$SOL price forecast:
#SolanaUSTD has seen a significant increase over the past 24 hours. $SOL price has broken above the $170 resistance level after a strong bullish trend. The Solana price is currently at $172, marking a 4.32% rise in the last day. The market cap has also grown to $79 billion, positioning Solana at rank 5 by CoinMarketCap.
The #altcoins Solana has shown resilience recently, with a 2% increase. As $BTC approaches $70,000, a potential bull run could boost Solana and other altcoins. Solana’s positive momentum is driven by increased network activity and high developer retention rates.
#technical_analysis Show Cautiously Optimistic Outlook
Solana is displaying signs of #bullish momentum. If the bulls successfully push the price past the $180 resistance level, this could pave the way for further gains. Overcoming this barrier might drive SOL towards the next key resistance at $188-190.
Sustaining this upward trajectory could lead to an ambitious attempt to breach the $200 mark. If the bullish pressure mounts further, the altcoin could aim for $250 as the next target. But Some lowest possible targets mentioned in chart.
Solana price has seen an ascending trend, trading in a range of $162 to $174 over the past few weeks. This upward momentum is supported by increasing trading volumes and positive market sentiment.
