Solana Price Analysis as SOL Bounces From $131 Support – Can SOL Reach $200 in October?
Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
The Solana price is currently $143.48, with a 24-hour trading volume of $928.94 million. Although it has dipped by over 0.50% in the past 24 hours, it remains the 5th largest cryptocurrency, boasting a market cap of $67.23 billion.
With a circulating supply of around 470 million SOL coins, Solana’s recent rebound from its key support level of $133 suggests a potential bullish move ahead.
Solana’s recent recovery stems from a strong support zone at $133, which aligns with an ascending trendline observed on the 4-hour chart.
This upward momentum has pushed SOL to test the immediate resistance at $144, aligning with the 38.2% Fibonacci retracement level.
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