{"id":266555,"date":"2024-03-17T19:27:16","date_gmt":"2024-03-17T13:57:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-solana-price-recovery-surpass-200-this-week-crypto-news\/"},"modified":"2024-03-17T19:27:20","modified_gmt":"2024-03-17T13:57:20","slug":"will-solana-price-recovery-surpass-200-this-week-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-solana-price-recovery-surpass-200-this-week-crypto-news\/","title":{"rendered":"Will Solana Price Recovery Surpass $200 This Week? – Crypto News"},"content":{"rendered":"

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Making waves in the recovery week after the short market-wide correction, Solana<\/a> comes out as a top performer in the top coins segment. With the growing demand in the altcoins segment, the fifth-largest altcoin is well above the $80 Billion valuation. Amidst this recovery, the SOL price is preparing a bull run beyond the $200 milestone. Heading for a new all-time high, is this the best time to enter long?<\/span><\/p>\n

Also Read: Solana Outage: Latest Resolution Hacks Teased by Developers<\/a><\/p>\n

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High Momentum Rally Sets SOL Price For Next Breakout<\/b><\/h2>\n

With a bullish reversal in the weekly chart, the SOL price showcases a remarkable trend reversal. Amidst the growing market, the trend momentum is on the rise as the weekly returns for the altcoin are growing, evident by the bullish engulfing candles.\u00a0<\/span><\/p>\n

With a 25% jump this week, the Solana price<\/a> is ready to challenge not just the psychological mark of $200 but also the 78.60% Fibonacci level. Further, the weekly chart showcases the third consecutive bullish candle, reflecting the high momentum bullish trend in motion.<\/span><\/p>\n

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With more than a 1000% jump in the 180 days, Solana is undoubtedly one of the top performers and writes a spectacular bullish reversal story. Considering the uptrend continues in 2024, the skyrocketing prices of Solana could easily surpass the $250 mark.\u00a0<\/span><\/p>\n

Also Read: 3 Reasons Why Solana Price Could Tumble To $140 Before Blasting To $200<\/a><\/p>\n

Where Will The Reversal Rally Lead Solana To?<\/b><\/h2>\n

\"BINANCE:SOLUSDT

Currently, the SOL<\/a> price trades at $186 with an intraday gain of 2.35%, marking a positive continuation. Further, with the market bouncing back as Bitcoin reclaims the $70,000 mark, the altcoins are expected to gain momentum.\u00a0<\/span><\/p>\n

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As per the Fibonacci levels, the turnaround in Solana price is extending the bull run and could shortly exceed the $200 mark. If the bull run continues, the $200 mark could easily pump the altcoin\u2019s market value to the $250 mark and lead to a new all-time high formation.\u00a0<\/span><\/p>\n

Also Read:Solana Genesis Day: Options Traders Prepare for Further Upside As SOL Price Nears $200<\/a><\/p>\n

Technical Indicator<\/b><\/h2>\n