SOL Price Crosses $200 Milestone, What’s Next For Solana?

Mar 18, 2024 06:00 am Cryptocurrency 74

Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term.

SOL price gained bullish momentum and cleared the $200 resistance against the US Dollar.

The price is now trading above $200 and the 100 simple moving average (4 hours).

There is a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL/USD pair (data source from Kraken).

The pair could continue to rally if it clears the $205 and $212 resistance levels.

Solana Price Extends Rally

Solana price remained strong above the $150 level and extended its rally. There was a decent increase above the $165 and $180 levels.

The price is up nearly 20% and there was a move above the $200 level, outperforming Bitcoin and Ethereum. A new multi-month high was formed ..

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