Convergence

Token

Solana

Divergence

The post <a href="https://coinpedia.org/price-analysis/solana-price-prediction-for-april-will-sol-price-hit-ath-this-month/">Solana Price Prediction For April: Will SOL Price Hit ATH This Month</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
After displaying a neutral trend for about a week, the SOL price has successfully regained momentum and recorded a jump of approximately 7% over the past seven days, indicating an increase in the bull power within the crypto market. 
The Solana token has successfully concluded the month of March on a positive note by adding over 54% to its valuation during this time. Moreover, its YTD stands at approximately 95%, highlighting a massive buying pressure for this altcoin in the long-term perspective. 
<h2 class="wp-block-heading" id="h-the-sol-token-displays-an-increase-in-the-bullish-sentiments">The SOL Token Displays AN Increase In The Bullish Sentiments!</h2> 
The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price</a> traded in a closed range between $51.30 and $77.60 for over three weeks, following which the bulls gained momentum and recorded a jump of 66.20% within the next five days. Following this, the bulls faced rejection above the resistance level of $107.77. 
After this, the SOL token lost momentum and experienced a pullback below its support level. Following this, the Solana token traded in a range between $77.60 and $107.77 for approximately nine weeks, highlighting weak buying and selling pressure for the altcoin during this period. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/9lGCvM1zNlPZMiR1_oPhUUHqbjDcBiYJQmZiWig7RPkDyeomqGdNOcCVbEM_Zhrk_r2nTLsuPyEbqmiDYrFFpj8QmGvYXNI6kr6uhxxSrnrIvTNlbVTw76UCc0Eyze-elmSA2lmY2Jd5di42RKXe8mk" alt="SOL Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SOL/USDT
 </figcaption>
</figure> 
Positively, the Cross EMA 50/200-day acted as a support to the price, resulting in the SOL token regaining momentum and displaying a bullish price action. The Solana coin price recorded a jump of 99.32% and successfully reclaimed the $200 market for the first time in over 26 months. 
Following this, the bulls faced rejection above the resistance level of $200, and since then, the Solana token has been trading in a closed range between $170 and $200 and is on the verge of testing its resistance level, the outcome of which is unpredictable. 
The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating an increase in the buying-over-selling pressure in the crypto industry. Moreover, the averages show a high possibility of a bullish convergence, highlighting a bullish price action for the altcoin in the coming time. 
<h2 class="wp-block-heading" id="h-can-sol-price-reach-1-000">Can SOL Price Reach $1,000?</h2> 
If the market holds the price above the resistance level of $200, the bulls will regain momentum and prepare to test its next major resistance level of $250 in the coming time. Moreover, if the Solana price continues to trade under a bullish influence, it will run to test its upper resistance level of $300 during the coming month. 
Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $170. Furthermore, if the bears continue to overpower the bulls, it will continue bleeding and fall to test its lower support level of $140 in the coming time.

Solana Price Prediction For April: Will SOL Price Hit ATH This Month

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