Solana Price Eyes Surge To $260, But Losing $190 Could Ruin The Rally
Solana has extended its price decline below $200, but technical analysis shows that it continues to trade within a bullish setup. At the time of writing, Solana finds itself trading close to a support level that could determine its next major move. This is because technical analysis shows that Solana is currently trading in a parallel channel that could drive prices to new highs, but holding above the $190 support level is crucial to this outlook. Related Reading: XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says Solana’s Parallel Channel Supports Bullish....
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Crypto analyst MadWhale has suggested that the Solana price could witness more downward pressure in the coming days. Specifically, the analyst predicted that SOL was at risk of a decline to $125 as it retests a key support level. Solana At Risk Of A Drop To $125 With Support Retest In a TradingView post, MadWhale predicted that the Solana price was at risk of dropping to as low as $125 with the retest of the $164 price level, which is a key support level on the horizon. The analyst noted that this is a pivotal support level that has previously proven strong. However, he warned that it....
SOL’s price shows strength as it bounces from a downtrend range after losing its key Support to a region of $28. SOL faces a major issue to hold above Support and trend higher above $34 after the price broke out of its downtrend descending triangle price movement. SOL’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Solana (SOL) bounced from its low at around $27.5 after losing its key Support and reclaiming this important region as the price of Solana (SOL) eyes more rallies if the....
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....
Solana (SOL) continues to dominate the crypto chatter with its recent ascent to an 18-month pinnacle, nearly hitting the $70 mark and capturing the gaze of eager investors. The limelight on the crypto extends beyond its price surge, as DefiLlama reports a noteworthy surge in the trading volume across Solana’s decentralized exchanges (DEXs). In the […]
Crypto analyst Jacob Canfield has laid out a comprehensive analysis, suggesting Solana (SOL) could be on the brink of an unprecedented market surge. “In my opinion, I think that Solana is going to continue to be one of the biggest movers during this current bull market cycle,” Canfield states, proposing that Solana could potentially escalate its market dominance to the 12-15% range. Can Solana Hit $1,000? Canfield bases his analysis on several indicators. He highlights the Solana Dominance (SOL.D) chart, noting that at the peak market cap, it didn’t even crack 3%. Given....