bullish

Major

Solana

Bitcoin

<p>The cryptocurrency market is on the verge of concluding September on a positive note. With this, the crypto space breaks its historic market trend of a bearish September. This further hints at a bullish Q4 and the potential beginning of an Altseason market.</p>  
<p>Notably, with Bitcoin price reclaiming the $66K level, top altcoins have surpassed their important resistance levels. Moreover, the Solana token has recorded a similar action by breaking out of its resistance of $155.</p>  
<p>With this, questions like “Is this the right time to invest in crypto?” and “When will Solana hit $200?” have recorded increased search volume. In this article, we have covered the short-term price prospects of the Solana crypto token.</p>  
<h2 class="wp-block-heading" id="h-sol-crypto-price-tests-its-major-resistance">SOL Crypto Price Tests Its Major Resistance:</h2>  
<p>Despite recording a correction of ~1% in the past 24 hours with a trading volume of $2.395 billion, the Solana price has held its value above the $155 mark. Moreover, it has jumped 6.29% over the past week and 7.83% during the past 30 days.</p>  
<figure class="wp-block-image"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/29000012/image-650.png" alt="Sol 29-09-2024 price analysis" class="wp-image-357056">
</figure>  
<p>Moreover, the Solana token is on the verge of breaking out of its resistance zone above the $155 level. However, the outcome of this is uncertain. Further, with a market capitalization of $73.53 billion, it continues to hold its 5th position in the cryptocurrency market.</p>  
<h2 class="wp-block-heading" id="h-solana-technical-sentiments">Solana Technical Sentiments</h2>  
<p>The Simple Moving Average (SMA) constantly supports the SOL price chart in the 1D time frame. This indicates increased buying pressure for the altcoin in the market.</p>  
<p>Further, the MACD indicator displays a constant green histogram with its averages showing a constant uptrend. This indicates that the Solana token may continue gaining value in the coming time.</p>  
<h2 class="wp-block-heading" id="h-will-sol-price-hit-200-this-year">Will SOL Price Hit $200 This Year?</h2>  
<p>If the market continues trading under a bullish sentiment, the Solana token will test its next major resistance level of $181. Furthermore, if the bullish situation intensifies, the altcoin to prepare to test its yearly high of $209.</p>  
<p>On the contrary, if the bears regain momentum, the price could retest its support of $155. Moreover, if the bears dominate the crypto space during the 4th quarter, this could result in the SOL coin price plunging toward its lower support level of $127.</p>  
<p>Wondering how far the Solana (SOL) price could go in the future? Then our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana Price Prediction</a> is a must-read for you!</p>

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