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Solana Price Forecast – SOL Price Soars 2% as Bulls Target $181 Mark

Highlights:

  • Solana’s price rallies 2% to the $133 mark as the community sentiment remains bullish. 
  • Technical indicators paint the bugger picture bullish, as bulls target the $181 resistance key.
  • SOL trading volume soars 1%, indicating renewed investor confidence. 

As bullish momentum builds, the Solana price has soared 2% to $133. The steady rise in SOL price is accompanied by its daily trading volume, which has spiked 1% to 1.84 billion. Moreover, the community sentiment on the Coimarketcap is 85% bullish on Solana’s price. 

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A crypto Altcrypto Gems, a well-known analyst, has highlighted via X that the SOL bulls seem in control. He has elaborated, noting that we came down to weekly demand and Fibonacci golden pocket and got a pretty decent bounce. As long as SOL holds above the $120 level, the analyst has said, ‘ we are in the buy-the-dip mode.’

The Solana price has flipped bullishly, breaking out of a descending parallel channel. Based on the daily chart outlook, SOL price is up 2% to $133, flipping the $130 area into support level.

The bulls seem to be gaining strength, which could cause Solana’s price to reclaim the $150 mark. Currently, the SOL price faces a strong immediate resistance at $181, which coincides with the 200-day MA. The SOL price can break down to $200 with renewed investor confidence. 

Solana Price Outlook

Solana’s price is sitting comfortably at $133, wagging its tail just shy of the $150 mark—a number that has become both a goalpost and a rallying cry for its army of supporters. While SOL isn’t known for quiet moves, the path to $150 may hinge on more than just speculative hype this time.

With the altcoin momentum bubbling across the market and retail traders ready to pounce on the next viral surge, Solana doesn’t need a miracle—just a spark. And if history has taught us anything, SOL is never too far from catching fire when the moment is right.

With the bullish momentum in the picture, if the SOL bulls hold above the $130 support level, a rally toward $150 could be plausible. If it breaks above the $150 mark, the bulls could be in for a rally, targeting $170, $175, and $181, which aligns with the 200-day MA. 

Solana price
SOL/USD 1-day chart: TradingView

The technical key indicators also paint the bigger picture as bullish, tilting the odds toward the upper side. A closer look at the Relative Strength Index (RSI) upholds above the 50-mean level, suggesting intense buying pressure. Moreover, there is still more room for the upside before the XRP price is considered overbought.

Further, the MACD indicator has flipped above the orange signal line, calling for traders to rally behind SOL. If the MACD continues its steady upside trajectory toward the positive area, it will affirm the bullish grip in the SOL market. 

However, if the $181 resistance level proves too strong, the SOL price could plummet. Moreover, if investors commence early profiteering, Solana’s price will drop. In such a case, the $130 support area will be in line to absorb the potential selling pressure. If the sling momentum bolsters and the $130 support level gives way, the bears will dwindle the price toward $127, $117, and 112, respectively. In the meantime, traders should monitor the $181 resistance level and $130 support zone to determine the next move in the SOL market. 

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