Token

Solana

The post <a href="https://coinpedia.org/price-analysis/solana-price-reclaims-130-is-200-imminent-in-march/" rel="noopener noreferrer nofollow">Solana Price Reclaims $130! Is $200 Imminent In March?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto industry continues to display significant fluctuation in the chart due to the increased volatility in the market. Further, top tokens have recorded massive price movements within a short period, indicating an increase in the buying-and-selling pressure within the crypto space.
On the other hand, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana price</a> has added 21.32% within the past seven days and 36.40% over the past 30 days, highlighting a strong bullish sentiment in the cryptocurrency industry.
<h2 class="wp-block-heading" id="h-solana-token-records-increased-price-volatility">Solana Token Records Increased Price Volatility!</h2>
The SOL token traded in a closed range between $94.25 and $100 for a while, following which the market gained momentum and the Solana price recorded a jump of 16.74% over three days.
After facing rejection at $110.91, the altcoin displayed a neutral trend by trading sideways for the next eleven days. As the market volatility grew, the bulls lost momentum and recorded a correction, resulting in the price breaking down its support level.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/eX3PXZyb2yvBbHGmuwcG5GxO2Gqh7ANhOsNY_R06hOMBPOAMbOBtSvulmW_G0Q_QLxZq8DCdaRazFN_gaKYl-BQ0o02x3xVaV8UphpX_KIJB3IJUk4_JEkb-w8lgp3vZfMy5OGfbvL3yHIxJOC2wbmo" alt="Solana Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SOL/USDT
 </figcaption>
</figure>
The Solana price then traded in a closed range between $100 and $107 for about a week. Following multiple failed attempts, they successfully regained momentum and recorded a jump of 11.51%, after which the price traded sideways for a while.
Recently, the bulls jumped 26.28%, following which it faced rejection at $135.45. Since then, the price has been trading in a closed range, indicating a decrease in the price action for the altcoin.
The Relative Strength Index (RSI) displays a sharp rise in the chart, suggesting an increased buying pressure in the crypto industry. Further, the averages show a high possibility of a bullish convergence, suggesting the price will continue gaining value in the coming time.&nbsp;
<h2 class="wp-block-heading" id="h-will-sol-price-increase">Will SOL Price Increase?</h2>
If the market pushes the price above the resistance level of $135, the bulls will regain momentum and prepare to test its upper resistance level of $143. Maintaining the price at that level will set the stage for the Solana token to attempt to test its resistance level of $150 by the weekend.
Conversely, if a trend reversal occurs, the SOL price will lose momentum and fall to test its support level of $125. Moreover, if the bears continue to hold power over the bulls, it will plunge and prepare to test its lower support level of $117 in the coming time.

Solana Price Reclaims $130! Is $200 Imminent In March?

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