Will the Solana price break the $205 mark in 2025 and trigger the alt season?
Will the #Solana price break the $205 mark and trigger the #alt season in 2025?
On the 4-hour chart of the #SOL , the price has been moving towards $205 for 50 days. The EMA has been broken, and a break above this level in the long term could mean that SOL is back in an uptrend.
Since December 2022, Solana has outpaced Bitcoin and Ethereum in terms of capital growth.
Will Solana become the spark for the 2025 alt season? BREAK Bearbug traders forecast an alt season in January 2025.
Solana prices bounced on the four-hour chart of SOL USD, closing consistently above the major moving averages.
After a difficult period, SOL established a solid support base around 184.20 USD, which was confirmed by several touches but was not broken below. This phase marked the beginning of the upside.
SOL started to rise, clearly exceeding the $193.44 level, which coincides with the 200 EMA, a key resistance/support line.
the momentum did not wane, breaking through $195.33 and $204.64 to close at around $210.00. This move coincided with the uptrend line, reinforcing the probability of a continuation of the uptrend.
Notably, the Solan price broke through the 50-day moving average just before this spike, confirming bullish sentiment.
traders and analysts are paying attention to the $205 resistance level.
This move indicates increased investor confidence and further upside potential, especially if the SOL holds above these key marks. Since December 2022, Solana's realized value change has been impressive, notably outperforming both Bitcoin (BTC) and Ethereum (ETH).
over this period, SOL has become an increasingly important player in the blockchain ecosystem. Over 727 trading days, SOL has seen 389
This sharp rise correlated with the market-driven increase in the SOL price.
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