Solana

$SOL

Solana Eyes Bullish Breakout: Can It Reach $200 in October?

Solana is currently priced at $143.48, with a daily trading volume of $928.94 million and a market cap of $67.23 billion, making it the 5th largest cryptocurrency. Despite a slight 0.50% drop in the past 24 hours, Solana has bounced back from a key support level of $133, signaling potential bullish momentum.

Key technical levels to watch include immediate resistance at $144, which coincides with the 38.2% Fibonacci retracement. Breaking through this resistance could lead to gains toward $147.45 and $150.86. On the downside, support levels are at $139.89, $136.62, and $133.04. If Solana falls below $133, it could reverse its bullish trend.

The Relative Strength Index (RSI) is at 49, indicating neutral market sentiment. A move above 50, combined with a breakout over the 50-day Exponential Moving Average (EMA) at $144.06, could trigger additional buying interest and push Solana toward its next Show Less

https://cryptonews.com/news/solana-price-analysis-as-sol-bounces-from-131-support-can-sol-reach-200-in-october/
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