SOL price to earn $180 next week?
Amidst the ongoing bullish recovery in the crypto market, Solana price successfully regained the $150 mark. Moreover, the altcoin is on the verge of testing the important resistance level of $155, which indicates increasing price action in the crypto market.
Following this, Solana-based tokens recorded similar price action, adding significant value to their respective portfolios in a short period of time. Given the current market sentiment, is this the right time to invest in Solana? Log in to discover potential short-term pricing opportunities.
SOL Crypto price retests the important resistance level.
A ~3% jump in the last 24 hours with a trading volume of $2.83 billion, kept Solana's price above $150. Moreover, it jumped by 16.92% in the last week, which indicates an increase in the buying pressure for the altcoin in the market.
Despite registering a correction of ~7% last month, it has given its long-term investors a year-to-date (YTD) return of +48.04%. This indicates the possibility of more brutality in the future.
Solana has the highest daily user activity
Due to the increasing volatility in the crypto market, Solana has surpassed other chains by registering 22.2 million daily active users on its blockchain. In particular, the Tron chain recorded the highest active users at 15.3 million.
Other top chains include BASE with 9.8 million, Ronin with 8.11 million and Toncoin with 7.08 million. According to the data collected on September 25, Solana has overtaken the major blockchains, indicating the increasing acceptance of this chain in the crypto market.
Will SOL price recover $200 this Q4?
A significant change could cause Solana Crypto to break out of the $155 resistance level and head towards the $181 resistance level in the near term. Keeping the price at that level could lead this altcoin to annual highs above $200 in the coming months.
However, a bearish reversal may drag the price of SOL token to a critical support line in the near future.
Interested in learning more about SOL price targets going forward? Read our Solana price forecast
