Solana reaches 275 ATAH! Is $300 next in sight?
The cryptocurrency market has experienced a strong bullish turn in the past few days. This has led to major tokens breaching their essential protection level. Additionally, Solana's price made a new ATH above $275 today, indicating an increase in bullish action.
Will the self-proclaimed “Ethereum-Killer” maintain his aggressive streak and hit $300 this week? In this article, we have described Solana (SOL) token market sentiments, price analysis and short-term prospects.
SOL Crypto Records New All-Time High!
The price of Solana increased by 19.61% with a turnover of 24.39 billion dollars, a change of + 141.32%. Following this, the altcoin gained a new ATH indicating the increase in the bullish influence of the altcoin in the crypto space.
The Relative Strength Index (RSI) has breached the overbought territory in the daily time frame. Furthermore, with the average trend on the Solana price chart registering a strong consolidation, this altcoin may continue to gain value in the near future.
The 50/200-day EMA shows a positive curve on the price chart, indicating an increase in bullish price action.
Does SOL cost $300?
If the higher price action continues, the SOL coin price may reach the $300 mark. Let's say, the bullishness gets stronger at that point, which can raise the price of this altcoin to the maximum of 350 dollars.
On the flip side, if the bears outpace the bulls, Solana Token could drop to the $250 support level. Furthermore, if the bulls fail to recover by then, this could drag the price down to the critical support level of $200.
Are you one of the many wondering if SOL coin will hit $1000 this altcoin season? Read our Solana price forecast for long-term secrets!
Questions to be asked
With increasing adoption, this altcoin could reach its highest trading price of $400 this year.
This Solana price may reach the $1000 mark in 2029 as bullish sentiment continues to rise.
At the time of writing, the price of one SOL token was $269.50.
