#Solana has established a strong support base above $130 and has recently begun a notable uptrend.
The price of SOL has surpassed the $150 milestone, marking a significant achievement in 2024 after two years.
SOL's price has initiated a parabolic recovery, reaching the neckline of the curve, supported by three consecutive bullish weekly candles.
A breakout above $163 or the 61.80% Fibonacci level would strengthen the case for a bullish rally towards $200.
Following the breakout of the 50% Fibonacci level, SOL's price is targeting the $250 peak.
Bullish momentum is evident above $150, with potential to exceed the $162 resistance level soon.
Solana's four-hour chart reveals a pattern of sharp price spikes, consolidation, and subsequent major breakouts.
Market sentiment shows a struggle between buyers and sellers, with dips suggesting seller scarcity, while bulls target breaking $153 resistance.
SOL's price may reach $175 in the coming weeks, aiming to enter a pivotal resistance zone just below $200.
According to Coingabbar's analysis, Solana price prediction 2030 anticipates it to hover near $500, while Solana price prediction 2040 potentially reaches $1000.
KEY LEVELS :
RESISTANCE LEVEL : $160-$170
SUPPORT LEVEL : $145-$137
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
