Solana Price Eyes $300 After Breaking Past $210

As the global crypto market exhibits a positive trend, SOL is also following suit, securing a remarkable 15% monthly hike. Sparking widespread optimism, the Solana price has surged past the critical $210 level, last seen in February. With the cryptocurrency showing the potential for a continued uptrend, all eyes are on its next target.

SOL Hits $210, Moves Higher

Currently, the Solana price is performing well, in line with the broader digital asset market trend. The $3.92 trillion industry is now up by 1.67%, with all top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, SOL, and Binance Coin (BNB) making significant gains.

Among them, SOL is a major contender, securing nearly 5% uptick over the past 24 hours. Currently priced at $211.12, the coin is up 13% in a week and 15% in a month. The traders’ sentiment is also positive, which is evident from the notable hike in the daily trading volume. At press time, the volume is recorded at $12.62 billion, with a remarkable growth of 37%.

Is $300 Target Possible?

As the market continues to evolve, many are now wondering if the Solana price is poised for another significant price jump. They are watching to see if the crypto could reach $300 as its next target point. As investors eagerly await the next move, analyst Sheldon The Sniper put forward a bold prediction that the altcoin will hit $300 in the near term.

According to his analysis, the token has broken past the pivotal resistance zone of $205. Citing historical patterns, the analyst suggested that SOL’s current trajectory signifies its next stop at $300.

Interestingly, the Solana price has decisively breached the $200 mark and hit $211 after a 36-day consolidation within an ascending triangle formation. Over the past month, SOL's price fluctuated between $179 and $212, with the $205-$207 resistance zone previously thwarting rally attempts three times since March. Thus, the final breakout hints at the altcoin’s continued bullish momentum.

Notably, this bullish ascendance coincides with the blockchain platform’s decision to venture into the hardware space. The team is launching its inaugural handheld gaming console this October. Play Solana, a project building a Web3 gaming device on the blockchain, has confirmed that its PSG1 device will start shipping on October 6.