SOL Price Above $150 Eyes $200SOL Price Hits $150: Solana has reached the $150 psychological level, gaining 5.47% intraday, signaling strong bullish momentum.
14.50% Surge in 3 Days: Over the last three days, SOL has surged by 14.50%, creating three consecutive bullish candles, indicating a robust upward trend.
20.52% Two-Week Rally: In the past two weeks, Solana's price has increased by 20.52%, with the $125 support level serving as a key foundation for this rally.
Approaching Key Resistance: Solana is approaching the neckline of a rounding reversal at the $160-$163 supply zone, which could lead to further gains if it breaks this resistance.
EMA Breakout: A 6.36% price jump last night resulted in a bullish engulfing candle that pushed SOL above both the 50-day and 200-day EMAs, eliminating the chance of a death cross.
RSI Near Overbought: The daily RSI has spiked to 61.58 as the price rises above $150, approaching the overbought zone, indicating increased buying pressure.
Triple White Soldier Pattern: Solana has formed a bullish triple white soldier pattern, hinting at continued momentum and a likely breakout above the $163 supply zone.
Rounding Bottom Breakout: The rounding bottom pattern forming in Solana's chart suggests a breakout rally that could trigger a strong BUY signal for traders.
Q3 & Q4 Historical Performance: Solana's strong historical performance in Q3 and Q4 could further fuel the price action, potentially leading to a breakout.
Potential to Reach $200: Based on the current momentum and technical indicators, SOL has a chance to break the $200 mark in October, especially with ongoing developments.
Targeting 52-Week High: A breakout beyond the $160-$163 supply zone could see Solana aiming for its 52-week high, with $250 as a potential upside target.
Key Support at $125: The $125 level has provided strong support for Solana, acting as a crucial price floor during recent upward movements.
