Just as the asset presses the accelerator close to the $170 mark, potentially altering the trajectory, Solana is getting ready for its comeback. I hope that the price level that was indicated in the post’s headline proves to be prophetic soon. It appears from recent price activity that Solana may be getting ready for a big breakthrough when it hits the $180 mark in the near future.
Turning on the technical indicators now, the price of Solana on the daily chart has several buy signs. In an upward rally, the 50-day moving average serves as a crucial support level, and the price has maintained above it correctly. The rising RSI indicates increasing buying pressure and still has potential to rise until it hits 70. It is already above the 50 mark.
In the meanwhile, volume has increased significantly over the past few days, a sign of rising investor confidence and growing demand for Solana. Additionally, the MACD indicator maintains that when the MACD line crosses the signal line, the bullish indications remain intact. Naturally, Solana’s path to $180 will be quite difficult; the first significant obstacle is located at $175, a level at which the price has already encountered resistance.
Should Solana succeed in crossing this, the $180 level will be the next objective. The bull movement may continue much higher and target the $200 mark if Solana is able to breach this level one more. Before the release of the Ethereum ETF, investors had high hopes. Analysts predict that Solana will be the next ETF to be released. However, it would be prudent to hold off until the Ethereum ETF is confirmed.
