SOL Price Hits $150, Can It Top $200 in October After Token2049? – perspective by CoinPedia
With Bitcoin touching the $64K today, the altcoins are witnessing a massive demand boost. Amid the bull market, Solana releases major development announcements at Token2049, fueling the SOL price rally.
In the daily chart, the Solana price action reveals a new bull cycle gaining momentum. Over the last three days, the Sol price has increased by 14.50%, creating three consecutive bullish candles.
As Solana hits the $150 psychological mark, it trades with an intraday gain of 5.47%. The overall bull run in the last two weeks has witnessed a price surge of 20.52%, taking support from the crucial level of $125.
With the rounding reversal, the SOL price approaches the neckline near the $160-$163 supply zone. Hence, the tectonic shift in Solana supports the bullish rally and teases an uptrend continuation.
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