Can Solana Price Target $180 Next? Sentiment Turns Bullish
The post Can Solana Price Target $180 Next? Sentiment Turns Bullish appeared on BitcoinEthereumNews.com.
Solan (SOL) price was poised for a potential reversal, with its market participants turning bullish despite the sell-off from PumpFun. Keep reading to learn how Solana price may perform in the near future. Solana Price Prediction After a strong uptrend, Solana price maintained its position at $148.70 while it approached the critical resistance area around $180. That matched its 200-Day Moving Average (MA). Throughout its history, this major average functioned as a flexible indicator for trend changes during each point of contact and crossing. SOL reached this resistance level at the beginning of March before starting a steep downward movement. The price needed to break through $165 while maintaining upward momentum. Thus, Solana price could rise toward $180. This altcoin could establish a long-term trend change if it maintains a breakout above the $180 level while opening a possible test between $200 or higher levels. Solana daily chart | Source: Trading View A pullback to the $141–$135 range would be likely if SOL failed to break through $180 and resist the 200-day MA. The ascending pattern of higher swing lows since hitting $90 suggested positive trends could continue. However, weak buying pressure between $165 and $170 might cause market uncertainties for traders. The $180 level was the make-or-break deciding point in market direction. That’s because a drop below this level may initiate an upper limit on gains. However, a continued rise above it would push bullish hopes for May highs. Sentiment of Market Participants Again, the sentiment gauges on Solana showed moderately positive values. The Crowd Sentiment stayed at 1.19 while Smart Money Sentiment reached 0.93. Those values maintained positivity, but restrained positions indicated institutional and retail players favored higher prices. They remained cautious, though. The positive market signals between both sentiment measures created a healthy environment for continued Solana…
