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Can Solana reach $175 after SOL’s recent rebound? Read here

SOL price saw a meltdown on Monday but eventually, bulls seized the two technical entry points. Bulls are holding the cards at $145 and will try to push the price above $150 for more profits. 

New Delhi: Solana’s price took the crypto world by the storm when it smashed its All-Time High mark of $101.92. Solana’s “wormhole project” gained popularity in the crypto ecosystem.

Solana has been moving with an upward swing since the beginning of the year 2021 and has already nailed an awesome growth rate of over +3,000% in the last 12 months. It is awesome to see that a coin has managed to gain momentum with a rate of 3,000% within a span of 12 months.

Solana’s “Wormhole project” is the bi-directional bridge that will allow projects, platforms, and communities to move tokenized assets across blockchains

SOL price saw a meltdown on Monday but eventually, bulls seized the two technical entry points. Bulls are holding the cards at $145 and will try to push the price above $150 for more profits.

Solana price hits new all-time high; Will SOL hit $200 in 2021?

It is being reported that Solana is in a correction phase and still its price behaved better than other alt-coins. Bulls took over SOL from $121.67 which is the 50% Fibonacci retracement mark from the high of September. The red descending trend line had its four tests for going upside before bulls get over it and right now it is also acting as the support level for the bulls.

SOL is trading at the 38.2% Fibonacci level at 145.20, $150 is just above the R1 monthly resistance level and bulls will work to squeeze the sellers out of their attempts to make another downside run.

As per the analyst, Solana’s buyers will push and try to keep it above the $150 mark which will attract more buyers and it can possibly open the gates of hitting $174 mark by the end of this week.

Top cheap Altcoins to invest in July 2021

Will Solana reach $200 soon?

The charts depict that Solana has performed awesome over the past few days and the price shows a bullish signal. As per the experts, SOL will hit $200 by the end of 2021

Where will it be in 2022?

it can easily hit  $300 by the end of 2022.

Where can it reach by the end of 2023?

It is expected to reach $450 by 2023 and It is expected that Solana can rise to $500 within the year 2025.