Solana

Bitcoin

The post <a href="https://coinpedia.org/price-analysis/sol-price-challenges-78-60-fib-level-eyes-250-next-week/">SOL Price Challenges 78.60% Fib Level, Eyes $250 Next Week!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the overall market recovery picks up pace with the 10% surge in Bitcoin last night, the Solana price trend is back on bullish track. With an intraday jump of 13.05%, the <a href="https://markets.coinpedia.org/solana/">SOL price</a> is in attempts to undermine the 13.37% drop a day before the jump. 
Currently, the altcoin is heading closer to the psychological mark of $200 and is preparing for a breakout. Further, with the high anticipations of Bitcoin price reclaiming the $73,000 valuation, our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL price prediction </a>expects a breakou rally.&nbsp; 
<h2 class="wp-block-heading" id="h-will-solana-surpass-200">Will Solana Surpass $200?</h2> 
In the weekly chart, the bullish reversal in the long-term Solana trend sustains the uphill journey. This keeps the anticipations on a higher note amongst the sideline traders for a bull run crossing the $200 mark. 
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<a href="https://www.tradingview.com/x/9Eyawb39/">TradingView</a> 
With a visible long tail in the ongoing weekly candle, SOL price is reflecting a large deposit of underlying demand. Hence, with the recent release of trapped momentum coupled with the market’s upside move, the altcoin can easily make a new 52-W high.&nbsp; 
Currently, Solana’s native token exchanges hands at $190.47 with a small pause of 0.70% in the intraday candle. Nevertheless, the surge in trading volume bolstering the 13% overnight jump teases a trend continuation.&nbsp; 
Technical Indicators: 
MACD Indicator: With a significant lower price rejection, the buyers sustain a positive flow in the MACD and signal lines. Thus, the momentum indicator projects a high likelihood of uptrend continuation in Solana.&nbsp; 
<h2 class="wp-block-heading" id="h-will-sol-price-hit-250">Will SOL Price Hit $250?</h2> 
As per the ongoing reversal rally and the Fibonacci retracement in the weekly chart, the buyers are dominating the Solana price trend. With the SOL price ready to cross the 78.60% Fib level and the psychological mark of $200, the buyers are aiming for higher levels. The 883% jump in the last 175 days cements the breakout likelihood. 
Considering the uptrend surpass the crucial resistance confluence, the Solana market value can peak at $260 by the end of this month.&nbsp;

SOL Price Challenges 78.60% Fib Level, Eyes $250 Next Week!

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