Ethereum

2024

Solana

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/sol-price-back-at-100-the-ongoing-recovery-eyes-25-hike/" rel="noopener noreferrer nofollow">SOL Price Back At $100, The Ongoing Recovery Eyes 25% Hike&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the big players like Bitcoin and Ethereum turning positive this week, the altcoins are picking up the bullish pace. Being one of the top performers, the SOL price is teasing a high momentum reversal rally to cross the $100 barrier.&nbsp;&nbsp;</p>
<p>With a breakout, a retest, and a bullish pattern in the pipeline, Solana is preparing for a massive run in February. Amidst the rising anticipations and the growing volumes, the altcoin is becoming the choice of the week.&nbsp;</p>
<p>The bullish sirens raise curiosities like, will the SOL price reach the $1000 mark? Check out our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana price prediction</a> to learn more about the long-term picture.</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18-1024x464.png" alt="" class="wp-image-266300" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/02113537/image-18.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Source – <a href="https://www.tradingview.com/x/SA8g126X/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>Starting with a morning star pattern at the $80 mark, close to the 38.20% Fibonacci level, the bullish trend in Solana picks up momentum. Amidst this recovery trend, the SOL price manages to conclude the short-term lower high formation.&nbsp;</p>
<p>Breaching the short-term trendline, the Solana price trend enters a retest phase and completes it with a morning star pattern. Currently, the SOL price trades at $99.20 with an intraday growth of 1.47% and teases a trend continuation,</p>
<p>As the buyers are preparing to reclaim the $100 mark, the chances of a bull run are increasing in February.</p>
<p><strong>Technical Indicators:</strong></p>
<p><strong>RSI Indicator: </strong>The daily RSI line sustains above the halfway line signaling a strong underlying bullish sentiment.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-sol-price-rerun-to-125">Will SOL Price Rerun To $125?</h2>
<p>With the ongoing recovery, the SOL price trend is poised for a potential substantial bull run, increasing the likelihood of surpassing the $100 mark once more. This favorable situation offers an enticing entry point for sideline traders, allowing them to capitalize on the current price level. Potentially benefit from the anticipated surge in the SOL market.</p>
<p>In contrast, if the crucial $80 support level fails, it could trigger a more significant correction. This scenario suggests that the market could dive rapidly and potentially reach as low as $50.</p>
<h2 class="wp-block-heading" id="analyst-expects-sol-to-hit-140">Analyst Expects $SOL To Hit $140</h2>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> is ready for upward continuation here. <br><br>After the initial push upwards, there's always a period of consolidation, and it seems it's ended.<br><br>A higher timeframe support test at $80 provided support.<br><br>Looks likely we'll be continuing towards $140. <a href="https://t.co/5DRQaRhbZh" rel="noopener noreferrer nofollow">pic.twitter.com/5DRQaRhbZh</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1751719296609419670?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 28, 2024</a>
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<p>Michael, an analyst with 691.6K Followers on platform X, expects the SOL price to hit $140 as it reverses from $80. Amidst this recovery, the chances are supporting the bull run beyond $100.</p>

SOL Price Back At $100, The Ongoing Recovery Eyes 25% Hike

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