Solana Price Holds Above $130! SOL Price To Hit $155?

As uncertainty will increase within the crypto market, high tokens have recorded larger volatility of their respective values ​​in current days. Furthermore, Solana value continues to wrestle to expertise a powerful bullish restoration since August.

This makes its traders curious concerning the future prospects of this altcoin within the crypto market. Moreover, with questions like “Will the SOL value ever get well? And “When will Solana hit $500?”, traders have discovered themselves in a FOMO-like scenario.

SOL coin value registers impartial pattern

With a bearish pullback on the resistance trendline of the symmetrical triangle sample, Solana crypto is down ~6% this week. With a buying and selling quantity of $1.414 billion, it added 1.26% over the previous day. This has helped preserve its worth above $130.

Regardless of falling ~8% over the previous month, SOL value has rewarded its long-term traders with a 12 months-to-Date (YTD) return of +21.05%. With a market capitalization of $62.086 billion, this altcoin maintains its fifth place.

The EMA 50/200 days reveals a relentless flat line within the 1D time-frame. This means weak shopping for and promoting strain for the altcoin within the crypto market.

However, the Relative Energy Index (RSI) has registered a impartial pattern on the Solana value chart. Furthermore, with a possible bullish convergence, this altcoin signifies a doable reversal within the coming weeks.

Will Solana attain $200?

If the market regains momentum, SOL value will retest its resistance trendline of the symmetrical triangle sample. Moreover, if the bulls proceed to dominate the crypto house, it might result in it heading in the direction of the highs of $155 this month.

For the Solana coin value to achieve $200, a bounce of 52.08% is required, given its present buying and selling worth of $131.51. Conversely, an intensified bearish value motion might pull the worth of SOL crypto in the direction of the essential help stage at $127 within the close to future.

Fearful about your SOL investments? Learn our Solana value forecast for future insights!