Solana

The post <a href="https://coinpedia.org/price-analysis/with-an-intraday-recovery-will-sol-price-top-200-this-june/">With An Intraday Recovery, Will SOL Price Top $200 This June?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum’s price</a> jump, the altcoins are making waves with refreshed and increased trend momentum. Amidst such recovery, Solana’s native token SOL takes a price following a bearish move a day prior.&nbsp; 
The sudden change in trend momentum in Solana’s price teases a potential comeback with the support of broader market recovery. Will Solana resurface above the broken trendline to surpass $200? Find out more in our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL price prediction</a>.&nbsp; 
<h2 class="wp-block-heading" id="h-solana-price-performance">Solana Price Performance</h2> 
Following the bearish drop of 4.10%, the bearish reversal in the <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">SOL price</a> from the broken trendline for a 10% drop in 48 hours. However, with the recovery in the biggest altcoin, Solana picks up pace with an intraday gain of 1.92%. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXemezY-2xnwEI5KKXQ63kWdivGJVmP_LE38LxDNSThSxKh_cM1R7Gcw0cH6pyb0i1aRPLHP5ggrHYDp0-68G_JNza7ZPIhlrf3j3rCw2MIv3YqxnngqORGj63FsC6MHG1ebcLz_CovyyxGlCQ26XWQcdqpl?key=TP033q67bXGGNb1N3S6TuA" alt="">
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<a href="https://www.tradingview.com/x/Tl7Ot3Qm/">TradingView</a> 
The ongoing correction creates a short-term resistance trendline in the daily chart and keeps the recovery under check. Currently, the SOL price trades at $140 and makes a bullish candle that pierces into the bullish candle.&nbsp; 
Further, the lower price rejection in the recent candles near the $125 demand zone bolsters the possibility of the altcoin gaining bullish momentum shortly. If the broader market recovery continues, the altcoin can sustain the bull run for a new swing high and potential breakouts.&nbsp; 
Technical Indicators: 
RSI: With the recent dip in the SOL price, the daily RSI line drops closer to the oversold boundary. Further, the momentum indicator shows a bullish divergence in the daily chart.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-sol-price-reach-200">Will The SOL Price Reach $200?</h2> 
With the intraday recovery, the SOL price showcases a bullish recovery chance and a potential trendline breakout. In case of a breakout, the uptrend may soon resurface above the broken support trendline.&nbsp; 
As per the Fibonacci levels, the uptrend in the Solana price can reach the next overhead resistance trendline near $170. Optimistically, the breakout rally can result in a price jump to the $200 psychological mark.&nbsp; 
Read Also : <a href="https://coinpedia.org/price-analysis/ethereum-price-prediction-will-eth-price-hit-4000-in-june/">Ethereum Price Prediction: Will ETH Price Hit $4,000 In June?&nbsp;</a>

With An Intraday Recovery, Will SOL Price Top $200 This June?

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