Will $300 Be the Next Stop?

With Bitcoin crossing the $99,000 mark, hitting a brand new all-time excessive of $99,314, Solana is sharing the momentum to succeed in a brand new ATH. With a ten% enhance within the final 24 hours, the bull run in SOL worth is offering tailwinds for different altcoins.

Will this new bullish pattern drive SOL worth in direction of $300 because it enters the unknown worth stage? Let’s discover out in Coinpedia’s newest Solana worth evaluation.

Solana (SOL) Value-performance

On the weekly chart, SOL worth motion reveals a descending triangular breakout rally, finishing a cup-and-handle sample. This sample break with a $249 neckline has resulted in a brand new document for Solana.

Trading view

It’s at the moment buying and selling at $262, with a 24-hour excessive of $264. Because the bullish pattern continues, SOL worth motion is about to finish its third consecutive bullish week.

Whereas Solana is buying and selling at unknown ranges, the underlying bullish momentum teases a continuation of the uptrend. Moreover, because the broader market restoration comes into play and Bitcoin strikes nearer to the $100,000 mark, Solana is more likely to attain the $300 mark.

Technical indicators:

MACD: This indicator helps the bullish pattern and provides a optimistic crossover with a peak of bullish histograms.

Will Solana attain $300?

Primarily based on the Fibonacci ranges, the upside worth goal for Solana is $602.92. This worth coincides with the Fibonacci stage of 1.272 on the logarithmic chart.

However, a retest of the $250 breakout is feasible if shopping for stress subsides.

Interested by the way forward for Solana? Learn Coinpedia’s newest Solana (SOL) worth prediction for future worth targets.

Often requested questions