Trading volumes have exceeded the 14-day average for six days in a row and today does not seem to be the exception

Solana is nearing an area where trading volumes are strong. The key resistance to watch at this point is the $200 level.

Trading volumes have exceeded the 14-day average for six days in a row and today does not seem to be the exception as trading activity spiked after the American session started.

Solana is nearing an area where trading volumes are strong. The key resistance to watch at this point is the $200 level.

Our short-term target of $180 from a recent Solana price prediction has already been hit. Based on the latest price action, the next targets for SOL could be set at $212 and $300 as long as the $200 level gets cleared.

Although ambitious, this $300 price target is reached based on an analysis of historical patterns. SOL’s 21-day and 200-day EMAs look poised to make a bullish crossover known as a ‘golden cross.’

The last time this happened, the price experienced a 70% boost in just four months. If a similar situation unfolds this time, as the token’s trajectory suggests, SOL’s price target could be set at $300 just to start.

As long as the 21-day and 200-day EMA hold, Solana’s outlook continues to be bullish. Meanwhile, a break below these indicators could ignite a much deeper correction, possibly as the rally may have lost steam amid the absence of strong demand at these price levels.