Solana hits new all-time high against Ethereum, but is $200 SOL price within reach?
Solana’s price could rally to $200 if SOL manages to flip $148 into a support level, technical analysis suggests.
Solana’s (SOL) price hit a new all-time high against Ether (ETH) on Aug. 7, and traders are eyeing a potential breakout to $200, a level not seen since March.
SOL’s price has entered price discovery, hitting an all-time high of 0.06211 against ETH, according to data from Binance and TradingView.
The SOL/ETH trading pair has been forming higher highs on the daily chart since June 23, suggesting that more upside is possible.
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Author: Zoltan Vardai
