Solana Price Prediction: Can SOL Reach $250 in the Next Bull Run? – analysis by CoinGape
Solana price prediction: SOL experienced a significant rise in market value recently, increasing over 4% in the last 24 hours. The Solana price surged past the $160 resistance level and currently stands at $168, demonstrating strong positive momentum in its trading pattern.
The market capitalization has also seen an upward movement, now standing at $75 billion, which marks a 3.21% increase. However, trading volume over the past 24 hours has declined by 18.18%, totaling $3.5 billion.
In the past week, Solana has experienced a 9% surge despite some minor declines, highlighting its volatile nature. The price fluctuated between $150 and $168 over the past few days, reflecting a general uptrend. Solana has surged from $130 support level to the current prie above $160, over the past week, indicating ascending trend.
With the current bullish trend, SOL Price could break the $170 resistance, signaling a revival in bullish activity. This breakout may push the valuation close to $190. An eventual move toward the $200 resistance level is possible, and with increased bullish pressure, SOL might hit $250 in the next run.
Conversely, a market downturn could see the coin retract to the $155 support line. If bearish trends dominate, the price may drop to $150, marking a bearish shift. Despite potential setbacks, current recovery trends suggest the altcoin is poised for further gains, indicating a promising outlook for Solana.
