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The post <a href="https://coinpedia.org/price-analysis/sol-price-recovery-eyes-100-break/">SOL Price Recovery Eyes $100 Break, Should You Be Buying NOW?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the markets lighten up in the reversal phase, Solana is quick to climb the ladder of top gainers. With a remarkable jump of 5%, the <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">SOL price</a> trend is gaining volatility and becomes a double-edged sword.&nbsp; 
Following the recent breakdown, the overnight jump in Solana with the recovering market hints at a bullish comeback. However, a possibility of a retest lingers around warning a bearish trend continuation.&nbsp; 
Hence, with such indecisive price action and the turning sentiments of the marketer, the upcoming trend may showcase sharp moves. To find out more about the long-term picture, check out our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price prediction</a>. 
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 <img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136-1024x483.png" alt="" class="wp-image-264172" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/01/25121740/image-136.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/QgyHRVhO/">TradingView</a> 
With a morning star pattern at the crucial base of $80, standing with the 38.20% Fibonacci level, the SOL price trend signals a potential bullish recovery. Fueled by the sudden jump in the market as the GBTC outflows slow down, the altcoins are ready for a bounce back.&nbsp; 
With the recent jump reclaiming dominance over the 50-day EMA, the spike in trading volume supports the uptrend possibility. Furthermore, the morning star pattern is regarded as a reversal pattern, especially when formed at a crucial support level.&nbsp; 
Currently, the SOL price trades at $88.18 following the bullish engulfing candle formed last night.&nbsp; 
Despite the growing bullish factors, the possibility of this jump being a retest of the triangle breakdown warns of a second nosedive.&nbsp; 
Technical Indicators: 
RSI Indicator: The daily RSI line shows an ongoing slump and warns of a sharp decline to approach the oversold zone. However, the recent spike with the morning star formation teases a reversal if the bullish momentum sustains.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-will-sol-price-refuel-the-bull-run">Will SOL Price Refuel The Bull Run?</h2> 
With the ongoing recovery, the SOL price trend showcases a high reversal possibility that may soon cross the $100 mark once again. Hence, the sideline traders can find entry opportunities at the current market price.&nbsp; 
Conversely, a breakdown of the $80 support level will change the price action dynamics. In such a case, the bearish crash could test the $50 mark.&nbsp;

SOL Price Recovery Eyes $100 Break, Should You Be Buying NOW?

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