The post Solana Price Prediction: Will SOL Surpass 200$? appeared on BitcoinEthereumNews.com.

Cryptocurrencies Solana (SOL), Cardano (ADA), and Shiba Inu (SHIB) are showing signs of a possible upward trend. The TD Sequential indicator, a popular technical analysis tool created by Tom DeMark, is flashing buy signals on their daily charts. This indicator is known for pinpointing market trend reversals, suggesting that these cryptocurrencies might be poised for a significant rebound. SOL, SHIB, and ADA: Potential for an Epic Rebound Solana (SOL) Price Prediction, Support and Resistance Levels  Solana (SOL) has experienced over 10% increase in the last 24 hours, trading at the moment at about $140, maybe the highest since the market crashed. The critical factor for SOL’s bullish momentum is a decisive break above the daily SMA 200 at $133. A further break above the daily SMA 200 at $156.19 could signal a strong upward move, aiming for highs of $188 and $204. The upcoming days are crucial to determine whether SOL can capitalize on these buy signals and sustain an upward trend. By TradingView – Top Cryptos Performance In addition to the TD Sequential indicator, Solana’s price action suggests a potential 25% price increase. Despite recent Bitcoin dips, which have caused market panic, Solana has shown resilience. If Solana can maintain its current support, it may climb towards the upper trendline and potentially surpass the 200$ price and even score a new target. Yet conversely, if the current support fails, Solana may find further support at $98, $87, and $56. Shiba Inu (SHIB) Price Prediction, Support and Resistance Levels  The TD Sequential buy signal on SHIB’s daily chart suggests that its recent downtrend could be nearing its end. If this signal proves accurate, SHIB may see a resurgence in buying activity, potentially driving the price higher.  A critical first step for a bullish turnaround would be breaking above the daily…

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Filed under: News - @ June 25, 2024 6:22 pm