🤯SOL Price At End Of Correction Crossroads, Warns Volatile Move Ahead!

Following a spike in meme coins, the market is optimistic about an upcoming bull run for altcoins this week. Solana (SOL) is exhibiting critical price action, hinting at a potential high-momentum move.

📊 Solana Price Analysis

Solana (SOL), currently at $143 with a 1.30% intraday rise, faces increased supply pressure near the resistance trendline. The altcoin's price action forms a triangle pattern, signaling a breakout scenario.

📉 Technical Indicators

The MACD indicator suggests a potential bearish crossover, indicating a price decline and possible breakdown rally. However, bullish reversal chances are increasing, potentially leading to a breakout above the resistance trendline.

🚀 Price Prediction: Will SOL Reach $200?

With the altcoin sector anticipating a rise, SOL's price at a pivotal point attracts attention. A breakout rally above the resistance trendline could propel SOL to $200 within a week and potentially to $250 by month-end.

⚠️ Conversely, a breakdown rally may test the $100 support level. The market eagerly awaits SOL's next move amidst bullish sentiments for altcoins.