Rally

Solana

Bitcoin

April

The post <a href="https://coinpedia.org/price-analysis/solana-inches-towards-200-will-the-bulls-manage-to-keep-up-the-rally-reach-250-in-april-2024/">Solana Inches Towards $200: Will the Bulls Manage to Keep Up the Rally &amp; Reach $250 in April 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the markets approach the quarterly close, the volatility rate has risen to some extent, but the bulls do not appear to be confident of the upcoming rally. As a result, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> remains stuck around $70,000, with less possibility of triggering a massive bullish wave in the next few days. In the meantime, altcoins like Solana, Litecoin, Pepe, etc. and many more are displaying acute strength. The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">SOL price</a>, specifically, is approaching crucial resistance, clearing which a road to $250 may be unlocked.&nbsp; 
The <a href="https://markets.coinpedia.org/solana/">SOL price</a> in the long term remains within a bullish range, poised to reclaim the lost levels above $200. Although the volume has dropped from over 12 million to less than 6 million, the bulls have dominated the rally to a large extent. As a result, the SOL price appears to be primed to record a bullish close for the quarter, which may lay the foundation for a bullish close for April ahead of Bitcoin halving.&nbsp; 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/FvBjR47Bo-lJJ-Kr3FihhcJLXlJgHi_09e45RL7F9uuljPduQVpSuoUzNRF3XPoF1nBIa47U4seCHBOng1G2EAkLJnjZ74vrU7QP_qT0PKGR29DNTrGZsdr6pXtYqskwk0Fq7vOkHaUXlgvP6bPA7yk" alt="">
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The SOL price has been displaying enough strength ever since the token triggered a rebound from its lows. The bulls appear to have been facing some hindrance at the key resistance close to $200. Besides, the bulls are holding the rally above the pivotal support, which suggests a fresh upswing could begin anytime from now. However, before the bullish spell, a final pullback appears to be on the way, as the stochastic RSI is in favour of the bears.&nbsp;Rea 
Read More: <a href="https://coinpedia.org/price-analysis/litecoin-barges-through-100-ahead-of-quarterly-close-has-the-race-to-200-just-began/">Litecoin Barges Through $100 Ahead of Quarterly Close: Has the Race to $200 Just Began?</a> 
Collectively, Solana’s price remains under bullish influence, while the bears may continue to hinder the rally frequently. The upcoming bearish action may drag the levels close to $182 to $185 but may fail to take them below $180. Therefore, once the SOL price withstands the interim bearish pressure, the path towards $250 may become more viable. This may also set a path towards $300 as the crypto markets are set to kick off a fresh bull run post the Bitcoin halving.

Solana Inches Towards $200: Will the Bulls Manage to Keep Up the Rally & Reach $250 in April 2024?

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