs of a trend reversal.

If the AO histogram turns positive, it could support a bullish thesis for Solana (SOL) prices. Therefore, although there is a dominant bearish trend, there is potential for a reversal in the bullish direction.

Conclusion

With multiple factors in its favor, including predictions from Davinci Jeremie and increased DeFi activity, Solana (SOL) appears to have the potential to experience significant price increases.

Although technical analysis suggests selling pressure, certain indicators point to a possible trend reversal. Investors and market participants should pay attention to these dynamics when considering investing in Solana (SOL).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Early Bitcoin Investor Predicts 20x Solana Price Rally. Accessed on April 7, 2025
• Featured Image: DL News