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Solana

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<p>The post <a href="https://coinpedia.org/price-analysis/sol-price-prediction-how-big-will-the-solana-rally-this-year/">Solana Price Prediction: How High Will SOL Price Rally This Year?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Amidst a bullish frenzy in the market, the fifth biggest altcoin, Solana, is scaling heights with the intention of forming a new 52-week high. With a bullish reversal from the crucial level of $80, the SOL price is creating a strong uptrend with the supporting winds of market recovery.</p> 
<p>As the altcoin is projecting a healthy recovery above the psychological mark of $100, the market is curious as to how high will Solana go. To find answers to such questions, check out our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL price prediction</a> that sees a strong uptrend shortly reaching the $200 mark.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-can-solana-price-break-above-125">Can Solana Price Break Above $125?</h2> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="798" src="https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93.png" alt="" class="wp-image-269298" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93-300x150.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93-1024x511.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93-768x383.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93-1536x766.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/13100522/image-93-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p>Source – <a href="https://www.tradingview.com/x/gqfoIF4N/">TradingView</a></p> 
<p>With a rounding reversal the SOL price is heading to the $125 mark, a crucial resistance in the Solana chart. Providing resistance to the last upswing, the $125 is close to the 50% Fibonacci level, marking an area of increased supply.&nbsp;</p> 
<p>Further, on the weekly chart, the trading volume indicator is showing a declining trend that warns of a reversal from $125. This may lead to a double-top pattern.&nbsp;</p> 
<p>Currently, the SOL price trades at $113.77, with a 20% jump in the last ten days, teasing a bullish break of $125.&nbsp;</p> 
<p><strong>Technical Indicators:</strong></p> 
<p><strong>MACD Indicator: </strong>Despite the bullish recovery in the last few weeks, the short pullback phase warns of a bearish crossover in the MACD indicator. With the MACD and signal lines preparing a crossover, the $125 breakout can avoid a cross.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-will-sol-price-rush-back-to-200">Will SOL Price Rush Back To $200?</h2> 
<p>Upon the anticipated $125 breakout, the path to $200 seems much easier than before for Solana. However, the high supply variable at $125 makes it a strong fort for buyers to conquer.&nbsp;</p> 
<p>Therefore, the sideline traders can wait to find an entry point if and when the SOL price exceeds $125. On the downside, the reversal in the altcoin prices could retest $100.&nbsp;<span id="docs-internal-guid-0de77bc2-7fff-7ba0-dcce-d3b9160767cc"></span></p>
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Solana Price Prediction: How High Will SOL Price Rally This Year?

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