Bitcoin

Solana

<h2 id="header-0">ChikaMoji Memecoin Launched Airdrop: Claim Instant 100,000 CHIKA Tokens Worth $100 USDT, Claim Airdrop At<a href="https://www.chikamoji.lol/" rel="noopener noreferrer nofollow"> WWW.ChikaMoji.LOL</a></h2>Solana’s price action shows a double bottom pattern with a key level at $180. The rising ADX line in the DMI indicator indicates growing momentum in the trend. If Solana’s price breaks above $180, it could rise to $250.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c1a28cabafbe4bd8ab513a5437ddd3fe.png" />As the crypto market recovers and aims for a new all-time high in 2024, the altcoin sector is becoming increasingly active. With Bitcoin trading at $67,913, the overall market could soon regain its $3 trillion valuation. During this recovery, the Solana ecosystem is growing quickly, and the <a href="https://cryptosheadlines.com/solana-sol-breaks-through-20-mark-with-a-5-12-price-surge/" rel="noopener noreferrer nofollow">SOL price might soon break above the $200 mark</a>. The question now is whether Solana will have a breakout rally and surpass $200 in July 2024.<h2 id="header-1">Solana’s Price Surge and Breakout Potential</h2>In the past two weeks, Solana’s price has surged by 40%, climbing from $131 to $184. It has recently pulled back slightly by 1.69%, now trading at $181. Solana holds the #5 spot with a market cap of $84.25 billion and ranks #3 in the DeFi sector with a total value locked (TVL) of $5.39 billion.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/bb90742f58bc4e169ca8fbd22c27a25c.png" />Source: <a href="https://www.tradingview.com/x/N5GOu768/" rel="noopener noreferrer nofollow">TradingView</a>The price recovery from the $130 demand zone has created a double bottom pattern, with the neckline at $185. Given the <a href="https://cryptosheadlines.com/not-faces-15-decline-despite-recent-bullish-announcement/" rel="noopener noreferrer nofollow">recent streak of four bullish</a> candles, a breakout rally above $200 is highly likely.The 75% increase in trading volume, reaching $3.25 billion, adds strength to the potential for further gains.The daily RSI has reached a borderline overbought zone due to a significant recent jump. However, the absence of bearish divergence suggests that the uptrend could continue, supported by strong demand in the <a href="https://cryptosheadlines.com/bitcoin-hits-67k-as-crypto-market-recovers/" rel="noopener noreferrer nofollow">recovering market</a>.The DMI indicator shows an uptick in the ADX line following a bullish crossover of the VI lines, further <a href="https://cryptosheadlines.com/pyth-networks-pull-oracle-enhances-solanas-defi-ecosystem/" rel="noopener noreferrer nofollow">enhancing Solana’s</a> breakout prospects.<h2 id="header-2">Solana’s Path to $250: Key Technical Levels</h2>Examining the correction phase with Fibonacci levels reveals that the double bottom neckline is just 15 points below the $200 level. The current recovery trend is poised to break through this neckline, <a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">potentially unleashing momentum that could push the price</a> above $200.<a href="https://cryptosheadlines.com/xrp-soars-35-this-week-fueling-bullish-optimism/" rel="noopener noreferrer nofollow">Also Read: XRP Soars 35% This Week; Fueling Bullish Optimism</a>Based on Fibonacci levels and the double bottom pattern, the uptrend in Solana’s price has the potential to reach $250.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Solana Aims for $250 After 40% Jump

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