CEO Is Super Bullish On Solana, Predicts SOL To 2X If This Pattern Is Confirmed
Raoul Pal, the founder of Real Vision and one of crypto frequent commentators, thinks SOL, the native currency of Solana, a smart contract platform, has “been extremely bullish all year.” In Pal’s assessment, the coin will likely double in the next few sessions, especially if there is a welcomed breakout above the immediate liquidation level. Taking to X on October 20, the founder noted that SOL has rallied by 171% in 2023 alone. At the same time, looking at technical candlestick arrangements, the immediate resistance level that traders should watch out for is $30. This....
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Solana Price shot up by 8% over the last 24 hours, painting a bullish chart. Over the past week, the altcoin soared almost 17%. This made Solana one of the top gainers in the past week. Solana has been able to break past its $33 mark and has turned bullish on its chart. It also formed a bullish pattern, thereby giving hope to traders. Solana might encounter rigid resistance at the $41 price zone. Many altcoins have managed to flash signs of optimism as Bitcoin started to trot up on its chart. The technical outlook pointed toward the bulls taking over as demand for Solana shot up. Traders....
A crypto analyst has predicted that Solana (SOL) is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800. Solana Sets Sight On $1,800 Price Increase In a recent X (formerly Twitter) post, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding Solana’s future price outlook. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs. Related Reading: Here’s Why The Bitcoin Price Crashed Below....
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High As $1,400 Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst Martinez predicted that Solana could rise to as high as $1,400, revealing that Solana is looking “a lot like July 2021.” July 2021 was when SOL began its parabolic run in the last market cycle, going from about $30 to its current all-time high (ATH) of $260 in....
The upside setup for SOL price appears despite Solana-based investment products seeing significant capital outflows. The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar.A $150 SOL ahead?Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment exhausts, leading to a sharp upside retracement and a breakout move....
Since reaching an all-time high of $259.90 on November 6, Solana has been declining. It has been following a declining resistance line throughout the decline, which was most recently validated on March 2. Solana Bulls May Push Price Above $100 So far, the price has dropped to $75.35 on February 2. The subsequent bounce confirmed the $73 area as support. This is a horizontal support area as well as the 0.786 Fib retracement support level. SOL is currently trading at a 66% decrease from its all-time high. Solana’s price is on the verge of completing one of the most significant....