#sol #SOLPrediction Today update 16/03/2024
Solana Price Prediction: Complete guide
🛑The recent surge in Solana (SOL) price, exceeding $160, marks a significant milestone in 2024, particularly noteworthy given its lows of $10 just a year ago.
🛑This upward trajectory can be attributed to the prevailing bullish sentiment in the cryptocurrency market, with Bitcoin achieving new all-time highs and altcoins such as Solana mirroring the trend.
🛑A closer examination of SOL's price movement reveals a notable shift in market dynamics, with buyers gaining dominance by surpassing the $140 supply zone, thereby establishing a foundation for a robust uptrend. Notably, the weekly chart illustrates an inverted head and shoulders pattern above $160, a pattern typically associated with bullish reversals and often preceding significant breakout rallies. This pattern reinforces the likelihood of SOL reaching $250.