Will SOL Price Make it to $150 Before the End of September?

The September trade has historically been bearish, with the crypto markets losing billions. However, the scenario is expected to change as the markets have triggered a fine rebound, including the top tokens.

Crypto traders are keeping a close eye on the Solana (SOL) price as it undergoes a significant reversal. The token has been displaying strong resilience compared to other altcoins, and its price has remained above key support levels despite the broader market sell-off.

The SOL price experienced a notable upswing on September 22, surging by over 8% in the past 24 hours and reaching levels above $140. This price action comes as the token experiences high volatility due to the close monitoring by traders.

The token's 80% bullish sentiments and the closure of the monthly trade near $150 are anticipated with the presence of more bulls.

Solana Token Shows Strong Presence Of Bulls In Lower Time Frames

The SOL price has maintained all the key support levels at a time when most of the altcoins were down by 50% from their highs. Additionally, the Fed rate cuts have played a role in helping the token break the consolidation that it experienced for nearly a month.

The token is poised to break out to around $150 if the bulls defend the newly formed support at $138.

Is SOL Price Heading Towards $150 Before October?

The September trade has usually been bearish, with the crypto markets losing billions. However, the scenario is expected to change as the markets have triggered a fine rebound, including the top tokens.

The SOL price has broken past one of the crucial resistances at $140 and the 50-day EMA at $141.16, and a daily close above these levels is likely to confirm a move above the bearish influence.

Secondly, the DMI levels +Di & -Di are heading for a bullish crossover, indicating a change in a strong flip in the trend.

Therefore, the Solana price is likely to maintain a healthy upswing for the rest of the month and achieve $150 if the bulls sustain above the gained levels.

Hence, the next few days could be crucial for the Solana (SOL) price rally, as a bullish continuation may elevate the levels towards $200 in Q4, but a rejection may drag it back to $120.