After SOL rose by 40%, it is expected to break through to $250!
The price trend of SOL has recently shown a double bottom pattern, and the neckline is firmly at the $180 mark. In the DMI indicator, the ADX line is rising, indicating that the price of SOL is rising, and the momentum is getting stronger and stronger.
If it can really break through the $180 barrier, the price may jump to $250.
Now, the cryptocurrency market is preparing to create another glory in 2024, and the altcoins are also getting lively. Bitcoin has reached $67,913. If the entire market can recover comprehensively, the total market value of $3 trillion is estimated to be recovered. In this wave of growth, the Solana ecosystem is expanding rapidly, and the price of SOL is about to break through the psychological barrier of $200.
Let's take a look at SOL's recent performance. In two weeks, the price has risen from $131 to $184, an increase of 40%. However, there was a small correction in the middle, and now the price has fallen back to $181. But no matter what, Solana's market value is still firmly ranked fifth, and it is also the third in the DeFi field, with a TVL of up to $5.39 billion.
The price of SOL has climbed up from $130 and made a double bottom, with the new neckline set at $185. After four consecutive positive lines, the $200 mark seems to be within reach.
Moreover, the trading volume has also soared by 75%, almost reaching $3.25 billion, and the upward momentum is getting stronger and stronger.
As for whether SOL can rise to $250, Solana has been performing well since the beginning of this year, rising from a few dollars to two hundred dollars. This strength is not covered. Although it fell a little in the middle, it soon rose again, indicating that the bulls are always ready.
SOL is rising every week, and it feels like it can break through the $200 mark at any time.
Using the Fibonacci horizontal line, the double bottom neckline is only a dozen dollars away from $200. If this wave of rebound continues to be strong, it will not only break through the neckline, but also release all the energy accumulated before, and go straight to $200.
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