$SOL
Solana price prediction: SOL, the token powering one of the the industry’s leading layer 1 protocols, hovers at $148 after the push for new 2024 highs hit a snag at $150. There are signs of consolidation or sideways trading taking place before the next breakout toward the coveted target of $200.
Up a modest 3% in the last 24 hours, Solana price boasts $65 billion in market capitalization while attracting $5.5 billion in trading volume.
According to the four-hour chart, Solana moves in a new pattern where it explodes hitting new levels, followed by a period of consolidation ahead of another bigger breakout.
Two key levels stand out Solana’s many levels — the support at $140 and resistance at $150, forming a bullish rectangle pattern.
The ongoing oscillation movement in the rectangle is an opportunity for investors to re-accumulate SOL for more gains in the long run. By breaking the hurdle at $150, FOMO might ignite a huge rally eyeing $200.
