Solana Repeats Bitcoin Miracle: Is the Potential Target Aiming at $328.98?

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Solana (SOL) is mirroring Bitcoin's spectacular performance from early 2024. At that time, Bitcoin surged from a key support level of $47,080 to $74,000 in just a few weeks, creating a historical high. Now, Solana is showing a similar trend.

Key Support Level Drives Rebound

Solana rebounded near the key support level of $193.84, which transitioned from historical resistance, similar to the situation when Bitcoin attracted significant buying above $45,000. The current pattern suggests that Solana may exhibit exponential growth potential.

Target Price

If SOL continues to maintain its current momentum, the following key resistance levels may become its upward targets:

$248.44: Located in a crucial Fibonacci retracement zone, this is a key point in the short term. $328.98: If it breaks through the previous resistance, SOL's price may further surge to this height.

Echoing Bitcoin's early rally, this analysis suggests that Solana has the potential to break resistance and achieve new highs.

Market Outlook and Insights

Solana's performance provides a predictive outlook for the market, as its price may drive a new upward cycle by replicating Bitcoin's historical pattern. This not only attracts the attention of young investors but also enhances its status as a high-potential asset.

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