$SOL Price Prediction: $210 Resistance Level, Can the Bulls Break Through?
When it comes to SOL's price trend, it's quite optimistic! SOL has recently finally broken through the price range of $122 to $187, and the trading volume and momentum are simply amazing! Not only has it broken the range, but it is also advancing towards a long-term goal of $290, considering its historical highest price was $259.96.
Last week, SOL's performance was brighter than ETH and BTC. Although it might slightly pull back to $184 in the next few days, the overall bullish trend is unstoppable.
Predictions show that SOL's price is expected to rise by about 21% more. This breakout from the range is a significant positive development, with high trading volume and considerable capital flowing into the SOL market, which is like a trumpet for the upward trend!
From the technical chart, SOL's next target price levels are $241 and $291. Although the market may correct, SOL is already prepared for long-term upward movement.
The buyer momentum has been very strong over the past few weeks. However, the 2024 high of $210 may become a stumbling block on the way up. Whether SOL can easily cross this threshold will depend on its upcoming performance.
The liquidation heat map shows that the range of $202 to $225 may cause some headaches for SOL buyers and could even reverse the short-term trend. But if the price drops to around $150, that would be a great opportunity, as liquidity is very high there. Moreover, Bitcoin's price remains stable, so the likelihood of a significant drop is low.
Looking at the 48-hour heat map, the $184 price level acts like a magnet, likely attracting the price and pushing it higher. So, if the price returns to the $180-$190 range, it would be a good buying opportunity!
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