Can SOL Price Touch $200 This June As Intraday Recovers?

Bittime - Can SOL price touch $200 this June when intraday starts to experience a significant recovery?

Hopes for SOL when Bitcoin is sluggish appear, the crypto market is expected to find enthusiasm again.

SOL (Solana) Price Performance

With the surge in Ethereum prices, other altcoins are experiencing a wave of positive and upward trend momentum. 

In the midst of this market recovery, Solana's main token , SOL, experienced a decline in price after experiencing a decline the day before.

The sudden change in Solana price trend shows the potential to recover with the support of the overall market recovery. 

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Despite a 4.10% decline, SOL managed to reverse its bearish trend after dropping 10% in the previous 48 hours. 

With the altcoin's strong recovery, Solana showed an intraday increase of 1.92%.

Source: https://coinpedia.org/

Price Correction Moment

The ongoing price correction created a new upper boundary line in the daily chart, which kept the price recovery in check. 

Currently, the price of SOL is around $140 and shows a bullish candle pattern which follows the previous candle pattern which was also bullish.

Also Read: Ethereum Breaks Record as Bitcoin Users Leave the Network Due to Bearishness

Additionally, the downside price rejection on the latest candle, especially near the demand zone around $125, increases the chances for this altcoin to gain positive momentum in the near term. 

If the overall market recovery continues, altcoins like SOL could possibly continue their rise towards new highs and the potential to break through resistance.

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Can SOL Price Touch $200?

After experiencing an intraday recovery, SOL price is showing signs of bullish recovery which makes it possible to break the previously broken trend line. 

In the event of a breakout, there will be a great opportunity for the uptrend to return above the previously broken support trendline.

With reference to the Fibonacci levels, it is likely that Solana price may reach the next resistance trendline at around $170. 

Armed with optimism, in the event of a breakout rally, it could result in a price surge towards the psychologically significant mark of $200.

How to Buy SOLANA (SOL) on Bittime

You can buy and sell SOLANA (SOL) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

SOLANA (SOL) is available on Bittime with the market pair SOL/IDR . To be able to buy SOL IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Read Solana Buying Guide on Bittime.

Monitor the chart movements of Solana (SOL) , Bitcoin (BTC) , Ethereum (ETH) , and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.