$SOL Will SOL price hit $30 this week or next week?

Solana’s market capitalization increased by nearly 35% and remains a notable coin on the list of crypto gainers. SOL price maintains its 142% year-to-date growth, bringing new bullish patterns and entry opportunities as the market recovers.

With the possibility of a golden cross and breakout, the price of the Solana coin could soon cross the $30 mark. Therefore, Solana's price predictions for the coming year appear to be bullish.

SOL price formed a bottom just below $18, taking advantage of the demand boost, leading to a breakout of the descending channel. A breakout rally above the 50-day and 200-day moving averages within a few days raises the possibility of a golden cross.

Solana’s price action formed five multiple bullish candles as the descending channel breakout gained momentum. The uptrend is up 26%, back at the $24 mark, and hints at the formation of a round bottom.

Currently, SOL price is trading at $24.64, with intraday gains of

3.23%, the upward trend is close to the round bottom neckline of $25.50.

Since the overall market is in recovery mode and altcoins are ready to return to previous levels, Solana is likely to continue its uptrend. Technical indicators:

MACD Indicator: The MACD and signal lines continue the positive uptrend by avoiding another crossover event. The lines cross above the zero line and the histogram rises higher.

RSI Indicator: The RSI line takes off from the midline and enters overbought territory, marking a highly bullish phase.

Will SOL price hit $30 this week?

Solana is showing higher demand as the trend gains momentum and bullish pressure arises. Additionally, a bullish setup in the altcoin can extend the positive trend. Therefore, SOL price may soon jump from the $24 mark to the upper $30 mark.

On the other hand, Solana price may struggle to rise above the $25.5 neckline and witness a brief pullback.