Will SOL Price Hit $200 Before the End of the Month? Here's When

Solana is trading within a very narrow range, facing equal bullish and bearish pressures, suggesting an explosion could be on the horizon

Solana price showcases a dull & narrow trading range, hinting towards an upcoming blast

Solana price, after rising over $97,000, has again dropped below the range that has again interrupted a continued bullish trend. With this, the selling pressure over the Solana price prevented the price from securing the highs above $190. However, as less buying pressure was witnessed, the bulls managed to defend the support, hinting towards a potential ascending trend. Now the question arises: will the SOL price reach $200 before the month ends?

Solana, over the past few months, has gathered immense attention with its technical and fundamental developments. Be it emerging as a potential candidate for ETF approval or excelling in AI integration, which aims to power over 70% of the AI agents, the SOL price is bound to attract bullish sentiments. With this, a massive liquidity, in billions, is expected to enter the markets, which will eventually propel the SOL price rally towards new highs. Here’s when.

Solana price showcases a dull & narrow trading range, hinting towards an upcoming blast

Solana price, after rising over $97,000, has again dropped below the range that has again interrupted a continued bullish trend. With this, the selling pressure over the Solana price prevented the price from securing the highs above $190. However, as less buying pressure was witnessed, the bulls managed to defend the support, hinting towards a potential ascending trend. Now the question arises: will the SOL price reach $200 before the month ends?

Solana, over the past few months, has gathered immense attention with its technical and fundamental developments. Be it emerging as a potential candidate for ETF approval or excelling in AI integration, which aims to power over 70% of the AI agents, the SOL price is bound to attract bullish sentiments. With this, a massive liquidity, in billions, is expected to enter the markets, which will eventually propel the SOL price rally towards new highs. Here’s when.

Solana price weekly chart showcases an exaggerated price squeeze after the recent drop from levels above $215. However, as the token is secretly cosolidating, it might push the price towards the upper Bollinger Band (BB) and eventually breach it. This might further hike the chances of rising above $200.

The recent rise has pushed the price above the ascending trend line (dotted, white) and might eventually hike the chances of breaching the $200 resistance. Interestingly, the Directional Movement Index (DMI) showcases a divergence in the +DI & -DI levels, which might further raise hopes for a bullish crossover hinting towards a major trend change. On the other hand, the Moving Average Convergence Divergence (MACD) is on the verge of validating a bullish crossover and might possibly enter the positive range, suggesting the beginning of a fresh ascending trend.

Once the Solana price manages to slice through the resistance zone, a rise to $225 might be validated, but only with a massive buying volume. Till then, the price might continue to showcase horizontal consolidation below the levels of $250. However, market sentiments are bound to rise later this year and with this, a strong ascending trend might be validated.