👹👹🤯#Solana #solananews Solana price has recovered $180 for the first time in almost three months.
Both the Chaikin Money Flow and Money Flow Index suggest that SOL is overbought and is due for a pullback. Analysis suggests that resistance at $185 could pull the price back to $161.81.
Solana price ($SOL ) has hit $180 for the first time since July, sparking speculation that the cryptocurrency may be preparing for a prolonged breakout.
This upward momentum coincides with growing investor interest, but the question remains: will Solana reach $200?
While traders are eagerly awaiting this breakout, technical indicators suggest that there could be a pullback in the near term before SOL can continue its upward trajectory. Currently, the MFI has crossed the 80.00 mark, confirming that SOL is overbought.
If the reading is below 20.00, it would indicate oversold conditions. Given this outlook, Solana's upward momentum could slow down, which could result in a short-term correction before another significant rally.$SOL