Solana price analysis: We expect SOL to hike to $500 if it breaks the $200 resistance

TL; DR Breakdown Solana began the daily price analysis chart with a positive trend.Solana’s price has been driven by strong bullish pressure over the past few weeks.We are optimistic for SOL/USD to advance higher over the next 24 hours. Solana price analysis: General price overview Solana began the daily price analysis chart with a positive trend. The bulls dominated the market, pushing prices up in a cup and handle pattern that sent them to intraday highs of $175.56. The bears created a strong resistance at the intraday highs, making the price to fall in a descending triangle. Several support levels were established by buyers. However, they were overcome by the powerful sellers. The bearish trend continued until the price reached its lowest point of the day, at $152, where buyers had gathered their weak force to stop the downward momentum. Today’s Solana price analysis shows that SOL/USD is bearish. Today the coin is trading at a low of $152. This follows a successful week during which the value rose to $220 and then corrected to $170 during yesterday’s session. We expect the coin to begin an upward momentum as the bull’s eye $180 mark. Our daily Solana price analysis shows bullish indications as the market rebounded from the lower Bollinger Band and tested $152.5 support following a bearish weekend, indicating that we are optimistic for SOL/USD to advance higher over the next 24 hours and break above anoth...