Solana (SOL) Price Bulls Target $200 As SEC Security Concerns Temper Expectations

Solana (SOL) price is trending north, up 6% alongside other majors like Bitcoin (BTC) and Ethereum (ETH). This new bullish outlook follows two weeks of high volatility caused by tempered expectations in the macro environment and the regulatory landscape.

Solana (SOL) price is trending north, up 6% on the day following two weeks of high volatility. The cryptocurrency market at large is seeing gains in tandem with the broader stock market rally.

Solana Price Bulls Target $200 As SEC Security Concerns Temper Expectations

Solana (SOL) price is up 6% on the day, rallying sharply from lows of $140 to highs of $150. This new bullish outlook follows two weeks of high volatility caused by tempered expectations in the macro environment and the regulatory landscape.

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Solana Price Analysis: Bullish Fractal Plays Out

Solana price technical structure is solid, holding above several key levels like the 200-day EMA and critical support areas at $140 and $130. The Moving Average Convergence Divergence (MACD) indicator is on the cusp of sending a buy signal on the daily range, affirming the SOL bullish case to $200.

Solana has been trapped between $130 and $190, creating a recurring fractal pattern. Past price movements within this range suggest potential recoveries to $190, or even $200, following a recent bounce off the $130 support level.

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