Solana

The post <a href="https://coinpedia.org/price-analysis/solana-records-increased-bullish-sentiments-sol-price-to-surge-back-above-200/">Solana Records Increased Bullish Sentiments! SOL Price To Surge Back Above $200?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Solan token continues to record a bearish price action as the token has experienced a correction of 7.5% in valuation within the past 24 hours. Positively, the <a href="https://markets.coinpedia.org/solana/">SOL price</a> has displayed a positive trading week as it has added approximately 3% over the past seven days. 
The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price</a> displayed a neutral trend by trading in a closed range between $100 and $119 for a brief period, following which the bulls regained momentum and jumped 22.52% in valuation, after which the price traded sideways for a while. 
After testing its low of $119, the bulls regained momentum and recorded a jump of 25.21% before facing rejection below the resistance level of $155. Following this, the SOL price displayed a neutral trend for the next six days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/VrnB0WX4FmHmJMIKUiWcP9Idztlrevj66L3jI_wE0FclX_u-UhNgUE09L7aSz8N3lq_g-QSuiZw3DgNh7a1Ia7HlJl86lCawCFPkSne1hAEBvQyTyS7u3YqCRPY4bEvR0VnFGCsTbqy7dnduHAftrbg" alt="Solana Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SOL/USDT
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</figure> 
The Solana price then jumped approximately 41% in valuation within the next five days before facing rejection at the resistance level of $210, after which the bulls lost momentum and displayed a negative trend. Since then, the price has been trading in a consolidated range between $170 and $200. 
The Relative Strength Index (RSI) displays a negative trend in the chart, indicating increased selling pressure in the crypto space. Further, the averages show a flatline, suggesting uncertainty in future price action. 
Also Read: <a href="https://coinpedia.org/price-analysis/solanas-tvl-volume-explodes-heres-why-sol-price-rally-may-hit-500-squashing-the-bearish-pressure/">Solana’s TVL &amp; Volume Explodes: Here’s Why SOL Price Rally May Hit $500, Squashing the Bearish Pressure</a> 
<h2 class="wp-block-heading" id="h-will-solana-go-up">Will Solana Go Up?</h2> 
If the market regains momentum, the bulls will prepare to test its resistance level of $186.55. Moreover, if the bulls continue to gain power, it will further rise and prepare to test its upper level of $200 this month. 
Negatively, if the bulls fail to regain momentum, the price will start trading under a bearish influence and prepare to test its support level of $170. Further, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $155.

Solana Records Increased Bullish Sentiments! SOL Price To Surge Back Above $200?

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