Solana

<p>The post <a href="https://coinpedia.org/price-analysis/solana-price-prediction-sol-price-crosses-100-ready-for-50-hike/">Solana Price Prediction: SOL Price Crosses $100, Ready For 50% Hike</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>This week’s trend reversal refuels the bullish momentum in the SOL price trend, leading to a breakout above the $100 mark. With Solana token trading at $100.98, the reversal leads to a new higher low formation and sustains above the 50D EMA.</p> 
<p>Further, the altcoin is prepping for a breakout of a multi-contact resistance level to cement the bullish trend. Hence, with the increasing number of bullish variables, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL price prediction</a> eyes a strong uptrend starting shortly that may reach the $200 mark.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-can-solana-sustain-above-100">Can Solana Sustain Above $100?</h2> 
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 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64-1024x464.png" alt="" class="wp-image-268213" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/08132320/image-64.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Source – <a href="https://www.tradingview.com/x/6iDJRbPp/">TradingView</a></p> 
<p>Following a trendline breakout, the SOL price is sustaining above the 50D EMA, giving a rounding reversal from the dynamic support. Further, this completes a potential inverted head and shoulder pattern with a neckline at $102.</p> 
<p>The strong resistance at the $102 level comes as a reversal spot of multiple bullish attempts, reflecting a high supply zone. Hence, a breakout above this level will increase the chances of a bull run in Solana by multiple times.&nbsp;</p> 
<p>Currently, the SOL price trades at $100.98, with a 4.41% jump last night, teasing another breakout attempt. Considering the 21% hike in the trading volume increases to support the bulls, Solana can resurface for a high momentum rally.&nbsp;</p> 
<p><strong>Technical Indicators:</strong></p> 
<p><strong>RSI Indicator: </strong>The daily RSI line holds a positive trend and crosses above the 50% mark, reflecting a rise in demand. Further, the increasing momentum teases a breakout run for Solana.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-will-sol-price-rush-back-to-200">Will SOL Price Rush Back To $200?</h2> 
<p>As the potential inverted head and shoulder pattern breakout comes closer, the anticipation of a bull run in SOL price is significantly rising. Moreover, with the increasing volumes and the general market sentiments improving, the altcoin shows high potential for a run beyond $125.</p> 
<p>Sideline traders can find an entry point if the Solana prices exceed the $102 mark. On the downside, the altcoin might retest the $82 mark.&nbsp;<span id="docs-internal-guid-1fc49243-7fff-02a4-9424-00f38b8437e6"></span></p>
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Solana Price Prediction: SOL Price Crosses $100, Ready For 50% Hike

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