Solana Price Prediction as SOL Rallies Past $150 Zone – New All Time High Incoming?

#BinanceLaunchpool #bitcoinhalving #BullorBear #BTC #bitcoin SOL has gained by a very modest 0.2% in the past 24 hours, with the Solana price moving to $154 today and posting a 13% increase in a week.The coin does, however, remain down by 11% in the last 30 days, although it sits on an impressive 600% rise in a year.This shows just how strong SOL has been in recent months, and with its medium- and long-term momentum remaining promising, it could easily achieve a few more rallies in the near future.

Solana Price Prediction as SOL Rallies Past $150 Zone – New All-Time High Incoming?

SOL’s chart is definitely in a good place right now, with its indicators continuing to signal ongoing growth.After taking a dip earlier this morning, SOL’s relative strength index (purple) has just climbed over 50 and looks ready for another ascent towards 70. Something similar applies to the coin’s 30-day average (orange), which rose above the 200-day (blue) a couple of days ago and still has space to rise further. Another bullish sign comes from SOL’s resistance (red) and support (green) levels, which are not only rising but also converging towards each other at a higher level.This could suggest that a big jump isn’t too far away, with Solana’s trading volume currently standing at a healthy $3.2 billion.

However, there are signs that whales may still be in selling mode, meaning that the Solana price could dip once or twice before we see a concerted recovery.That Solana and the wider market are both a little shaky right now is perhaps not surprising, given that last week’s Bitcoin halving has put pressure on miners.We’re also in the middle of an unsettled period in terms of macroeconomics, with the latest reports suggesting that the Federal Reserve may delay its much-anticipated rate cuts.Still, such cuts will arrive sooner or later, while the last Bitcoin halving will – if history is any guide – gradually boost demand.