Solana Price Prediction: Will SOL Price Surge 100% in March?

The post Solana Price Prediction: Will SOL Price Surge 100% in March? appeared first on Coinpedia Fintech News

With the altcoins in a frenzy, Solana finally enters the uptrend party with a three-day bull run, resulting in a breakout run. Ranking at #5 with a $60 Billion market cap, the SOL price surpasses the $135 mark and hints at crossing the $150 milestone shortly.

As the altcoins are gaining momentum, with the Bitcoin rally showing immense strength, Solana is predicted to be one of the top performers this month. Will this top performer find its way to $500 this month? Well, for such curiosities, check out our SOL price prediction that projects a strong uptrend for Solana. 

Can Solana Price Break Above $150?

With a cup and handle pattern breakout, the SOL price presents a remarkable bullish trend. As the altcoin completes a successful retest of $100, the buyers lift off the prices to new heights, a new 52-week high. 

Source – TradingView

Currently, the SOL price trades at $135 with an intraday gain of 7.41% and teases the third and final installment of the triple white soldier pattern. Further, in the last seven days, the altcoin price has increased by 35%, reflecting a significant reversal. 

With Solana finding shillers like SBF who believe in the ecosystem from within the jail, the overall sentiment is extremely bullish. Hence, the possibility of SOL price crossing the $150 mark is imminent. 

Technical Indicators:

MACD Indicator: The MACD and signal lines give a bullish crossover, highlighting a trend reversal for Solana. Moreover, with the ongoing bull run, this crossover bolsters the bullish momentum. 

Will SOL Price Surge 100% In 30 days?

With the bullish trend reversal crossing the 50% trend-based Fibonacci level, the SOL price is finding immense buying pressure. Further, the market-wide recovery propels the altcoin for a new run, potentially surpassing the $150. 

On an optimistic note, the rising demand and the growing volume with the ongoing breakout sets the stage for a longer run. Solana can reach the $200 mark or 1.618 Fib level at $244 in such a case.