🔴$SOL To Hit $200 Very Soon🔴

The cryptocurrency market has seen a 1% correction, with Bitcoin dropping to $63,237.75. Despite this, Solana (SOL) has shown bullish momentum, adding 3.19% with a trading volume of $2.27 billion. Investors are curious if SOL can reclaim $200 and how high it might go in 2024.

SOL Coin Price Analysis

Solana is on the verge of a major breakout, testing its resistance zone in the 1D time frame. The altcoin has added 20.64% in the past week and 17.01% over the past 30 days, with a YTD return of 62.56%. It is currently the 5th largest cryptocurrency with a market cap of $76.65 billion. The MACD shows a steady rise, and the RSI indicates strong bullish sentiment.

Can SOL Reach $500?

If the bulls break through the resistance zone, SOL could test $181.50 and potentially reach $200. To hit $500, SOL would need a 206.75% surge from its current price of $163. Conversely, a pullback could see SOL drop to its lower support level of $127

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