Solana Price Prediction as SOL Surges Past $150 – Time to Buy?

cryptonews.com:

SOL has broken the $150 resistance level, with the Solana price reaching $152.06 today and recording a 15% gain in a week.

Solana is also up by 37% in a fortnight and by 43% in the last 30 days, with the altcoin also posting an enviable 670% rise in a year.

Yet given that the coin remains 41% down from its all-time high of $260, it could still rise much higher during the current market-wide bull rally.

There’s no doubt that momentum is on Solana’s side right now, with the coin’s indicators continuing to indicate incoming gains in the near term.

Its relative strength index (purple), for example, is on course to reach 80 in the next day or so, having dropped to nearly 60 a week ago.

This signals rising buying pressure, as does SOL’s 30-day average (yellow), which continues to rise aggressively above the 200-day (blue) average and highlight how the coin remains in a very bullish growth phase.

Solana’s volume is also worth remarking on at just above $6 billion, which is up from about $1.5 billion a month ago.

This suggests big demand for the coin, with CoinShares’ latest Digital Asset Fund Flows report showing that SOL saw the biggest inflows of any alt over the past week, beating Ethereum.

This all suggests that the Solana price may continue to witness gains in the near and more distant future, with data showing that whales continue to move around large amounts of the token.