Crypto Express

08/09 11:21

Solana is set to rally toward $300

Solana is set to rally toward $300 by the end of the year

The 1-week chart showed that Solana tested the liquidity around the $100-$120 mark in March earlier this year. The bulls defended this area well, forcing a bullish structure shift over the summer.

Since the lows at $120 have been tested, the next long-term price target is the $260-$290 region.

The weekly chart showed that SOL is poised for such a rally. The local resistance at $200 could delay the bulls’ progress, but the coming months were likely to prove bullish for the altcoin.

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