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The post <a href="https://coinpedia.org/price-analysis/solana-sol-price-achieves-165-eyes-200-this-month/">Solana (SOL) Price Achieves $165! Eyes $200 This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the price of Bitcoin achieving a new all-time high (ATH), the cryptocurrency industry continues to display a significant uptrend in its valuation. The <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">SOL price</a> has successfully recorded a new 25-month high, indicating a robust bullish sentiment in the industry. 
Further, the SOL token has added approximately 20% within the past seven days and 50% over the past 30 days, highlighting an increased buying pressure within the market. Moreover, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price</a> has recorded a return of 64.59% to its investors since the year started. 
<h2 class="wp-block-heading" id="h-sol-price-on-the-path-to-test-200-mark">SOL Price On The Path To Test $200 Mark!</h2> 
The Solana token displayed a neutral trend by trading in a closed range between $100 and $115.55 for a brief period. As the market volatility grew, the bulls regained momentum and recorded a jump of 35.45% before facing rejection at the resistance level of $135.45. 
Following this, the SOL coin price traded sideways for the next few days, indicating a cool-off in the price action within the crypto industry. After testing its low of $115.55, the Solana token regained momentum and jumped 29.25% in the chart, after which the price faced rejection at $149.35. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/h6Y8bOwf_dj90ZAKwdriZ95lLX72qGI7RPifqqwGfzcKDS2SVRJdKfh-3GRemFmPy6drKE2a58nKx84yde0nQrpqZSuhW3CfDtlFt4Absqvudfk4m5DXOiV2PTPTrZGr9xLxTYvr3NLk1s1A28wUizM" alt="SOL Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SOL/USDT
 </figcaption>
</figure> 
After trading in a closed range between $135.45 and $149.35 for about a week, the bulls successfully broke out of the resistance level and recorded a jump of 11.60% in valuation. Since then, the price has been constantly trading under a bullish influence. 
The Relative Strength Index (RSI) displays a bearish curve above the overbought range, highlighting a massive ongoing price action in the industry. Further, the average shows a constant rise, suggesting uncertainty in the future price movements of this altcoin. 
Also Read: <a href="https://coinpedia.org/price-analysis/binance-coin-records-28-month-high-bnb-price-eyes-to-hit-700/">Binance Coin Records 28-Month High! BNB Price Eyes To Hit $700?</a> 
<h2 class="wp-block-heading" id="h-will-solana-price-increase">Will Solana Price Increase?</h2> 
If the bulls push the Solana token price above the resistance level of $170, the price will continue to gain momentum and test its upper level of $185 this week. If the bulls hold the price at that level, it will set the stage for SOL price to attempt to test its upper limit of $200. 
Negatively, a bearish trend reversal will pull the price toward its support level of $149.35. Moreover, if the price continues to trade under a bearish influence, it will plunge and prepare to test its lower support level of $135.45. 
This might interests you: <a href="https://coinpedia.org/price-analysis/top-layer-2-altcoins-poised-for-100-rally-following-ethereums-dencun-upgrade/">Top Layer-2 Altcoins Poised For 100% Rally Following Ethereum’s Dencun Upgrade</a>

Solana (SOL) Price Achieves $165! Eyes $200 This Month?

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