Amid strong institutional demand and regulatory clarity from US authorities, an analyst has suggested that Solana (SOL) could potentially rally above a crucial psychological barrier for the first time in a month. Clear Skies Ahead For Solana Over the past week, Solana has had a remarkable performance, jumping 22% from March lows and breaking out…
Tag: Solana breakout
Solana Rally Over? SOL Risks 2022-Like Correction As Price Erases Mid-Week Recovery
As the broader crypto market retraces, Solana (SOL) has erased its recent gains despite strong institutional demand for investment products based on the cryptocurrency. Some analysts have now suggested that the altcoin risks a deeper pullback similar to its 2022 correction. Solana Loses Mid-Week Gains As Market Wobbles On Friday, Solana dropped 7% intraday to…
Solana To Retest November Lows After $144 Rejection, But Analysts Remain Bullish
As Solana (SOL) fails to reclaim a major resistance area, a market watcher suggested that the cryptocurrency is poised to retest the November lows. However, other analysts predicted that the altcoin consolidation period may end soon. Solana Rejected From Key Area On Friday, Solana faced a nearly 4% correction after trying to reclaim a crucial…
Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead?
As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed a crucial level, nearing a key resistance area that could set the stage for a long-awaited price recovery rally, according to some market watchers. Solana Bounces Despite ETF Outflows The crypto market has surged above the $3 trillion mark for the first…
Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’?
Following a massive Q3 performance, Solana (SOL) has kicked off “Uptober” with a bounce, attempting to reclaim a crucial area as support to continue its bullish rally. Some analysts have suggested that the cryptocurrency is ready to challenge the recent highs and enter a new price discovery phase. Solana Starts ‘Uptober’ In The Green After…
Solana Sees Institutional Accumulation: 413,075 SOL Moved Off Exchanges In Hours
Solana has been in the spotlight after delivering a powerful rally, surging more than 50% since August and climbing to the $248 level. This move has reaffirmed bullish sentiment across the market, with momentum continuing to build around one of the leading altcoins. Analysts are now calling for the possibility of a massive surge in…
Analyst Sets Bold $1,314 Target For Solana After Cup-And-Handle Breakout
A cryptocurrency analyst has pointed out how Solana may be moving toward a sky-high main target based on a cup-and-handle breakout. Solana Is Breaking Out Of A Cup And Handle In a new cup and handle” from technical analysis (TA). It’s made up of two parts: a U-shaped trendline forming the “cup” and a downward…
Solana Breaks Out Of Ascending Triangle: Is $300 The Next Stop?
Solana is currently breaking above an Ascending Triangle that could set a target of around $300, according to a cryptocurrency analyst. Solana Is Breaking Out Of An Ascending Triangle In a new technical analysis (TA) pattern forming in the 12-hour price of Solana. The pattern in question is an “Ascending Triangle,” which appears whenever an…
Another Short-Lived Solana Rally? Here’s Why It May Be Different This Time
Solana (SOL) is attempting to reclaim a strong resistance zone for the fourth time, which has led some investors to suggest that the rally won’t last long. Nonetheless, on-chain data suggests that SOL’s next leg up could be starting. Solana Breaks Out Of Triangle Pattern On Thursday, Solana hit a six-month high of $216 after…
Solana Breaks Out Of Symmetrical Triangle—Next Stop $164?
Solana has shown a potential breakout from a Symmetrical Triangle. Here’s where the next price target could lie, according to an analyst. Solana Has Surged Above Symmetrical Triangle Resistance In a new Symmetrical Triangle, a pattern from technical analysis (TA). This pattern belongs to the class of triangles, formations that involve the asset trading within…