Solana may break through the $ 200 level

Cryptocurrency industry experts note: Solana SOL $127.11 Binance-Peg SOL -6.72% Market capitalization $0.14 billion VOL. 24 hours $0.48 billion is preparing for a potential breakout. The virtual coin is currently trading in a range, forming an expanding wedge on the daily chart. This is a technical pattern that precedes increased volatility and can signal a strong price movement. Analysts point out that if SOL overcomes the key level of $ 150-$ 160, it will open the way to $ 200 and higher.

Potential growth and support levels for SOL:

• Resistance levels: $ 177, $ 203, $ 224, $ 245, $ 270
• Support levels: $ 133 (high demand zone)
• Key breakout zone: $ 150-$ 160

If Solana consolidates above $ 145, it will confirm the resumption of the uptrend and may accelerate the movement to higher resistance levels. However, failure to overcome key levels could lead to continued consolidation in the range of $ 130-$ 145.

Solana is showing signs of a potential breakout, but investors should keep a close eye on trading volumes and RSI levels. If the bulls can keep SOL above $ 150, it could signal a new rally that will push the price to $ 200 and beyond.